Choosing the Right Group Mediclaim Policy for a Startup with 20 Employees – Any Suggestions?

Which group mediclaim policy provider would you suggest for a startup company with roughly 20 employees?

ESI Corporation and Mediclaim Options

ESI Corporation is the best mediclaim service provider for those who are under the ESI scheme. For those outside the coverage of ESI, you can select from the immense offers available from other service providers. However, if the policy can be linked to the Employees' Compensation Act, it would be beneficial.

Considerations for Mediclaim as an Employee Benefit

Mediclaim is not an employee benefit as per statute. Once introduced, you may not withdraw it because it would have become part of the service conditions. Being a start-up establishment, therefore, think twice before introducing it.

We have covered 40 of our employees with Bajaj Allianz Health Insurance. So far, so good. We have tried with more than four providers in the past over 10 years, and finally, we are with this company. We found it convenient, cost-effective, and prompt in service. Their response has been very good. You can browse here for more details: https://www.bajajallianz.com/bajaj-a...E&gclsrc=aw.ds

Though we have registered with ESI, only two qualify for the same. In addition, we have arranged with Bajaj for our convenience and found it to be user-friendly when three of our staff took advantage of the policy cover. (Disclaimer: This is only sharing our experience in the past 3 years, not to be construed as a promotional suggestion. You are free to have your choices/options.)