Wednesday, 14 February 2018

Health insurance myths and realities in India

In the midst of critical diseases in the world, we all are trying to live better. However, to give you relief, there is a particular policy that can not only cover your surgical and medical expense in adulthood but will also continue to do so even when you are fighting to keep your grey hair black. The senior citizens health insurance will be there for you if you need to be supported financially when your body fails to earn your livelihood.

It is always unknown to you when you may be exposed to adversities of life that can lead you to be admitted to hospital for days. The uncertainty and fear of the unknown can make you lose your night's sleep, and you may fall sick. Due to these reasons, a health insurance is a wise thing to invest in while you are own 20's.

What is precisely Health Insurance of Senior Citizens?

When your hair starts greying, or your body becomes fragile, you may find yourself to stand alone with no financial backup for undergoing the medical surgery you need. The senior citizen health insurance can be exceedingly useful when you hit age bar of 60 without proving yourself medically unfit. Through this policy, you can get consultations from healthcare professionals whenever the need arises and enjoy your life like before without stressing.

Myths of Health Insurance for Senior Health Insurance Debunked

As you should not judge a book by its cover or a movie by seeing casting members, you should not presume the facilities of senior citizen health insurance scheme even before getting one. Here are few misconceptions of people about the senior citizen health insurance that need to be resolved at once,

Many people often assume that senior citizen health insurance plans need to be renewed every often as you use it more often than you have used your health insurance. This is entirely wrong because you are offered the lifetime renewal with health insurance for senior citizen in India.

You might have led a healthy life with zero diseases in medical history that often made you think you would die peacefully. However, this is not the real scenario most of the time as you can be a victim of critical diseases in your old age for that senior citizen health insurance is highly needed.

Thinking of opting for the senior citizen health insurance premium only when you are in your 60s will not be a foolish thing to do. You should make proper plans for senior citizen health insurance so that you get full coverage when you are eligible to use the policy.  

While deciding on the senior citizen health insurance policy, you may think your habit of smoking and drinking alcohol will restrict you getting one. However, do not invest time on such thoughts as you are eligible to opt for senior citizen health insurance online with any habit. The main reason is that no medical test is done prior your request for the policy.

Unbelievable Benefits  

The benefits of the senior citizen health insurance are so significant, in truth, that your life expectancy will get increased a little out of your happiness. 

     Coverage for Medical Expenses - Whether your parents are admitted to a hospital for 24 hours, the entire medical expenses are covered including the bed charges and medical fees of the healthcare professionals. Apart from, including the nursing fees, senior citizen health insurance India covers the expenses on the medicines as well.

     Transportation Charges are Taken Care of - You may be wondering the senior citizen health insurance only covers the amount that took place within the hospital premise; however, the amount you needed to pay while reaching to the hospital is also included. From the ambulance charges of being admitted to the hospital, the policy is helpful on a large scale.

     Coverage of Critical Illness - Another thing you find yourself thinking that you may not get coverage for day-care costs. However, this is not true if you are undergoing critical illnesses like cancer and you need chemotherapy or dialysis, then the daycare charge will be taken care of by senior citizen health insurance.

Why Compare this Health Insurance?

As the senior citizen health insurance rates vary from policymaker to policymaker, you need to go for a compare check for getting the insurance at the lowest premium. There are many policymakers that give offer the policy at 46 years old or 60 years old. In order to get unique benefits, at the earliest possible, comparison of senior citizen health insurance is needed.

You should understand why the insurance is beneficial at the wintry stage of your life and the value of comparison of senior citizen health insurance before rushing to get one. Moreover, while comparing the policies, you will get to know that only the specific diseases are covered in the policies. So it is needless to say before getting insurance, read all the terms and conditions thoroughly.

Tuesday, 13 February 2018

How You Benefit by Offering Health Insurance to Your Employees

The performance of a company or business depends on how efficiently it utilizes its resources. The primary focus is always on minimizing the expenditure and maximizing the output. Employers spend considerable time and attention trying to reduce their current functional costs and preventing future expenses. Makes you wonder why even small companies with less than 50 employees have started offering health insurance to their employees, doesn’t it. Why offer the employees a health insurance policy when you’re not even legally required to, shouldn’t you be looking to avoid the extra spending instead? The answer’s pretty straightforward--Because it benefits you as well, perhaps way more than it benefits your employees! Here’s how:

Providing health coverage to employees sends a significant, positive message
You care – that’s what you’re essentially telling your employees when you offer them these additional benefits. You have no obligation to your employees’ personal health, and yet, here you are, taking a significant step to aid the same! Your action tells the employees that they belong and is one of the simplest ways of improving job satisfaction. It also helps boost their morale and increases their faith in your organization. And it’s not even hard, not at all! With so many great health insurance policies on the market, finding one that’s affordable and suits your company’s profile is pretty straightforward.

It helps increase productivity and profit
Providing these additional benefits is healthy for your business too, with recent studies confirming that it helps improve the employees’ overall productivity. Happier employees are synonymous with better output. And with a health insurance policy there to take their mind off health concerns and related expenditure, all employees dealing with health issues can readily seek remedies instead of continuing to work at below par capacity. A lot of health insurance policies provide the facility of preventive care. 

The regular medical checkups not only keep individual employees in good spirits but can also prevent the spread of communicable diseases and infections that, in worse case scenarios, can bring your business to a standstill. In all, by this one single move, you’re working towards improving your workers' performance levels, directly increasing your company’s productivity, as also the profit it makes!

