Most Popular News on Medindia


Nasscom Ties Up With Oriental Insurance to Provide Health Insurance to IT Sector

by Lakshmi Gopal on  April 05, 2012 at 2:02 AM Health Insurance News   - G J E 4
Nasscom has allied with Oriental Insurance to create a health insurance plan for 2.5 million IT industry employees.

This was reported by
 Nasscom Ties Up With Oriental Insurance to Provide Health Insurance to IT Sector

A first of its kind initiative by an industry body, Nasscom TechieHealth Plan will substantially bring down the cost of providing insurance, especially for small and medium businesses (SMBs).

Insurance premiums are lower when more people are part of a plan. The scale of the IT sector makes it easier to involve a huge workforce.

Over 200 companies have already committed to join the plan, said Nasscom. It proposes to target 1,000 SMBs under the scheme in 15 months.

The plan offers 30% to 50% cost savings for companies with up to 100 employees and will have a cover of up to Rs 3 lakh for employees, their spouses and children.

There are different kinds of plans, and the cost of the plan for a 100-employee company would vary between Rs 1.5 lakh and Rs 9.5 lakh based on the plan.

The employees will not have to pay any premium unless they want to top up the plan for more benefits. Depending on the plan, 3 to 7 family members will be covered. The plan is fairly comprehensive, covering even pre-existing ailments, maternity and new borns.

Insurance broking company Medimanage and third party administrator Mediassist will also be involved in implementing the scheme.

Post your Comments

Comments should be on the topic and should not be abusive. The editorial team reserves the right to review and moderate the comments posted on the site.
User Avatar
* Your comment can be maximum of 2500 characters
Notify me when reply is posted I agree to the terms and conditions

Ask an Expert

If you have a question about health related issues, you can now post it in our Ask An Expert section on our community website and get answers from our panel of experts.

Ask an Expert

Ask an Expert+
Consistent Health Insurance Status Makes Emergenc...
 Consistent Health Insurance Status Makes Emergency Room Visits Less Frequent, Says Study
S Research Points to New Treatments for Eating Disorders and Obesity
Research Points to New Treatments for Eating Disor...