Medi-Claim Policy for Employees
We have a medi-claim policy for employees and their family members. Upon confirmation of employment, the employee is required to fill in the insurance medi-claim form. Upon successful approval, a medi-claim policy is issued in their name.
Concerns with the Current Process
1) Errors in form filling
2) Improper document submission leading to delays in policy issuance
3) Difficulty in monitoring individual payments for each renewal
Possible Solutions
1) Opt for a company medi-claim where each new entry and exit is communicated to the insurance service provider.
2) Allow employees to purchase their preferred policy with the company reimbursing the fixed premium amount based on grade.
I am seeking insights on industry practices and best practices in this regard. We are located in Baroda, which boasts some of the best medical facilities.
Looking forward to your input. Feel free to contact me at [Email Removed For Privacy Reasons].
Regards,
Hardik
[Phone Number Removed For Privacy Reasons]
From India, Vadodara
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1We have a medi-claim policy for employees and their family members. Upon confirmation of employment, the employee is required to fill in the insurance medi-claim form. Upon successful approval, a medi-claim policy is issued in their name.
Concerns with the Current Process
1) Errors in form filling
2) Improper document submission leading to delays in policy issuance
3) Difficulty in monitoring individual payments for each renewal
Possible Solutions
1) Opt for a company medi-claim where each new entry and exit is communicated to the insurance service provider.
2) Allow employees to purchase their preferred policy with the company reimbursing the fixed premium amount based on grade.
I am seeking insights on industry practices and best practices in this regard. We are located in Baroda, which boasts some of the best medical facilities.
Looking forward to your input. Feel free to contact me at [Email Removed For Privacy Reasons].
Regards,
Hardik
[Phone Number Removed For Privacy Reasons]
From India, Vadodara
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Hi Hardik,
Instead, you can tie up with an insurance provider or TPA. They will handle the task of filing in the details. If an employee has not provided the necessary documentation, you don't need to pay for that employee's insurance until it is active. Corporate medical insurance is associated with the employee number, and even if the date of birth does not match by plus or minus 2 years, it should not pose an issue.
From India, Bangalore
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Instead, you can tie up with an insurance provider or TPA. They will handle the task of filing in the details. If an employee has not provided the necessary documentation, you don't need to pay for that employee's insurance until it is active. Corporate medical insurance is associated with the employee number, and even if the date of birth does not match by plus or minus 2 years, it should not pose an issue.
From India, Bangalore
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