It helps beat the competition and attract the best employees
These are competitive times, both for job seekers as well as for employers! You want the best new hires to want to work for you; you have to work to attract them. And job seekers no longer just look at the salary offered, but seek an excellent overall package complete with added benefits. With the cost of quality medical treatment rising exponentially over the last few years, you’re raising your company’s appeal several notches by including the benefit of an employee health insurance policy in your offer.

It helps retain the good workers in your organization
An employee working for you today isn’t necessarily an employee that will still be working for you by the end of the year, or even by the end of the current month! Good employees can always find better jobs. If your employees aren’t being covered by a health insurance policy right now, a company that does offer the same is apparently a more promising option for your employees. One of your primary tasks, as an employer is to make sure your workers don’t start to feel that the facilities you offer are insufficient. With more and more business units choosing to buy health insurance policies for their employees, it’s essential you follow suit to avoid losing out your best talent to the competition.

Acting now will prevent possible complications in the future
The current government regulations require all employers with 50 or more full-time employees on their active roster to provide them with a minimum level health insurance policy. It’s very likely that future amendments render providing these benefits a must, even for small businesses. It’s only smart to act now, with time by your side and so many fantastic employee health insurance plans to pick from than face hassles later on.

It can give you useful Tax benefits
That’s right; you can actually avail specific tax benefits in the act of covering for your employees’ well being! When your company is providing this cover, you can deduct the full value of the cost of their health insurance policy as a business expense. If you are a small business with less than 25 full-time workers, you have the opportunity to buy a small group health insurance policy and avail a tax credit.

When you’re choosing to provide health coverage to your employees, you’re offering them a very real, very practical benefit, the importance or appreciation of which won’t be lost to them. Regarding business, it’s a smart, strategic move that sets your employees, as well as your company up for a satisfyingly productive future.

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Tuesday, 6 February 2018

Shriram General Insurance Features

Having insurance is a common thing these days. Before buying one just compares all the policies for better coverage. After selection one purchase Shriram General Insurance to protect every asset one possesses.

 If one has assets, then one would need protection for those from damages. Any damage to asset means it will take a toll on the financial part of a person. This is why one purchases General Insurance for appropriate protection.

There are various features of Shriram general insurance. One requires keeping those in their head before buying anything. Once this is sorted purchasing the appropriate insurance is not a problem at all. 

Various Protection Provided By Shriram General Insurance

The amount of coverage provided by Shriram General Insurance is enormous.  This is why people have the tendency to go for such excellent coverage plans. The coverage for different things is a need which every person needing insurance has in this world.

The various types of general insurance provided by plans of Shriram general insurance. So one must choose carefully to protect all of their investment.

Types of Shriram General Insurance

The types of policies provided by Shriram General Insurance is discussed below. This will help you in selecting all the correct insurance. These insurances are a lifesaver which allows one in when they need financial support most.

So in here, we will talk about motor insurance, house insurance, accidental insurance, etc. These three are the leading insurance which is provided by firms.

Motor or Vehicle Insurance

According to the government, this insurance is must for people who own a vehicle. Shriram General Insurance protects the owner from all damages related to cars. It provides coverage against:

     Car damage due to an accident
     Protection against any liability
     Protects car from disasters be it man-made or natural

There are different types of motor insurance for different types of vehicles. Separate policies are there for an individual for four wheeler cars, two-wheeled vehicles, and commercial vehicles. One can choose Shriram general insurance plan according to the type of vehicle.

Insurance Policies For Houses

Houses always have significant worth. This is why one should always get Shriram General Insurance for their home. It is the best way to keep that asset protected at times of distress.
Since it is an individual's ultimate treasured possession, it should have protection. Proper coverage can be given by having Shriram insurance schemes. So go through various protection plans to have the best one.

House insurance covers accidental damage to a house. It is protected against several disasters like flood, storm, burglary, earthquake, etc. It includes the house as well as the items inside the home.

Accidental Insurance For Individual And Group

In many ways, there is no certainty of life. So one tries to protect the future by having Shriram General Insurance. In times of uncertainty, insurance is what will go beyond your expectation to help you.

Accidents do take place anywhere and everywhere. House, roads, parks, etc. wherever accidents can happen. To protect one from such misfortunes, one needs Shriram insurance general policy.

There are four types of policies which one can have:

     Individual Plan
     Family or Group Floater Plan
     Surgery Cover
     Comprehensive Health Plan

One can choose whichever seems most appropriate to him. There are also other insurances which cover the rest of the assets. Those are also discussed in short.

Protection Against Fire Policy

Fire is a destructive element which can wreak havoc on people's  lives. This is why security against it is essential. Shriram General Insurance also has various opportunities which one can grab by purchasing a policy. Some policies are:

     Standard Fire Plans
     All Risk Industrial Policy
     Profit Loss for Fire Plan

To have complete protection from fire choose insurance from Shriram after careful comparison. 

Construction Insurance For Financial Safety

Construction sites are dangerous places. That is why Shriram General Insurance brings various policies for such purposes. It helps in covering the financial loss if any misfortunate events take place.

Certain Policies are:

     All Risk Contractors Insurance Plan
     All Risk Erection Insurance Plan
     Insurance for Electronic Equipment
     Coverage for Machinery breakdown
     Machinery and Plant Insurance

Along with these, cargo insurance plan is also provided for people looking for marine protection. So pick wisely when looking for schemes from Shriram policies.

Best Liability Plans 

Liability might occur any moment. So one should cover it beforehand by having Shriram General Insurance. Some of the plans under it are:

     Professional Indemnity
     General Commercial Liability
     Product Liability
     Act of Public Liability
     Workman Compensation Policy

There is a number of schemes available. An individual needs to go through various Shriram plans of general policy.

So compare before purchasing any schemes. Once sure about a plan then pay for Shriram General Insurance. 

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