Hi,
I received an assignment from my reporting officer to collect complete details on how to implement medical insurance coverage in our company. Ours is a US-based company, and we have 25 employees in our branch. Up to now, we have had medical reimbursement along with a salary split of Rs. 800. We are now planning to introduce medical insurance coverage in our company. Seniors, please assist me in implementing the medical insurance coverage. Please provide me with the "A to Z" details of implementing it.
Waiting for the reply.
Nancy
From India, Thiruvananthapuram
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2I received an assignment from my reporting officer to collect complete details on how to implement medical insurance coverage in our company. Ours is a US-based company, and we have 25 employees in our branch. Up to now, we have had medical reimbursement along with a salary split of Rs. 800. We are now planning to introduce medical insurance coverage in our company. Seniors, please assist me in implementing the medical insurance coverage. Please provide me with the "A to Z" details of implementing it.
Waiting for the reply.
Nancy
From India, Thiruvananthapuram
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18 viewed and no reply.....come on yaar dont be so cruel hearted people:huh:...please reply HR’sssssssssssssssssssssss:(
From India, Thiruvananthapuram
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From India, Thiruvananthapuram
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Hi Nancy,
You can contact a life insurance agent, such as HDFC Life Insurance Agency or LIC, to schedule an appointment with them. Then, you can discuss your requirements, and they will provide you with a beautiful presentation and a solution. This is the best way to proceed – go ahead and make the effort. I followed this approach in our company.
All the best.
Regards,
Prince
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You can contact a life insurance agent, such as HDFC Life Insurance Agency or LIC, to schedule an appointment with them. Then, you can discuss your requirements, and they will provide you with a beautiful presentation and a solution. This is the best way to proceed – go ahead and make the effort. I followed this approach in our company.
All the best.
Regards,
Prince
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Hi Nancy,
I suggest you contact Oriental Insurance, fix up an appointment with their advisors, and take it forward. You can first decide on the amount for which you need the employees to be insured. Generally, the Sum Insured will be decided based on their salaries. Once you have decided on the Sum Insured, the Insurance Company will give you an estimate of how much it would cost to cover all the employees.
You can then increase or decrease the amount by customizing the Insurance Scheme. You may add options like coverage for Pre-existing diseases, Maternity coverage, etc., if your company has the provision of paying a little more. If all goes well, you can get the insurance going. We have our medical insurance with Oriental, and it's working fine.
Regards,
Rajesh
From India, Bangalore
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I suggest you contact Oriental Insurance, fix up an appointment with their advisors, and take it forward. You can first decide on the amount for which you need the employees to be insured. Generally, the Sum Insured will be decided based on their salaries. Once you have decided on the Sum Insured, the Insurance Company will give you an estimate of how much it would cost to cover all the employees.
You can then increase or decrease the amount by customizing the Insurance Scheme. You may add options like coverage for Pre-existing diseases, Maternity coverage, etc., if your company has the provision of paying a little more. If all goes well, you can get the insurance going. We have our medical insurance with Oriental, and it's working fine.
Regards,
Rajesh
From India, Bangalore
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Thanks, Rajesh. :icon1:
Thanks, Prince. :icon1:
I will try to do the way which you people advised. :-P I will get back to you if I have any questions. :confused: Okay, buddies, thanks once again. :icon1:
Nancy
From India, Thiruvananthapuram
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Thanks, Prince. :icon1:
I will try to do the way which you people advised. :-P I will get back to you if I have any questions. :confused: Okay, buddies, thanks once again. :icon1:
Nancy
From India, Thiruvananthapuram
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Hi,
It's a good thing that your firm wants to cover the employees under the Medical Insurance. It shows they care for the employees, and you should be happy to be a part of such an initiative.
First of all, you should have complete data regarding your employees, i.e., employees and their dependents. Dependents will be parents, spouse, and children in case they are married. Data should cover the following:
1. Name
2. Age
3. Relation
For example, in the case of an employee named Kevin George, you should have the following information:
1. Name - Kevin George
2. Employee Code - 001
3. Age - 25
4. Date of Birth - 1983
5. Father - Mr. aaa
6. Father's DOB - ...
7. Father's Age - 55
8. Mother - Mrs. bbb
9. Mother's DOB - ...
10. Mother's Age - ...
Collect the same information for spouse and children in case they are married.
