Group Insurance : Key Benefits

Group Insurance : Key Benefits and operational aspects

Group Insurance : Key Benefits

Every employee has a query regarding their health insurance plan when they join a company and what if you are told that health insurance is a hassle free process. It would be so satisfying not to have any health check-ups prior to policy issuance or any sort of waiting period, neither for maternity benefits nor for pre-existing diseases. It sounds good right? Health insurance is a matter of great importance and It’s Group Mediclaim Policy that has become a benchmark benefit which is provided by the employer to its employees.

There are many companies providing health care insurance in India, but as a customer, its important to determine certain factors before deciding which provider will be able to stand up to your requirements in best possible manner.

Evaluation of employees need in terms of their benefits, should be superior to all the other aspects.


Employee Health Insurance Policy is a comprehensive healthcare insurance package that organizations buy for the benefit of their employees.

As per the group insurance guidelines are given by Insurance Regulatory and Development Authority of India(IRDA) the so called groups formed for this purpose could be either employer-employee or nonemployer-employee groups. People of similar social and cultural association would be count as an example of it.


The nature of a Group Health Insurance Policy for Employees is that a master policy is issued to the buyer which offers coverage to every individual in the group. In group insurance, a lot of customization goes into designing the policy on the basis of what the customer needs and the financial viability of that particular product. The terms and conditions, inclusions as well as exclusions are same for every individual being cover under the Employee Group Insurance Policy.

The Type of policy that is chosen for the employee that not only counts in their compensation structure but also has an impact on them. Companies prioritize all the benefits while selecting a policy to determine that they serve best to their employees.

One thing is common about all insurance provider: Higher the risk, higher the premium, and higher the benefit you deliver for your employees.


No Medical Check-up Required: It is not necessary for an individual to submit his or her medical check up report to get into group health plan.

 Maternity Benefits: A group health insurance provides employees with maternity benefits which is not many individual health policies cover.

Waiting Period: A group health insurance has no waiting period to avail full benefits of health care.

Pre-existing Diseases Clause: Employees are covered under pre-existing diseases from day one of the policy.

Need Not to Pay for Network Hospitals: For registered hospitals employees need not pay the bills and then get reimbursed for their expenses. They can walk into any network hospitals and get their treatment done.

Lower Premium: The premium amount of a group health insurance is much lower as compared to an individual health insurance plan. Hence, group health insurance turns to be cost effective one. According to study, It is said group health insurance is 30% cheaper than individual health plan.

Getting a Health Care cover from a company is the most effective way of having your loved ones covered all the times!


Group Gratuity Insurance: Gratuity is a statutory benefit to be provided to an employee as per the Payment of Gratuity Act, 1972. It is a lump sum amount paid out to an employee, upon his exit from employment and fulfilling the criteria prescribed in the gratuity Act.

Corporate Overseas Travel: This Policy is designed in a way that we cover all likely risks and avail extensive benefits when you are traveling overseas on business trips. There are ranges of Business Travel Insurance policies that cover your people for any accident, sickness, loss and even medical attention in an emergency that may occur while traveling.

Workmen Compensation: It offers Monetary compensation to the employees in case of medical emergencies during their employment period. This policy can be issued even to the employees who do not fall within the scope of Workmen’s Compensation Act,1923.

Group Term Insurance: It is a type of insurance coverage offered to a group of people. This coverage will provide a benefit to the beneficiaries if the covered individual dies during the defined covered period. As with other types of group benefits, this one is cheaper than individual policy coverage.

Group Personal Accident: With increased use of machinery and other equipment’s at workplaces and high traffic on roads with rash driving may result into death or partial or total disablement of employees. Therefore, the Group accident Insurance program provided to the employees is a key element of this protection.


coverages under GHI

Looking for buying Corporate Group Health Insurance? Check for this Coverage

 coverages under GHI

An organization plans to have an insurance policy to take care of the employees in case of any emergency hospitalization takes place. It will be very unfortunate for an organization to know that a claim is rejected on the basis of coverages not incorporated in the policy. Group Health Insurance is one such policy which can be customized as per the requirement of the organization hence enabling in fewer rejections of claims. Here is the list of some of the coverages and their explanations which will help in understanding the criticality of the cover and their limitations.

Pre-Existing Disease:

Group Health Insurance (GHI) covers i.e. diseases contracted before the inception of the policy.

