Dear all
We are planning for medi-claim insurance for our employees, requesting everyone to give some inputs on the same and how does it benefit the employees and as well as employers.!
Please give some valuable opinion.
Yohan
HR
From India, Mangaluru
2We are planning for medi-claim insurance for our employees, requesting everyone to give some inputs on the same and how does it benefit the employees and as well as employers.!
Please give some valuable opinion.
Yohan
HR
From India, Mangaluru
Dear Yohan,
A group medi-claim policy subscribed by the company is equally beneficial to the employees and employers.
Employers bears the cost of the premium on the employees and medical benefits are enjoyed by the employees in the form of Cashless Treatments / Medical Expenses Reimbursements (as per the terms & condition of the policy availed)
Employees benefits by not spending on the hospitalized expenses
The entire process is coordinated by the employer through a third party agent (TPA) who is responsible for issue of ID Cards, authorization of treatment and claim of reimbursements.
Employer benefits by securing the Medical needs of its employees.
hope the info is clear !!
From India, Mumbai
A group medi-claim policy subscribed by the company is equally beneficial to the employees and employers.
Employers bears the cost of the premium on the employees and medical benefits are enjoyed by the employees in the form of Cashless Treatments / Medical Expenses Reimbursements (as per the terms & condition of the policy availed)
Employees benefits by not spending on the hospitalized expenses
The entire process is coordinated by the employer through a third party agent (TPA) who is responsible for issue of ID Cards, authorization of treatment and claim of reimbursements.
Employer benefits by securing the Medical needs of its employees.
hope the info is clear !!
From India, Mumbai
For employers: It allows them to benchmark their benefits as per industry standards and also takes away the financial risk to employees in case of hospitalization. Quite often you would also see long time employees coming to management of expecting the company to help them out in such cases. Its a good attraction and retention tool in SME's.
For the Employee: It help giving a reassurance that they have a cover in case something were to happen to them / their family which leads to heavy expenses in a hospital.
Do let me know if you need any further information
Regards, Deepak
From India, New Delhi
For the Employee: It help giving a reassurance that they have a cover in case something were to happen to them / their family which leads to heavy expenses in a hospital.
Do let me know if you need any further information
Regards, Deepak
From India, New Delhi
A pvt ltd firm takes mediclaim policies from LIC of India for their 35 nos of employees in their name, but premium paid by company cheque. Is possible to adjust the premium amount in company expenses for income tax purpose. Is it admissible. if so any income tax act number..
From India, Madurai
From India, Madurai
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.
Workers parents can get claim under Employees Compensation Act - Madras HC.pdf
Death while in service letter for pf death claim.docx
PF Death case Composite Claim Form No 20,10D & 5IF.xls