Most of the companies also provide various types of insurance cover to their employees. But many people do not know about the benefits of these policies. Here we are telling you about some of the benefits of the health cover provided by the company.
In the last few times, the trend of buying health insurance policy has increased a lot among people. At the same time, their number has increased rapidly since the Kovid-19 epidemic. Now people have started focusing on health cover by themselves. Most of the employed people are provided with an insurance policy by the company. In such a situation, it is important for you to understand that what are the benefits of the insurance policy provided by the company?
However, there are many problems in claiming health insurance. Therefore, now the focus has also increased on making health insurance more accessible. But for this first you have to be aware about the benefits of insurance. Today we are telling you some such things about group health insurance, about which people often know less.
Take care of the waiting period of the insurance policy
Pre-existing diseases are covered in most health insurance policies after a waiting period. This waiting period can be up to four years. At the same time, maternity benefit is also not available in the initial years of the policy. This thing should also be taken care of. However, most corporate policies offer insurance cover to all employees from day one without any waiting period.
Flex-Benefit Group Medical Cover Plan
The company gives you group insurance cover but the needs of all people are different and keep on changing. Keeping this in mind, insurance companies also provide the option of customizing the policy as per the requirements of an organization based on the size, type of business etc. In addition, flex-benefit group medical cover plans come with options like covering parents or other dependents with additional premium.
Option to convert the policy into Individual Insurance
In the insurance policy provided by the company, many plans also provide the option to convert the policies into individual insurance plans. For this you have to pay Reasonable Conversion Fee. Its biggest advantage is that your accumulated benefits never expire. The policyholder gets the option of continuing the insurance cover even after changing the company or retirement.
Allopathic treatment option also
Insurance plans offered by corporate companies now also provide the option of allopathic treatment to give full benefits of insurance to the employees. Some policies also cover alternative treatment options like Homeopathy, Ayurveda, Unani, etc. However, for this certain conditions like network hospital, sub-limit or co-payment may apply as per the plan.
