Cite.Co is a repository of information created by your industry peers and experienced seniors sharing their experience and insights.
Join Us and help by adding your inputs. Contributions From Other Members Follow Below...
Even though mediclaim policy is not a mandatory requirement in any organisation, it is better for any organisation to have mediclaim policy for their employees including dependents in the interest of any unpleasant happenings. There are various categories of mediclaim i.e. Family floater scheme, Group mediclaim policy. If you are intersted, you may contact the nearest insurance agency for further details.
PVVB.Kumar
Officer - HR & Admn

Dear Dev,
As you have by now come to know that it is not mandatory. I would suggest to keep a medical reimbursement component in the CTC Structure which is Tax exempted upto 15000 per annum. Only if the original medical bill are submitted. This reimbursement is widely accepted amongst the employees. & apart from this you can also avail for a Group insurance plan that best suits your organisations need.
Regards
Suprita

Hi, Could any one help me about balanced scorecard. What is balanced scorecard why we use it?
hi mr dev it is not mandatory . it is the system used to employer employee relationship to to be the best. but there is a provision in income tax exemptions to the companies to acct. in to staff welfare. please mail your id and phone no. to me i will give in detail the best ob its coverages. I am being the agent advisor for cholamandalan ms general insurance co ltd can advise and give you the besr quotes. my id; .
s. nagarajan 9884396009

Dear Mr. Dev Not compulsary but is good to have one But do not fail to cover employees under ESIC if they are eligible Regards Asit
Dear Dev ,
As all have been mentioning so far , Medical benefit is not a mandatory option. This is a privilege given by the company as a security towards health issues
At times companies have options where the premium amount is shared by both the employer and employee. Medical Benefit can be provided for the employee only or for the family , this would differ company to company.
In any case mandatory or not it is always advisable for companies to have this options of benefit as one of the first to provide.
Thanks & Regards
Gargi V Shetty

Dear Dev, Please find attached Med Claim PPT. Regards, Dilip

Attached Files
Membership is required for download. Create An Account First
File Type: pps Group Medi Claim Insurance Policy.pps (218.0 KB, 1025 views)

Group Mediclaim is not mandatory. It helps to employees and their family members .
We have to study which type of mediclaim is useful to your employees like pre-existing
, Out-patient, maternity , coverage for parents up to what age etc. It is one of the welfare measure to the employees. We can call quotations of premium from the various the insurance companies according to our requirement.
regards
KALIDAS

Dear Friends
I have one question, X Company has 100 employee's factory licence, in company at works 80 employees working. Company have many different marketing offices in all over india, their 30 employees working and company paid P.F. 130 employees my question is that company has requrired to change factory licence or not pl.relply and get sugestion.

Hi,
This is mandatory to cover employees under the group mediclaim insurance. If the establishment covered under ESI Act, additional insurance cover is not required for the employee under ESI. And where the establishment is covered under EPF; employer have option to go for EDLI or group medical insurance from LIC of India. If the contribution to EDLI are not being made then the intimation to EPFO shall be given that the insurance cover has been provided to all the employees through the insurance company and there is no need to contribute in the EDLI with EPFO.
-----------------------------------------------------------------------:)


This discussion thread is closed. If you want to continue this discussion or have a follow up question, please post it on the network.
Add the url of this thread if you want to cite this discussion.






About Us Advertise Contact Us
Privacy Policy Disclaimer Terms Of Service



All rights reserved @ 2020 Cite.Co™