Starting Business after Lockdown How you can Buy Health Insurance Online for Employees
Various State Government has mandated to take Medical Insurance / Health Insurance for Employees before starting business post lockdown restrictions are over
As per recent government mandate all industrial and commercial establishment work places, shall put in place arrangement for implementation of standard procedures (SOP) before starting their functioning. As per clause no 5 of Annexure II of the SOP for offices, workplace, factories and establishment medical insurance for workers is to be made mandatory.
A Sole Proprietor or Company has to mandatory take Health Insurance for all working employee and Director of the Company. Even in case you have one employee being a sole proprietor you need to adher to the guidelines of central and state government and take health insurance.
The question come which plans are Best and Easily available online, where you can pay the premium and start your business with all Medical related compliance direction given by state government and central government
First you need to identify how many employees are currently there in your organisation, less than 10 or more than 10, depending upon the number you can chose the policy. As in case you have less number of employee assume less than 10, then it is advisable to go online and buy the insurance plan online, as individual plan for each employee would be chepaer. Incase you have more than 10 employees it is advisable to buy group plan as Insurance company will give you better & cheaper option your business
The Article is divided into two parts first how to buy online health insurance for business having less than 10 employees.
Plans for Business having less than 10 Employees
For Individual Employees and other people this are the approx. premium calculations of Top few insurance companies providing health insurance for individuals
|Company Name||Religare||Manipal cigna||ICICI Lombard||HDFC ERGO||Tata||Apollo (Now HDFC Egro)|
|Plan Name||Super Saver||Pro health Protect||i health||health suraksha||MEDICARE||Optima Restore|
|Approx Premium for 3 Lakhs Coverage Age 35||Rs 5,779||Rs 6,300|| Rs 10,000|
5 Lakhs Cover
|Rs 6,859||Rs 4,525||Rs 7,296|
|Sum insured||3 to 4 Lakhs||2.5 to 50 Lakh||5 to 50 Lakh||3 to 75 Lakhs||3to 20 Lakh||3to 50 Lakh|
|Hospital Room Eligibility||1% of SI per day||For SI 2.5 to 5.5 only single PVt room ansd in other Covered up to any Room Category except Suite or higher||No Capping||No Capping||No Capping||No Capping|
|Bonus on No Claim||10% increase in Sum Insured (max 50% and 10% decrease in case of claim)||Guaranteed 5% increase in SI, max. upto 200%||10% every claim free year up to max. of 50%.||10% in silver , gold maximum 100 and 25% in platinum up to 200%||50% every year, Max 100%||50% increase in Sum Insured (max 100% and 50% decrease in case of claim)|
|Maternity||Covered after 4 years||Not Covered||Add On (Pay Extra Premium)||Not Covered||Not Covered||Not covered|
|Before Hospitalization||Up to 30 days||60 Days||30 Days||60 Days||60 Days||60 Days|
|After Hospitalization||Up to 60 days||90 Days||60 Days||180 Days||90 Days||180 Days|
|Day Care Treatments||Yes ,2 years waiting – harnia, piles, knee replacement, cateract, stone||546 Day care Procedures||150 Day care Procedures||586 Day care Procedures||541 Day care Procedures||All Day care treatments are covered|
|Hospitalization at Home||Upto 10% of SI , Minimum 3 days required to admit||Treatments done at home due to patient condition or unavailability of hospital bed are covered upto sum insured with 30 Days of Pre and Post Hospitalization||Not Covered||Covered up to sum insured||Covered up to sum insured||Covered up to sum insured|
|Alternate Medicine||Up to Rs 15,000 for utilizing AYUSH||Covered up to sum insured||Covered up to sum insured||Covered up to sum insured||Covered up to sum insured||Not Covered|
|Restoration of Cover||Covered, Upto 100% of SI but Not for same person and same illness in the same policy year||Covered, Upto 100% of SI but Not for same person and same illness in the same policy year||Covered, Upto 100% of SI but Not for same person and same illness in the same policy year||Covered, Upto 100% of SI, for same illness for same person in the same policy year||Covered, Upto 100% of SI, for same illness for same person in the same policy year||Covered, Upto 100% of SI, for same illness for same person in the same policy year|
|Pre Existing waiting Period||4 Yrs||4 Yrs||2 Yrs||3 Yrs||3 Yrs||3 Yrs|
