Dear Parul,
It’s better to provide health insurance to all employees. You can have different sum insured based on Grade or Designation but not on salary since we all want to maintain salary confidentiality. Again fixing slab and offering benefits will vary from organization to organization.
We have Health Insurance policy for all our employees which cover employee plus five dependents (Parents, Spouse and Children) with below benefits;
- Floater policy for (1+5) – Covers Employee+ Spouse + Children +Parents
- Pre and Post hospitalization cover- Relevant medical expenses incurred during period up-to 30 days prior to hospitalization on disease/illness/injury sustained will be considered as part of claim. Relevant medical expenses incurred during period up-to 60 days after the hospitalization on disease/illness/injury sustained will be considered as part of claim. Pre & Post hospitalization is not payable for Maternity.
- Waiver on 1st year exclusion
- Waiver on 1st 30 days excl - Any disease contracted by the insured person during the first 30 days from the commencement date of the policy is covered
- Maternity benefits upto Rs. 50K - Treatment taken in hospital/nursing home arising from or traceable to pregnancy, childbirth, including caesarian section. The maximum benefit allowable under this clause is up-to Rs 50,000/- or the sum insured opted by the member of the group whichever is lower. These benefits are admissible only if the expenses are incurred in hospital/nursing home as in-patients in India. Claim in respect of delivery for only first two children only. Expenses incurred in connection with voluntary medical termination of pregnancy during the first 12 weeks from the date of conception are not covered.
- Baby cover from day 1
- Room Rent - 1% of sum insured for regular & 1.5% for ICU
Please note that your premium amount is likely to go up next year based on previous years claim ratio.
I hope this helps you.
Have a good day, Lakshmi.