Generally, groups with a large fleet are able to negotiate well with insurers and get a good dealGroup policies are not renewable for life
2 min read28 Apr 2019Group insurance plans are cheaper as the risk is spread over a large group and the premium is generally borne by employerGroup health plans cannot be customised according to the needs of a particular individual or family
2 min read20 Apr 2019In a group policy, insurers allow the employer to decide whether the beneficiary would be the company or the employee’s nomineeSection 80D allows deduction on premium paid for health insurance
2 min read8 Apr 2019To make a death claim, you will need to submit the death certificate issued by the municipal corporation, along with the original policy documents
2 min read28 May 2018Under the recent rules on nomination, a friend will not be a beneficial nominee. A beneficiary has to be a family member or a specified relative
4 min read12 Feb 2018Most insurers define family as self, spouse and up to two children; some may allow you to cover even parents and in-laws
3 min read28 May 2017The regulator permits groups other than employer-employee groups to also buy group cover
2 min read17 Nov 2015Employers are unaware of the way the cost is expected to rise in the next few years
1 min read25 Aug 2014Make sure the contractual nature is declared to the insurer
2 min read3 Jun 2014Your best option is to be covered by group medical insurance.
2 min read23 Apr 2013The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared