How Much Does A Group Health Insurance Cost And How Does Vital’s Medical Insurance Plans Help To Overcome It?

1. How Much Does a Group Health Insurance Cost and How does Vital’s Medical Insurance Plans help to Overcome It? With an increasing number of companies offering medical insurance coverage to their employees, the demand for Group health insurance is rising steadily. So has the number of plans one can choose from. A variety of health insurance companies have come up offering group health insurance plans, each company with their own benefits. Why do you need a group health insurance plan? Currently, ailments are becoming more and more common due to the evolving lifestyle. A health insurance is more like a necessity now, rather than an optional backup plan. This is because over the years, the medical costs have skyrocketed too. For instance, a heart bypass surgery is quite difficult for an average household to afford if the patient isn’t insured. The major companies, especially in the modern corporate sector, offer their employees health insurance cover for a number of reasons. •Employees falling sick to major ailments can incur losses for the company. Having an insurance plan as backup can help them recover sooner. •It helps to build a good relationship with the employees. The employees would feel satisfied and content to know that they work for a company which cares about them. •Such a group medical insurance plan acts as a bonus or perk. Such perks are given to the employees as incentives to encourage them to continue working for the company. •Such insurance plans also help the companies with recruitment. It is easier to recruit quality employees when the package includes such perks. Even for mid-sized companies, it is advisable to opt for an employee insurance plan. The leading insurers like Vital offer a variety of options in this category. How affordable is a group health insurance plan? LIFEFRONT COVER PRIVATE LIMITED Plot No. 9, Okhla Industrial Estate, Near Modi Flour Mill, New Delhi – 110020, Email: care@getvital.in Phone: 01141171787 https://getvital.in

2. If you consider the per-head cost, a group health insurance is certainly cheaper than individual insurance. However, you would have to keep in mind that when providing your employees with a group health insurance cover, you would have to pay for all of them. Collectively, it can add up to quite a hefty amount. This depends on a number of factors though, such as the number of employees covered, insured sum, additional benefits, etc. For example, a plan covering pre-existing conditions can be much more expensive than one which doesn’t. Is there any way to overcome the high costs? The easiest way to avail a group health insurance plan without facing a heavy burden is to opt for a monthly EMI option. The best insurance providers allow the policyholders to pay up in small instalments. Vital, for example, offers a wide variety of EMI options and payment plans. You may explore their plans and choose one which is pocket friendly for your company. These plans are quite affordable and perfect for businesses of various scales. How to choose a good health insurance plan? There are several factors which you may take into consideration while choosing your insurer and insurance plan. This would ensure a hassle-free experience for you and your employees alike. Some of the main factors to consider are: •Ease of access, such as mobile apps •Ease of claiming the insured sum •Reputation of the insurer •Benefits included in the plan Vital has emerged as one of the good options for companies seeking such insurance plans. On opting for a group medical insurance policy from them, you would enjoy benefits like: •Health and nutrition classes •Wellness packages •Maternity and IVF packages •Up to 50% off on certain tests and treatments •Coverage of a wide variety of expenses Thus, although a group health insurance might be costly, you can make it more affordable by choosing the right insurance plan. It is recommended to carry out an in-depth research on your options before making the final decision. LIFEFRONT COVER PRIVATE LIMITED Plot No. 9, Okhla Industrial Estate, Near Modi Flour Mill, New Delhi – 110020, Email: care@getvital.in Phone: 01141171787 https://getvital.in