Hr Advisory & Executive Coaching
Business Development, Employee Relations,
Asst Manager Hr
Star Health & Allied Insurance Company
Agm - Hro, Compensation & Benefit Mgt,
Manaer Hr & Admn, Prexus Health India
Assistant Manager - Hr
My official e.mail id is firstname.lastname@example.org
It is not mandatory. But this mediclaim acts as a social security to the employees and their dependants. Many companies process the claims through Service provider. In our company we process the claims directly with the Insurance . Company is responsible for their admission and other formalities. Employees will be in ease and their productivity is not affected by this. Employees will also be more loyal to company.
Medi claim will be provided to employees towards the employee benefits. Which you can segregate based on your needs like Group Medical Insurance, Group Personal Accident and many more related to that. This benefit is not mandatory however for an organization who want to take care of their employees should always go for medi claim policy .
if you wnat I can help you with some one references who can design good policy according to your organizations need, you can write to me at <raji dot krishna2285 atthe rate gmaildot com
please advise me on below mentioned.
I am working as Asst Manager HR for company .I am covering here right from recruitment to exit formalities,drafting of formats and policies related to marketing staff.i cover performance appraisals,promotion,increments,transfers etc..but i am not involve in payroll management where as am keen to get knowledge on that stream.
can u please help me with any institutes names which gives training on payroll or please suggest any book which will be helpful to get knowledge...
i want to know abt policies and procedures of PF,LTA,BONUS,MEDI CLAIM<LEAVES..
please help me
in our company it is given seperate mediclaim policy for each employees for safety purpose.
Reference to ur querry the coverage of mediclaim is not mandatory. But however if employees covered under ESI (Employees State Insurance)
The Employees’ State Insurance Scheme provides full medical care in the form of medical attendance, treatment, drugs and injections, specialist consultation and hospitalization to insured persons and also to members of their families where the facility for Specialist consultation, hospitalization has been extended to the families
If the employees are out of ESI (Drawing salary/wages Rs.10000/- +) we have to take care of their health.
It is a human right to secure good health by acquiring adequate coverage against the financial risks and medical emergencies of employees and their family members. Mediclaim serves the purpose of protecting valuable health of employees and their family members. Healthcare involves the services developed to safeguard health, including medical facilities, professional and financial services such as medical insurance. We are exposed to various hazards that can damage not just our physical health, but also our finances. Thus, Mediclaim or Health Insurance becomes significant as it provides monetary protection in case of such unforeseen situations.
Tks & Regards
Officer - HR & Admn
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.
s. nagarajan 9884396009
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
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.
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.
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.
Its not mandatory, but majority of the company today opt for group mediclaim benefits to their employees. The main benefit in group mediclaim policies are that you can get all pre-existing disease covered from day 1 along with common exclusions.
Star Health & Allied Insurance Company Limited