Medical Expense - CiteHR
Rajat Joshi
Hr Consulting ,trainer -creative Thinking

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Hi All,
Assuming that approximate Two to Three Lakhs is the insuarance cover in most of the mid-large size companies. I would like to know how would a company manage for exceptional cases where an employee/or it's family members medical expense is higher than that amount especially in cases where a family member is undergoing Dialysis/Chemotherapy where the expense goes higher than the insured amount.
How would a company take a call and make a precedent on the best way the companies could help them. I need to know is it in a form of loan? what interest ? etc.
I know a lot of this is Management call however what would help is If I know what is the usual company practice in such cases.

Hi asanjanas,
In such cases esp on humanitarian grounds the company may give loan as per the follows:-
Loans upto Rs one Lac : 0 % interest for a period of one year to 2 years depending upon the repayment capacity.
Above one lac - two lacs :- 2-5 % interest rate.
These all depend on case to case basis.

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