Maternity Benefits:

It also covers maternity benefits which are usually excluded under the individual policy with Pre and Post Hospitalization coverages.

Room Rent charges:

Room rent charges are the maximum per day charges of the room when you are admitted to the hospital.

In Corporate Group Mediclaim Insurance the standard condition for room rent is 1% of the Sum Insured for the normal room and 2% for ICU per day. In this scenario, a person having the sum insured of 2Lacs is entitled to take a room of INR 2,000/- for normal and INR 4,000/- for ICU these charges are the per day limit charges. For example, A person entitles for INR 2,000/- per day room ask to opt for INR 4,000/- per day and total bill comes to 80,000/- the settled claim amount will be INR 40,000/-

Reason: In the hospitalization, every expense of your treatment are based on the basis of room you opt for such as Room charges, doctor visit charges, Operation theatre (OT) charges, Surgery charges, and very general expenses like diagnostic also. On the basis of the same if you opt for higher category room charges the proportionate deduction will be applicable on all the charges on the basis of the room rent limit.


Co-pay refers to the part of the claim payable to the insured.  For eg. The Co-pay ratio is 10% then for every claim of INR 100 made the insured will have to bear INR 10. This is usually done to reduce the claim made by insured which could have been avoidable otherwise. Most of the senior citizen’s policies have this clause.


For treatment, there is an amount decide over which the insured can’t claim. Eg. In Maternity Benefit there is sub-limit for Normal 20-25K and for Caesarian 40-50K over this amount the insured will have to bear the expenses.

Parents covered:

It also provides the option to cover parents under the policy without the medical checkup.

Day one cover:

New employees need not wait for the existing policy to expiry to get themselves covered under the policy. With this cover, they are covered from Day one under the policy.

Corporate Buffer:

A fixed Sum Insured is taken for the employees who can be for the employees or floating sum insured for the entire family. Due to critical illness, the existing sum insured gets exhausted corporate buffer triggers when sum insured is exhausted due to critical illness or accidental hospitalization.

Top up their health insurance:

With increasing cost of medical expenses, it will not be sufficient to continue with the existing sum insured so there a benefit to top up your health insurance rather than paying from your pocket.


Your Insurance Claim got rejected, switch to

Your Insurance Claim got rejected, switch to

Your Insurance Claim got rejected, switch to

Aditya is a business person; he runs a logistic organization, where he has a tie-up with one of the main online supermarkets for the conveyance of products requested to the organization through his vehicles. He has an armada of more than 50 vehicles for conveyance of products in Mumbai and Pune.

A month ago one of his vehicles met with a mishap, in which his conveyance van slammed into an auto and both the van and auto got harmed. Auto proprietor held up a case of on Aditya’s firm. Aditya thought as every one of his vehicles are secured with third party insurance, he won’t just get his vehicles damage claimed from the insurance company but also for the car’s damage under third party motor insurance.

Nonetheless, it was an utter stun for him that his case was declined. The insurance agency let him know that his case is rejected because of a few insufficiencies in the case, as

  • His driver was having lapsed permit
  • His third party insurance for the vehicle had terminated
  • They have not lodge FIR for the accident
  • Damage to the vehicle was not investigated by the surveyor and they did the repair, before lodging the claim
  • They had not taken photographs of the vehicle at the accident spot
  • They neglected to report the accident to the insurance agency within 24 hours

He reviewed after the accident occurred his first need was to organize another vehicle, get the goods picked up and get it delivered to customers, and in masterminding all these he didn’t get an ideal opportunity to refer the policy document to lodge a proper claim.

Aditya is presently stressed that he didn’t know about all these minute details and will need to pay all the cash from his own pocket.

In any case, to guarantee something as this doesn’t happen in future, he thinks it is better to take services of Insurance Advisors than to handle every one of these perspectives all alone as he has his hands full with different business exercises. Furthermore, for him time is money, it would be better that as opposed to putting time in seeing every one of the subtleties of protection, he simply go on these to and invests the energy saved money on his business. Hence, he would have the capacity to beneficially utilize the time in this manner spared.

He meets Mr.Pramod from, who clarifies him that won’t just pick best insurance policy from Aditya’s firm but also coordinate all claim related procedures. He then tells Aditya that if they had taken services of, they would need to simply make a call to, and they would have ensured that all the things are in place as per requirement of Insurance Company.