Invite agents from Insurance companies to come and tell you about their policies. It depends upon the management of your firm whether they want to go for a Family floater policy or individual coverage policy. Collect the details regarding the premium that will be charged per employee. The premium amount charged is different for different age groups. Then you can calculate the TOTAL PREMIUM AMOUNT of the employees.
For all 25 employees, all of them 25 yrs age, the premium amount for the age group between 20 to 25 = 1250Rs. TOTAL PREMIUM = 31250Rs. If dependents are covered, then you have to find the premium for dependents too.
You can also get a tailor-made policy for your firm since it's a small firm.
Finally, you can get it approved by the management.
The agents from the Insurance company will guide you as per the policy taken.
Regards,
Savin
From India, Bangalore
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It's a good thing that your firm wants to cover the employees under the Medical Insurance. It shows they care for the employees, and you should be happy to be a part of such an initiative.
First of all, you should have complete data regarding your employees, i.e., employees and their dependents. Dependents will be parents, spouse, and children in case they are married. Data should cover the following:
1. Name
2. Age
3. Relation
For example, in the case of an employee named Kevin George, you should have the following information:
1. Name - Kevin George
2. Employee Code - 001
3. Age - 25
4. Date of Birth - 1983
5. Father - Mr. aaa
6. Father's DOB - ...
7. Father's Age - 55
8. Mother - Mrs. bbb
9. Mother's DOB - ...
10. Mother's Age - ...
Collect the same information for spouse and children in case they are married.
Invite agents from Insurance companies to come and tell you about their policies. It depends upon the management of your firm whether they want to go for a Family floater policy or individual coverage policy. Collect the details regarding the premium that will be charged per employee. The premium amount charged is different for different age groups. Then you can calculate the TOTAL PREMIUM AMOUNT of the employees.
For all 25 employees, all of them 25 yrs age, the premium amount for the age group between 20 to 25 = 1250Rs. TOTAL PREMIUM = 31250Rs. If dependents are covered, then you have to find the premium for dependents too.
You can also get a tailor-made policy for your firm since it's a small firm.
Finally, you can get it approved by the management.
The agents from the Insurance company will guide you as per the policy taken.
Regards,
Savin
From India, Bangalore
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Hi Nancy,
I can provide you with the contact number of the person who deals in Mediclaim policies. I have also obtained a policy from the same individual, and they can provide you with detailed information about what you require. His details are as follows:
Mr. Rajbir Singh
Contact no. 9873989200
You can mention my reference to him. My name is Navneet Singh.
From India, New Delhi
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I can provide you with the contact number of the person who deals in Mediclaim policies. I have also obtained a policy from the same individual, and they can provide you with detailed information about what you require. His details are as follows:
Mr. Rajbir Singh
Contact no. 9873989200
You can mention my reference to him. My name is Navneet Singh.
From India, New Delhi
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Hi, If you based in kerala, then call up Insurance Company at your place and get the contact number of the agent and ask him to come down to your office.... That’s it :icon1:
From India, Bangalore
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From India, Bangalore
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Hi Nancy, Pls find the attachment for mediclaim policy. Regards, Anandh. E
From India, Madras
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From India, Madras
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Dear Nancy,
You can contact a third-party insurance provider who will act as an intermediary between the employer and the insurance company. Our hospitals in Kerala are mainly associated with TPIs like TTK Healthservices, Paramount, Genins, etc.
So, you can contact any of these TPIs, or else, do reply.
Regards
From India, Bangalore
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You can contact a third-party insurance provider who will act as an intermediary between the employer and the insurance company. Our hospitals in Kerala are mainly associated with TPIs like TTK Healthservices, Paramount, Genins, etc.
So, you can contact any of these TPIs, or else, do reply.
Regards
From India, Bangalore
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Employee Benefits.doc
Employee Benefits.zip