We offer employment benefits teller made policies such as Group Health Insurance, Group Personal Accident insurance and Group Term Insurance.
Group Health Insurance
The Risk Quality medical costs are becoming increasingly expensive and could eat up our savings. The cost of a simple surgery can easily touch Rs 1 lakh. Cancer treatment would cost lakhs. Even the upper middle class are forced to sell their valuable assets to meet the medical expenses. Other expenses like travel, lodging, loss of income account for as much as 35% of the overall cost of treatment.
The Solution Group Health Insurance schemes that provide health insurance coverage for employees/ members and their dependants for expenses related to hospitalization due to illness, disease or injury. The standard health policy that reimburses you the actual hospitalization cost of treatment of any disease, offered by non life insurers / standalone health insurers are popularly called ‘Mediclaim’ policies. The Cover Expenses on Hospitalization for a minimum period of 24 hours are admissible. Room and Boarding Expenses, Intensive Care Unit charges, Doctors fees, Nursing Fees, Surgical Fees, Operating Theatre, Anesthesia and their administration, Drugs and Medicines consumed on the premises, Hospital Miscellaneous Services (such as laboratory, x-ray, diagnostic tests), Dressing, ordinary splints and plaster casts shall be reimbursed provided they are incurred in India within the policy period and up to the level of cover that the member is entitled to. Dependants of Employees can also be covered. There can also be a single Family Floater Limit rather than an individual limit per member. Other benefits like pre-existing diseases, maternity cover, and baby cover from day one can be offered under a Group Scheme.
The Cover: You can choose to buy insurance for only the building (structure) of your home, or only the contents (belongings) or both. The following fire and special perils are covered: Fire Lightning Impact Damage Aircraft damage Explosion / implosion Storm, Cyclone, Typhoon, Tempest, Hurricane, Tornado, Flood and Inundation Riot, Strike, Malicious Damage Landslide including Rockslide Bursting and/or overflowing of water tanks, apparatus and pipes Missile testing operations Leakage from automatic sprinkler installations Bush Fire
Group Personal Accident Insurance
The Risk in today’s fast-changing world the chances of bodily injury due to accident has increased by leaps and bounds. Bodily injury of the bread earner resulting in death or disablement may prove particularly distressing for the dependants and family members. The Solution To protect the dependants and the family members from such a scenario, protection under Group Personal Accident Policy is available. The Cover The policy kicks into action and pays compensation in case of death or bodily injury to the insured member of the group due to an accident. Various options are available under this policy ranging from cover for death due to accident, permanent partial disablement to temporary total disablement etc. The compensation varies for death, permanent disablement and temporary disablement. Though, it is difficult to put a value on human life, to avoid any misuse of the policy, the Sum Insured depends on the Income of the person/ member of the group.
Group Term Insurance
The Risk In today’s fast-changing world the risk of death of an employee cannot be completely ignored. It may prove particularly distressing for the dependants and family members. The Solution To protect the dependants and the family members from such a scenario, protection under Group Term Insurance Policy is available. The Cover Group Term Insurance is a convenient yearly risk insurance product which pays a Face Amount to the employees in the event of any cause of death. A Group Term insurance plan is not only cheaper than individual coverage but also waives the requirement of medical tests in most cases. In addition to add-on accident & disability riders, Group Term plans also offer an option to convert to an individual policy. The amount of life cover can be customized based on requirements like a uniform cover for all members or a grade wise cover. This cover is available 24*7 anywhere in the world.