20 smart questions HRs must ask their brokers before buying group health insurance
Hidden Costs? Ask These 20 Questions Before Buying Group Health Insurance
By Pazcare
May 5, 2025
Group Health Insurance - For the Real Estate Industry
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Real estate industry - Overview
With over 100+ industries panning worldwide, the real estate industry comprises real property used for myriad purposes. The real estate industry is divided into 4 basic categories namely -
- Land real estate
- Residential real estate
- commercial real estate
- Industrial real estate
As their name implies, each category of real estate does its specific job. Land real estate typically means a vacant piece of land. The undeveloped or vacant land is sold either separately or clubbed with other similar properties to be sold together.
Residential real estate, commonly considered an asset, is used for the housing needs of families and individuals. Commercial real estate is used for the building of shopping malls, hotels, parking lots, etc. Industrial real estate on the other hand is for factories, warehouses, mechanical, etc. India houses over 8.69 Lac real estate companies. Around 7.51 Lac individuals work in companies with 0 - 100 employees, 5.78 Lac work in companies with 100 - 1000 employees, and about 3.09 Lac people work in companies with 1000+ employees.
Why buy group health insurance for the real estate industry?
Group health insurance has emerged as a necessity in these past couple of months. And additionally, it caters to every industry as well!
- Improve job satisfaction
If your employees feel secure in their workplace, their job satisfaction will eventually increase.
- Tailor-made
Your group health insurance can be customized according to your requirements and needs.
- Employee retention
It will be easier to retain employees if they feel that their company wants to protect their interests too.
- Financial protection
Medical emergencies come without warning, sometimes, and it is better to be prepared to tackle them.
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Things to know before buying group health insurance for the real estate industry
You might be overwhelmed by the sheer number of insurance policies available in the market. Each insurance policy has its own pros and cons but some things remain constant throughout. Some of these include -
- Claim settlement ratio
The claim settlement ratio is a good measure to compare different policies as the higher the ratio, the higher chances that the insurer is reliable.
- Network hospital list
A large number of network hospitals implies that your remote team will be able to find a cashless network hospital near them easily.
- Claims experience
Manual claim experience can be tiring. With technology in place, your claims experience should not be a hassle.
- Endorsements
Ensure that new employees can be added without any inconvenience.
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For any queries or assistance, reach out to us at any time. We provide 24X7 customer assistance.
Pazcare
91 80378 34753
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Group health insurance for real estate industry employees FAQs
Which insurance provides real estate insurance?
The property insurance provides real estate insurance for theft, fires, etc.
How to use a digital health ID card in network hospitals?
While submitting the proof of verification, you can show your company ID and health ID card to the concerned authorities.
How is the claim settlement ratio calculated?
The claim settlement ratio is simply the number of claims made to the number of claims settled. It can be calculated by - Number of claims settled/Number of claims made*100
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