People have become concerned about health more.
Most organizations want their employees to feel secure and safe. One way is group health insurance for corporates.
Besides providing good pay and safe and hygienic work environment, corporations are also providing group health insurance.
This insurance not only provides coverage to employees but also to their family.
Premium is lower and affordable. Group health insurance plan make employees feel more valued and helps in retaining employees.
Group health insurance provide coverage for medical expenses, but company that offers group health insurance plans does something more.
It boosts morale of employees. It gives an assurance that company thinks for employees and is willing to help employees when they are in need.
1 ) Its coverage is limited because of sub-limit. There is probability having it may not provide complete coverage. 2 ) It covers all employees in organization under same protocols, customization prospect are not there.
3 ) This policy is valid only for certain period of time. 4 ) Company may reduce health insurance coverage as per their choice. 5 ) In case company fails to pay premium, policy may stand cancelled.