Employees look for the benefits or perks offered by any organisation while joining it. One such perk is the group health policy. This not only boosts the employee morale but also covers them and their families in unanticipated medical situations.
TATA AIG offers various business insurance plans, including group health insurance, that are customised based on your organisation’s needs. Let us understand in detail about TATA AIG’s group health insurance for employees.
Understanding TATA AIG Group Health Insurance
TATA AIG group health insurance policy offers comprehensive medical coverage to a group of people. Organisations typically purchase this plan to offer medical coverage to their workforce.
Under the group health insurance for employees, various medical emergencies are covered, such as hospital stays, doctor visits, prescription medications, surgeries and more. The plan also covers preventive medical care such as routine check-ups, screenings and vaccinations.
The purpose of the group health policy is to offer the necessary medical care to the employees in their hour of need.
Reasons for Choosing TATA AIG Group Health Insurance for Employees
There are various benefits of purchasing health insurance for employees in small businesses and organisations. Some of the benefits are listed below:
Comprehensive Medical Coverage
One of the main benefits of employers purchasing group health insurance is that it offers comprehensive medical coverage to their workforce without a pre-medical examination.
Under the plan, employees are covered for various medical scenarios such as doctor visits, hospital stays and more.
Furthermore, employers have the flexibility to extend maternity coverage if they want to, based on the policy terms and conditions.
Boost Employee Morale
Another reason for choosing a TATA AIG group health insurance policy for employees is that it helps boost their morale.
When employees know they are well protected and secured against various medical emergencies, it gives them confidence and satisfaction. This further helps boost the mental well-being of employees, which impacts productivity positively.
Better Job Retention
Another reason to buy a group health insurance plan with TATA AIG is the better job retention rate.
When employees know they are valued or cared for in an organisation, they are less likely to leave. This saves the organisation a lot of money, which they would otherwise spend on hiring and training new employees.
Cost Effective Plan
Most organisations opt for group health insurance plans because they are cost-effective compared to individual health insurance options. These plans tend to be more affordable, as the risk is spread across a larger pool of employees, which helps lower overall premiums.
By insuring a group rather than individuals, insurance companies can offer better rates and benefits. Additionally, many employers may cover a significant portion of the premium, further enhancing the financial advantages for employees.
Customisation Benefit
Another benefit of purchasing a group health insurance policy with TATA AIG is that it offers customisation benefits to the employer.
Employers can tailor their group health insurance policy based on their business requirements and needs. This customisation helps them choose the plan that offers essential coverage to their workforce and fits their needs.
No Waiting Period
Individuals also need to consider the waiting period when choosing a health insurance plan. This simply means that even after purchasing an individual health insurance plan, policyholders cannot avail themselves of the benefits for a stipulated time frame.
However, with a group health insurance plan, policyholders need not to wait for a waiting period. These plans do not have a waiting period, even for pre-existing diseases. Employees can file a claim even on day one of purchasing a health insurance plan.
Hassle free Claim Process
The claim settlement process is a crucial factor when choosing a health insurance plan. TATA AIG stands out by offering a hassle-free claim settlement service, ensuring that policyholders receive the support they need during critical times.
With over 650 claim experts available, TATA AIG provides top-notch assistance, guiding policyholders through the claims process efficiently and effectively.
Conclusion
In these uncertain times, where the cost of medical treatment is skyrocketing, having medical security has become essential. As a result, businesses increasingly seek group medical insurance policies for their employees.
These plans not only enhance the organisation’s reputation by demonstrating a commitment to employee well-being but also contribute to increased productivity and morale among staff.
TATA AIG offers a range of business insurance solutions, including customisable group health insurance policies tailored to meet the unique needs and budget of each business.