Aditya is currently alleviated that is it a shrewd choice to partner with

For hassle free and one point of contact choose

Take insurance policies hassle free – choose

For hassle free and one point of contact choose

Rajiv is working in Admin Team with an Indian Construction Company. His supervisor asks him to renew the Employee Group Mediclaim policies, Employee Group Personal Accident policies and also to take Construction All Risk Policy for 2 new projects that his company has recently taken. His supervisor has also asked him to review the terms of existing policies and see that company gets better terms at the best price. He is given one month’s a great opportunity to fulfill the same.

He gets energized suspecting that he needs to simply get three policies and has one month close by. Being a very much arranged official, he goes to his work area and begins arranging ahead of time for good execution of errand allotted to him.

Rajiv records down the errand which requirements to do to finish the current workload. Taking after is the synopsis list-

  • Type of cover to be taken (3)-GHI, GPA, and CAR
  • Number of Insurance Companies in market- 28
  • Number of quotation even if he invites from top 10 companies- 30
  • Required Action- finding out top 10 companies for each product
  • Finding out contact person at each of these companies to each product
  • Getting the list of products, exclusions, inclusions, add-on cover available etc
  • Submitting requirement list for each policy for inviting quotations
  • Getting the quotations and comparing the same to find out best company to go for
  • Negotiating with the companies for best price and suitable product
  • Paying the premium and getting the policy copy

After making the draft list of actions to be taken, Rajiv is presently anxious as he is not certain whether the above list is even comprehensive and on the off chance that he will have the capacity to do the greater part of the above things in the best way. He begins pondering that on the off chance that he picks wrong strategy or wrong insurance agency, his director won’t be glad. Indeed, even in the wake of getting best plan, how the insurance agency will be in the case of services can’t be determined.

Insurance advisors like help you in providing competitive quotes from different insurance company along with the comparison sheet for coverage and pricing. They will help you in identifying the required inclusions and what can be excluded. Based on this specific requirement, they will invite quotations from several insurance companies, they will submit you comparative analysis and also help you in understanding the difference between plans offered by different companies and if required in identifying the suitable plan for your organization. Not only this, they negotiate on your behalf with the companies to ensure you get competitive pricing. Their role does not end with policy issuance, they will help in claim settlement, if any adverse event takes place, they will remind you about policy renewal and help in the renewal of policy also.

By taking help of, Rajiv could get a reasonable strategy for his organization with best rates and on ideal terms.

Monsoon cares for vehicles

Monsoon cares for vehicles

Monsoon cares for vehicles

Everybody is waiting for a good monsoon and heavy rainfall. After all, it is expected that there is going to be above normal rainfall this year after the dry spell of two years because of El-Nino effect. This is very good news as an individual but as a vehicle-owner, you have to be very careful as heavy rains bring incidences of water-logging and accidents due to slippery roads. During monsoon, everyone wants to enjoy the long drive across the picnic spots. Also, driving in the own car during monsoon is better than traveling on public transport as you will find public transport crowded and will have to wait longer for taxi or rickshaw. We have therefore compiled few to do points, shielding measures and requisites for you to safeguard you and your vehicle. So be monsoon ready and enjoy your drive.

Tyres should be in excellent condition during monsoon. Due to the frequent running of the vehicle, the tyres become smooth and during monsoon in contact with water it increases the chance of skidding and losing control of the vehicle. As water and dirt get accumulated over the road it can result in puncture so it is advisable to keep a spare tyre and puncture repair kit so that you don’t stick in mid of the road.

Putting mud flaps on the vehicle will protect others from the spray of the mud that distracts them during driving.  When you are driving please ensure others safety on roads to avoid a mishap.

Rainwater and mud can corrode your vehicle so get a good wax polish done. Covering your vehicle during monsoon is not a good option as it can rust the vehicle. Try parking in a place where it is airy, avoid parking in low-lying areas and avoid parking under the tree as the wind may cause trees to fell and may cause a mishap.

Ensure that the car wipers are working properly and wiper blades are able to clean water on the windscreen. Also, check whether wipe systems are working properly. Wipers are very crucial as during heavy rains if wipers are not working you will become literally blind. Also, keep some heavy object so in case you are stuck in the vehicle and doors are jammed you can break the windshield and come out.

Though monsoon brings in the cool breeze it is not advisable to keep the windows down and drive as it will bring rain water in and will seep on the seats and carpet. As dampen seats and carpet will cause damage to them and will bring foul smell it may also cause short circuit while operating power window switches. You can fix a rain guard (alternately known as rain visor, window visor, window deflector) which protects rainwater from coming into the vehicle through window thus allowing you to enjoy the weather and cutting down on your air conditioner.

Never drive the vehicle when you are stuck in water. You might assume that speeding your vehicle might allow you to get through easily but you might be risking your life hence avoid flooded and water lodging areas

Ensure that the headlight and taillight are working properly as visibility is reduced during monsoon

You must be servicing your vehicle timely but just as you take care of yourself for the monsoon it is advisable to get a checklist for your vehicle by your technician to avoid any mishap.

Monsoon brings in moisture and getting out and in from the car wets your clothes which then wet your carpet and seat and with no proper ventilation it results in a foul odor. Use a vacuum cleaner to dry the wet portion and leave the windows open so that odor is removed, you can also use natural air freshener, using an umbrella will prevent wet clothes from dampening the seats or seat covers. Keep the wet umbrella in a plastic bag so it does not wet the seats or carpet. If too much water has soaked in, take the vehicle to the garage to be dried. If need be, remove the carpet and dry it.

It’s a general tendency that as soon as you enter the vehicle you start the machine close the door and start the Air conditioner which results in fogging up to avoid this let the door be opened so that ventilation takes place and then turn on the AC.

Please ensure that you carry a tow rope as it will be useful if you are stuck in the mud and need to be towed out. A shovel will be needed to loosen the dirt around the tyres and gain grip to remove you. A medical kit can come handy for bruises and first aid when required. If you’re stuck in a traffic jam for hours, biscuits and power bars will quench your hunger. A phone charger will help when you’re stuck in a traffic jam to ensure that your mobile phone doesn’t run out of charge. Keep reading material to while away the time when stuck in a traffic jam. The newspaper can also be placed over the foot mats to soak water from wet footwear. A flashlight will help when you’re stuck somewhere in the dark and need to change a tyre etc.

These are some of the tips for vehicle and for your safety but also keep your insurance details like insurance contact details, policy copies handy during monsoon so whenever you are stuck you know whom to contact.

After scorching summer Monsoon brings in pleasant atmosphere where we are tempted to roam and explore but at the same time it tests you’re driving so drive safely and enjoy Monsoon.



Cropped shot of a woman holding a miniature house

The Importance Of Property Insurance

Cropped shot of a woman holding a miniature house

Cropped shot of a woman holding a miniature house

The basic goal behind shopping for insurance is to form you financially whole following a loss. You conform to pay a (relatively) tiny fee to associate insurance underwriter these days, inflicting atiny low however sure loss to you currently, in exchange for a guarantee from the insurance underwriter that it’ll bear the burden of an outsized however unsure loss within the future.

Let’s say that you just have a house that you just own, free and clear – with no insurance. As long as you still pay your property taxes, you’ve got each right to relish the utilization of that house for as long as you prefer, as secured by law. you’ll live there, rent it out, leave it vacant or maybe sell it if you prefer. However, if that big tree within the back yard falls on your house inflicting severe harm, it’s still up to you to hide the price to repair the house. this can be the fundamental reason to hold property insurance, which might have procured your property to be mounted or replaced

Who desires Insurance?

Thankfully for those people World Health Organization could be negligent in our responsibility to own insurance on our property, we have a tendency to area unit forced in several cases by either law or contract (the mortgage contract) to hold insurance. whereas not several, if any, U.S. state laws need you to hold property insurance, they are doing usually need some sort of insurance, particularly for cars. This covers repair or money restitution to some other person besides the individual guilty. as an example, the person at fault’s insurance pays to own their automobile mounted, or pays their medical bills. fortuitously, once most people purchase the desired liability coverage, we have a tendency to area unit given the chance to get the property insurance (i.e. comprehensive or collision insurance) rather simply, so saving U.S. from money hardship if our own automobile is broken within the accident.


According to a survey printed within the Journal of monetary coming up with, owners|many householders|many owners} have immensely misguided views of what their homeowners insurance truly covers. per this survey conducted by the National Association of Insurance Commissioners, “One third of householders believe flood harm are lined by their normal policy. Over 0.5 suppose their policy covers them within the event of a water line break. xxxv p.c say they’ll be salaried for associate earthquake, and a rather lesser proportion thinks mildew is roofed.”

