₹1 Lakh cover starting at ₹110/month/employee+
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In the corporate sector, the health and happiness of employees are crucial. A workforce with good mental well-being and high morale is a precious asset for any company. This becomes even more important when employees know they have financial protection for unexpected medical issues through a strong group health insurance policy provided by the company.
Affordable prices
Dedicated claims manager
All round wellness benefits
Conversely, an employee grappling with lower morale can cast a shadow on the productivity and harmony within a company. The burden of medical expenses, especially when an employee or their dependents fall ill, can exacerbate the strain on an already demoralized individual.
In the absence of a group health insurance policy, the financial implications of unexpected medical issues can amplify stress levels, directly impacting the employee's overall morale.
Group health insurance emerges as a beacon of support in this scenario, offering a crucial safety net for employees. This insurance coverage not only safeguards employees' financial well-being but also significantly influences their morale.
Knowing that they are covered under a group health insurance plan alleviates the anxiety associated with unforeseen medical problems. This assurance fosters a sense of security, allowing employees to focus on their work without the looming worry of unexpected medical expenses.
The impact of group health insurance on employee morale is profound. The mere knowledge that medical expenses are taken care of creates a positive ripple effect. Employees feel valued and supported, fostering a sense of loyalty to the company.
This assurance extends beyond the individual employee to their family, creating a holistic sense of well-being. The result is a workforce that is not only physically healthy but also mentally resilient, contributing positively to the overall work environment.
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
The impact of group health insurance on employee morale cannot be overstated. A company that prioritizes the health and financial security of its workforce cultivates a positive and productive atmosphere. As employees experience the tangible benefits of being covered under a group health insurance plan, their morale is lifted, and the company, in turn, reaps the rewards of a motivated and engaged workforce. Group health insurance is not just a policy; it is an investment in the well-being and morale of the company's most valuable asset – its employees.
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Minimum lives should be 7
Include maternity coverage
Wellness At Work
Benefits of group health insurance