|Ambulance Charges||Rs.1,500/ hospitalization||Rs. 2000 per|
|Rs. 1500 per|
|Plan Silver 2000, Gold 3500 and sum insured 20 to 50 lakh -3500, >50 Lakh – 15000||Rs. 3000 per|
|Rs. 2000 per|
|Worldwide Emergency||Limited||Assistance provided outside India upto SI||Not covered||Not Covered||Covered, Detection point should be In India||Not Covered|
|Domestic Evacuation||Not covered||Not covered||Not covered||Covered||Not covered||Not covered|
|Health Checkups||Yes, all members Once every year||Health checkup offered Every 3rd Policy Year||Annual, Maxium 2 persons||Annual||Every 2 consecutive claim free year and Upto 1% of S.I or max Rs. 10,000||Up to Rs 2,500(Rs 1,500 for Individual) at 2 yrs end|
Step wise process to take Insurance Online as it has simple and easy to do by self – You can contact Health Planner Mr Tejas Parekh at 9819642312
We have chose Religare Insurance because it is easy to take insurance online and their Health Planner is also available for online help at the time of buying Medical Insurance for Self or Employee. It just takes 5 steps and 10 minutes to buy insurance online
Step 1 Click on https://www.religarehealthinsurance.com/hp/pauravitejasparekh
Step 2 : Slect Plans and Read all the Options available to chose from
You will see following Screen
Step 3: Need to fill up all the details
Name of the plan, Email Address and Mobile Number, Select Age, Select Coverage Requirement and Number of Individuals
Step 4 : Need to provide all additional details like, Address,Age and Nominee relationship, Medical question answer
Step 5 : Answer four Health Questionnaire
a) Does any person(s) to be insured has any Pre-existing diseases
b) Have any of the person(s) to be insured ever filed a claim with their current/ previous insurer ?
c) Has any of your proposal(s) for Health insurance been declined, cancelled or charged a higher premium ?
d) Is any of the person(s) proposed for insurance covered under any other health insurance policy with the Company ?
You also have option to pay automatically from Credit card every premium so you cannot miss the deadline each year
Step 6: Once filled above details it will redirect to the payment gateway in which you have all the options to pay premium
Step 6 : Get Insurance policy online and also on your email Id once you make the payment.
For less than 10 employee this is best and cheapest way to buy online.
In case your business has more than 10 employees you can contact Health Planner Mr Tejas Parekh at 9819642312
Plans for Business having more than 10 Employees
For Individual Employees and other people this are the approx. premium calculations of Top three insurance companies for Male Age 30 to 35
|Insurance Company||Health Cover For Rs 50,000||Health Cover For Rs 1,00,000|
Following are features of Group Plans with Comparison
|Company Name||Religare||Manipal Cigna||HDFC ERGO|
|Sum insured||Rs 50k to 5 lac||Rs 50k to 15 Lakhs||Rs 30k to Rs 15 Lakhs|
|Covering||Self + Family ( 1+3)||Self + Family ( 1+3)||Self + Family ( 1+3)|
|Min Lives||10||10||Mim 7 Employees – Max 500 Employee|
|Min/Max Age entry||Min- 18 years and Max 60 Years||Min- 18 years and Max 60 Years||Min- 18 years and Max 60 Years|
|In-patient Care( Medical Expenses Cover)||Covered upto Sum Assured||Covered upto Sum Assured||Covered upto Sum Assured|
|Room Rent Limit and ICU Limit (Respectively)||2% & 4% of Sum Insured||1% & 2% of Sum Insured||1% & 2% of Sum Insured|
|Waiting Period||Waived off||Waived off||30 days waiting period applicable|
|Pre-Hospitalization & Post hospitalization Expenses||30 Days & 60 days Respectively||30 Days & 60 days Res[pectively||60 Days & 90 days Res[pectively|
|Day Care Treatments||Covered upto Sum Assured||Covered upto Sum Assured||Covered upto Sum Assured|
|Pre Existing Diseases||Optional||Optional||4 years waiting period applicable|
|Ambulance Charges||Rs. 1000/-||Rs. 1000/-||Rs. 1000/-|
|Maternity Expenses – Delivery( 9 Month waiting period in respect of maternity cliam waived off)||25000 for normal and 35000 for LSCS first two living children ony||Not Covered||Not Covered|
|Co – Pay||Optional||Optional||Optional|
|COVID cover||Available as Top up||Avialable||Available|
For Buying Group Plan you can connect to Health Planner Mr Tejas Parekh at 9819642312
Disclaimer : Faceless Compliance Private Limited / http://www.facelesscompliance.com (FC) have collated the information as available and do not take any responsibility or liability of the accuracy of data and facts. It is always advisable to contact health planner or expert and take advise.