In being, the everyday perils (causes of property destruction) that area unit usually not lined are:

Flood harm (this may be a separate policy)

Earthquake (this is additionally a separate policy)


Acts of war

Parts of the property unrestored (Including worn-out plumbing, electrical wiring, air conditioners, heating units and roofing).

Policies area unit usually written so for one thing to be lined, it should be “sudden and accidental”, which means that it wasn’t a slow leak that caused harm over several months. usually this can be not lined by insurance. If your roof caves in from maturity, and not from storm harm, it’ll seemingly not be lined.

The typical perils which usually area unit lined include:


Wind (tornado or hurricane)



Liability Coverage

In addition to covering the worth of your home or different property, several insurance policies additionally embrace a very important provision for liability coverage. you’ll not suppose this can be vital, being the careful person who you’re, however, there area unit numerous eager lawyers in each town looking out high and low for lawsuits against individuals like yourself. Liability coverage is acknowledge to house owners of vehicles, however could also be lesser-known to householders.

If your neighbor’s house catches hearth as a result of you left your charcoal grill unattended, World Health Organization does one suppose can pay for the harm caused by the fire? you’ll. you’ve got paid the insurance underwriter your premiums so they’ll buy larger claims after they do occur. a similar goes for somebody World Health Organization is hurt and needs medical attention whereas on your property.

If you’re on vacation and your property is purloined, like a diamond ring, you’ll be entitled to compensation. make certain to document the stealing with proof that you just closely-held it and you ought to be able to give a police report back to the insurance underwriter.

Don’t Guess – grasp

You should grasp what your policy will and – a lot of significantly – doesn’t cowl. Insurance corporations don’t keep in business by charging a token quantity to hide any and every one things that may presumably happen to your property.

Additional (Non) Coverage

Home-based businesses don’t seem to be usually lined. This doesn’t embrace a course, however rather an area wherever individuals inherit your home as customers, like a workshop wherever you repair article of furniture. you’ll would like a separate business (commercial) policy to properly insure this space and its connected liability. Again, these rules vary from state to state and country to country.

Also, if your property, particularly your house, is left vacant for over an explicit fundamental measure, like sixty days, then the householders policy could also be canceled straight off by the insurance underwriter. it’s assumed that a vacant home is at a far higher danger of perils like hearth or stealing, and thus changes the danger profile enough to want a separate policy. If you’ve got a second home or a vacation property, you’ll get another policy to hide this home still.

Pitfalls to Avoid

Check to ascertain if your policy covers repairs at actual money worth (ACV) or at cost. cost is sometimes far better. Case in point: If your roof was broken and desires to be utterly replaced, cost can pay for it to be totally repaired less your deductible, whereas ACV can pay you what your roof was calculable to really be value at the time of the harm. The trade-off is that ACV prices but cost coverage.

Art and jewellery

Additionally, if you’ve got dearly-won jewellery or art that you just wish lined, you’ll have to be compelled to add a floater. this can be associate add-on to your main policy. several policies have normal amounts that they’ll disburse for losses to specific things, and that they can pay no a lot of.

Co-Insurance Clauses

Finally, some property house owners solely wish to insure a property for what they procured it, which can bring into play a co-insurance clause. this can be (depending on native laws) wherever the property is insured for fewer than say eightieth of its current cost. A lesser quantity of coverage and therefore the insurance underwriter would require you to share during a proportion of the repairs higher than and on the far side the deductible quantity.

Premium Factors

Do you board a vicinity liable to tornadoes, hurricanes or floods? does one own an outsized dog or a swimming pool? area unit you a smoker? How’s your credit score?

You may be a higher-than-normal risk supported your answers to those queries, and that they can charge you consequently. These area unit factors that the insurance underwriter takes under consideration once setting your insurance rates. The a lot of that these and different risks area unit applicable to you, the upper your rates are.

Final Thoughts

One last warning: some insurance corporations give ostensibly unbelievable rates for his or her policies. If the corporate is unknown and its rates area unit exceptionally sensible, this could be a red flag for you. Check around for the company’s name, and don’t simply take the salesman’s word for it. Have a glance at the policy and see what they cowl, and what they don’t. you’ll realize all too late that what you thought was adequate coverage, was barely the legal minimum in your space. obtain quality coverage – keep in mind, “cheap insurance may be terribly dearly-won.”