Please help me with the policy which you follow for the Employee Group Medical insurance. Since last year, we had a huge claim on our insurance, which is 224%. We have got the quote from various insurance companies, which is 3 times higher than last year. Since the contribution we are receiving from the employees is minimal this year, we cannot ask them to pay more premium. My questions are:
1) Has anyone else come across this type of situation?
2) How do you handle such cases? Do you ask the employees to pay the difference, or do you, as the employer, take on the complete obligation of the premium?
Awaiting a response from all the seniors.
Regards, Maya
From India, Bengaluru
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11) Has anyone else come across this type of situation?
2) How do you handle such cases? Do you ask the employees to pay the difference, or do you, as the employer, take on the complete obligation of the premium?
Awaiting a response from all the seniors.
Regards, Maya
From India, Bengaluru
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Medical Benefit For Dependent Under The Employees State Insurance (Central) Rules,1950 Increased.pdf