Dealplexus

  Providing a group health insurance policy to small and medium enterprises (SMEs) in India is no longer considered a luxury but rather a basic requirement when it comes to talent acquisition and retention. While most SMEs tend to go with off-the-shelf plans from insurers, they overlook crucial fundamental negotiations, which might lead to coverage gaps and wasted benefits.      For a balanced cost and employee wellness framework, understanding how to optimise group medical insurance plans is vital for these organisations.      Untailored Group Health Insurance Policies: The Issue   Off-the-shelf group health insurance policies face several challenges, especially from the perspective of organising real-world employees. Some of the issues include:   - Capped maternity benefits   - Exclusions for pre-existing conditions   - Sub-limits on room rent or ICU charges   - No OPD or mental health coverage   - Unreasonably low pre...

  The Indian health insurance market is expanding at an unprecedented rate. This may be due to the increasing medical costs in India or the COVID-19 pandemic that made families think twice about their healthcare preparedness. However, with every new product being launched by insurance companies comes a plethora of new features, choosing the best medical insurance far more complicated than a simple comparison between premium and coverage.     High claim ratios and cashless claims offered by providers tend to induce hasty decision-making. But with evolving market conditions, discerning buyers are now looking further than the brochure—because when dealing with a health crisis, a policy document holds more value than a flashy advertisement.     Searching 'Best' In Indian Households     Seeking the best health insurance policy does not have a standard approach as it depends on one’s requirements, and who asks. A salary-earning millennial will need di...