Hello My Dear Friends, I have a query related to Mediclaim for my office staff. We are planning to provide Mediclaim benefits to our staff under the Group Health Insurance ( GHI) scheme of a private Medical Insurance company. Can you please help me to understand whether the annual premium payable will have to be borne entirely by the company, or whether a part of it can be recovered from the staff as monthly deductions from salary? If so, the deduction should be under what head and what is the general percentage of premium amount that can be recovered from staff?
Also, will it be a wise decision to deduct a percentage of the premium amount from staff pay and thus compromise their net take-home salary?
Kindly advise. Looking forward to your suggestions. Thank you in advance.
Also, will it be a wise decision to deduct a percentage of the premium amount from staff pay and thus compromise their net take-home salary?
Kindly advise. Looking forward to your suggestions. Thank you in advance.