How to frame the medical insurance policy?
From India, Delhi
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Hi,

Whether a Mediclaim insurance policy is already in vogue or planning for new, you have not mentioned. If you are planning to cover newly, then first of all, please arrive at the coverage limit subject to your office Management approval.

One Lakh or two Lakhs or 3 Lakhs. The more the coverage value, the more premium the employer has to pay.

Next, decide whether the employee alone should be covered or the family should be covered under the floater option.

If the family criteria are fixed, like for unmarried employees, Father and Mother can be added, and for married employees, the spouse and two children limit.

Then decide whether to cover all, including trainees, or only regular employees.

Once you finalize the above, you can present all the above in the Mediclaim insurance policy.

You can present to employees that Mediclaim is not a statutory benefit but a welfare measure provided by the Company.

From India, Madras
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