It is always good to have a medical insurance policy for emergency situations
Health Is Wealth is a very famous saying, and everyone tries different methods to maintain their well being. However, life never follows a fixed pattern and thus, bodily injury or sudden illness can occur to anybody and may leave one both financially and physically stressed. Therefore, it is always good to have a medical insurance policy for such situations.
There are various different types of health insurance policies available in the market and group health insurance is one. A group health insurance plan is used to provide risk coverage to the people who belong to a specific group. Generally, this policy is given by employers to employees.
A Group Mediclaim policy is the best way to protect your employees and their families, especially with the constant rise in medical expenses. This is because the Group Mediclaim policy covers the expensive medical treatments costs incurred by the employee if hospitalized due to an illness or an accidental injury.
When the group health insurance is provided by the employer, then both employee and employer are supposed to be the beneficiary. This is because; the plan addresses both the parties of a group.
Employees are the treasured part of any organization. These days more and more companies are becoming employee-centric and corporate health insurance has emerged as one of the most preferred benefits to lure new talent. It plays a crucial role in influencing the psychology of an employee. It makes him feel part of a company and thus, it curtails employee attrition rate and unrest in labor unions. Moreover, it increases their productivity which increases profitability of a business. Special insurance schemes where families are also covered for benefits make employees faithful towards their employers. Moreover, by offering coverage to your employees, you become eligible to get tax deductions under Income Tax Act. So group or Corporate health insurance policy is a win-win situation for both employees and employers.