A survey by Watson Wyatt, a global consultancy firm, has found that many Indian companies are offering health coverage to employees in order to retain them. The Health Care Benefits survey also said that some companies use health coverage as a means to minimize losses arising out of employee health issues.
The survey was mainly conducted in the private sector and included 125 of India's largest employers. The latter were from all areas of the industry and had a turnover of Rs 400 crores on an annual basis.
Health Insurance
Health insurance has emerged as one of the fastest growing segments in the non-life insurance industry with 30% growth in 2010-11 with annual premium collections being over Rs 6,000 crores.
Health insurance has emerged as one of the fastest growing segments in the non-life insurance industry with 30% growth in 2010-11 with annual premium collections being over Rs 6,000 crores.
The survey found that almost 41 per cent of the companies "use health care cover as a talent attraction and retention tool, while 11 per cent use it to minimize losses arising out of employee health issues." Furthermore 58 per cent of the companies surveyed did not deduct any premium costs out of employee salaries.
The survey also found that just 17 per cent of the companies were offering post-retirement medical benefits to their employees.
Fraudulent Health Insurance Claims
To educate the public regarding hazards of committing fraud in healthcare insurance claims and its implication on the economy.
To educate the public regarding hazards of committing fraud in healthcare insurance claims and its implication on the economy.
Source-Medindia
RAS
Health Insurance
Health insurance guarantees payments to a person in the event of sickness or injury.and works as protection scheme
Health insurance guarantees payments to a person in the event of sickness or injury.and works as protection scheme
Premium Calculation by Health Insurance Companies
This article gives an insight as to how healthcare insurance policy premiums are collected by Insurance companies which will be useful for any layman.
This article gives an insight as to how healthcare insurance policy premiums are collected by Insurance companies which will be useful for any layman.
