Health insurance policy is provided to most of the employed people by the company. But due to lack of information, many people are not able to take full advantage of it even when needed. Therefore, it is important to understand what you get with the company’s health insurance.
In recent times, people’s perception regarding buying health insurance policy has changed a lot. At the same time, after the Corona epidemic, the number of people purchasing health insurance policies has increased rapidly. People take health insurance keeping their own health in mind. Most of the companies provide insurance policies to their employees. But there are many people who are not aware of its benefits.
If you are not aware about all the benefits of health insurance policy, then you may face many problems in making the claim. Therefore, here we are telling you some things about the company’s group health insurance about which many people do not know.
Option to convert into individual insurance:
In the insurance policies provided by companies to their employees, many plans also provide the option to convert the policy into an individual insurance plan. However, for this you have to pay some conversion fees. But its advantage is that by doing this you can avail the benefits of the policy throughout your life. This gives the policyholder the option to continue the insurance cover even after changing companies or retirement.
It is important to pay attention to the waiting period in health insurance.
Most of the corporate policies provide insurance cover to all the employees from the first day without any waiting period. But many times pre-existing diseases are covered in health insurance policies after a waiting period. Its duration can be up to 4 years. At the same time, maternity benefits are also not available in the initial few years of the policy. Therefore, employees should be alert about these things.
Option to customize the policy:
The company provides group insurance cover to its employees, but everyone’s needs are different and they also keep changing. Therefore, insurance companies also give the option to customize the policy as per the needs of a company based on size, business etc. There are also options like Flex-Benefit Group Medical Cover Plan to provide cover to parents or other dependents with additional premium.
There is also the option of Ayurvedic treatment.
The insurance plans provided by the corporate companies now also provide the option of allopathic treatment to provide full insurance benefits to the employees. Some policies also cover alternative treatment options like homeopathy, ayurveda, unani, etc. However, according to the plan, some conditions like network hospital, sub-limit or co-payment may be applicable.
