BUSINESS
Beyond health cover: How employers can widen their insurance bouquet for employees
A motor insurance policy for employees or just an option to cover parents and children over the base cover would go a long way in bringing affordable care to employees. And since employers are bulk buyers, the premium cost will be low.
BUSINESS
Why the claim experience differs between individual and group health plans
Individual health insurance policies can come with several complexities and challenges that can cause stress for policyholders during the claim process. Group policies tend to have less complexity and confusion.
BUSINESS
How to ask for customisation in your group health insurance policy
For group health insurance, Flexi GMC is the next frontier. More and more employees are seeking greater participation in designing the benefits that are most relevant to them. The one-size-fits-all has its limitations
BUSINESS
Understanding the workings of graded covers within group insurance policies
Insurance benefits could be differentiated on the basis of designation, salary, family size, or a combination of these factors.
BUSINESS
The best insurance policy for a senior citizen: Personal policy or employer’s group policy?
Employer-offered group insurance policies don’t have waiting periods. This means your senior citizen parents, if they are enrolled here, are covered from Day 1. But a personal insurance policy is lifelong renewable, irrespective of your claim history. It doesn’t stop the day you leave your employer.
BUSINESS
How to optimise premium for a personal health insurance when an employer-sponsored plan exists
If you are already covered under a group health insurance provided by your employer, you can buy a cost-effective personal plan in the form of top-ups and add-ons
BUSINESS
Here’s how to claim health insurance from your office cover and personal cover at the same time
Hospital costs are increasing at a rapid rate. Medical inflation is considered to be growing at a faster rate than general inflation. In such a scenario, it is increasingly common for individuals to exhaust their policy limits. A thorough approach to filing a claim can ensure that out of pocket expenses are minimised.
BUSINESS
Supplement your corporate health plan with personal insurance policy
In view of the rising incidence of health issues, increased cost of hospitalisation, employees should have a second line of coverage.
PERSONAL-FINANCE
How to buy the best insurance cover for senior citizen parents
It’s best to buy insurance at an early age but most of our parents are either without an insurance cover or very inadequate cover. A standalone health insurance policy is often the best choice, but expensive to buy after 60. Here are some other options.
BUSINESS
How young couples can cover maternity costs via health insurance
It is important to recognize that maternity has several direct and indirect expenses, which can be mitigated through proper insurance planning
BUSINESS
How to make buying insurance as simple as ordering gadgets online for millennials
Insurance companies must find ways to ensure that medical bills are settled quickly using technology
BUSINESS
Why vaccine hesitancy and under-insurance are similar issues
Neither any vaccine nor any health insurance plan is perfect. They have shortcomings. Still, they are essential
BUSINESS
Insurance companies are not doing enough for COVID-19 doctors and healthcare workers
Doctors and medical staff are categorized as a high-risk group due to their exposure to the coronavirus and the resultant morbidity and mortality
BUSINESS
How insurance companies are battling Covid-19 second wave uncertainties and impact on policyholders
Life insurance policy premiums are rising as Covid-19 second wave spreads and insurance companies struggle to price in risks. But this should not deter you from buying a life insurance policy if you need one, now
BUSINESS
How to increase fire insurance adoption of homes and small businesses
SME and home insurance products have a large potential market. An easy-to-understand product that is attractively priced will help drive adoption
BUSINESS
Are the wellness benefits that come bundled with health insurance covers worthwhile?
The real cost to insurers is low. Not surprisingly, the impact achieved is low too
BUSINESS
Online platforms offering low-ticket insurance covers: Implications for policyholders
Insurers refer to these as group-retail, ecosystem, platform or affinity products. Can they substitute for regular insurance covers?
BUSINESS
4 insurance policies that doctors must take
The four policies – professional indemnity, personal accident, property and public liability – put together would cost a doctor less than Rs 25,000 annually
