₹1 Lakh cover starting at ₹110/month/employee+
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GIPSA stands for General Insurance Public Sector Association. True to its name, it is an association comprising four sector general insurance companies:
Affordable prices
Dedicated claims manager
All round wellness benefits
GIPSA has this neat PPN network – it's like a bunch of hospitals spread across 12 cities in India. So, whether you're dealing with kidney stones or need an angioplasty, the prices for these medical things are consistent in any PPN hospital.
Going to these hospitals is a smooth ride for your wallet because they make the whole claiming process super easy. It's like giving your health the red carpet treatment without the hassle.
PPN stands for preferred provider network. It is a special setup by GIPSA, where hospitals that align with their policies and prices join in. To be part of PPN, hospitals have to agree to follow GIPSA rules and operate based on standardized rates.
Those who sign up for this arrangement become part of the GIPSA family and are referred to as PPN. Currently, there are approximately 540 hospitals across the nation that have opted to be part of GIPSA's network.
GIPSA empanelment is like getting a golden ticket into the Preferred Provider Network (PPN) of Public Insurers. Hospitals interested in this can complete and submit GIPSA empanelment forms, along with the necessary documents requested by the insurers. The forms and document requirements can be found on the insurance companies' websites. Once approved, your hospital joins the list of networked hospitals, opening doors to the benefits of being part of the PPN.
Critical Job Factor
According to a report by Society for Human Resource Management (SHRM), 60% of employees consider health insurance essential when choosing a job.
Boost Productivity
According to World Health organisation (WHO), poor health can cause a 20-25% drop in productivity.
Tax Benefits
Employer-paid health insurance premiums are tax-deductible under Section 80D .Not offering this can mean missing out on tax savings.
Regulatory Compliance
The Indian government has introduced regulations like Social Security Code, 2020 the which mandates health insurance for certain sectors. Non-compliance can lead to penalties.
Ensure you're covering all bases with group health insurance to attract top talent, improve productivity, and stay compliant!
Conclusion
GIPSA, a collaboration of four public sector insurers, has established the Preferred Provider Network (PPN) with around 540 hospitals nationwide. GIPSA empanelment allows hospitals to join PPN, ensuring standardized rates and policies. For policyholders, PPN offers uniform pricing and easy claiming in network hospitals, emphasizing transparency and efficiency in public sector healthcare.
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Wellness At Work
Benefits of group health insurance