Accidents, sicknesses, and emergencies are all common dangers that face us on a daily basis. This demonstrates how financial difficulties are not far from emergencies, especially with the continuously rising healthcare and hospitalization expenditures. You can offer your members or staff the advantages of a flexible health insurance plan that can be tailored to your needs with the help of the Liberty General Group Health Insurance Policy. Your staff can be covered by a single insurance under this one-year renewable contract.
The various group insurance policies that are offered in India are shown here.
- Group Medical Insurance Coverage
- Collective Personal Injury Insurance
- Insurance for group pensions and superannuations
- Employee Group Deposit Insurance (EDLI)
- Insurance for workers’ compensation
- Travel Insurance for Groups
- Insurance for General Liability
The nominee may submit a claim to receive the sum promised in the event of the employee’s untimely death by taking the following actions:
- Inform the insurance provider as soon as you can, ideally within 24 hours.
- Send the insurance provider the required documentation, such as a copy of the policy and the original death certificate.
- When these documents are presented, the insurance company will review the information and, if the claim is authorised, will settle as necessary.
Following receipt of the necessary paperwork for filing claims, the business will contact the TPA or insurance provider, which will designate a surveyor to assess the situation. Within 7 to 10 days of the date of receipt of the paperwork, if they are pleased with the claim, they will send the money to the recipient through the organisation.
Group Health Insurance
A kind of health insurance plan known as group health insurance provides coverage for a number of individuals who are employed by the same company. Given that the business pays the cost, this is frequently provided as an useful benefit to employees. In some circumstances, the employee’s family may be covered by the group insurance. The terms “business health insurance” and “employee health insurance” are also used to describe this insurance programme.
What is not included in this:
Pre- and post-natal costs
Unless they result in the employee’s or their spouse’s hospitalisation, prenatal and postnatal medical costs.
Waiting Period for PED
If you have a pre-existing condition, you cannot submit a claim for that condition or illness until the waiting period has passed. However, there is a PED waiting time waiver if you want to insure more than 50 members.
hospitalisation without a physician’s prescription
Any illness your employee is admitted to the hospital for that is not included on the doctor’s prescription is not covered.
only one cover receives COVID treatment.
If you simply choose COVID insurance, therapy won’t be available until the insured person has received a positive test result from a facility that has been approved by the government.
Prior to the initial waiting period, claims
There is a 15-day initial waiting time for covid-related claims. Before the completion of the same, claims made cannot be covered.