For years companies that take mediclaim for their employees have had to balance rising medical costs and benefits offered by their competitors.

Employees want to take advantage of their group size to get the benefits they enjoy extended to their parents/ in-laws, which very few companies offer today. Also, employees are ready to pay to increase their sum insured (amount covered) under the companies Group Mediclaim policy.

Today, this additional coverage is available to companies, whereby parallel policy is taken in the name of the company and employees contribute for the premium. Most benefits such as pre-existing disease coverage can be enjoyed in this parallel policy. The claims ratio of this parallel policy does not affect the company and employees get group benefits and also increased coverage for themselves and their dependents.which may not be available in individual policies.

Sometimes companies do not want to take on the hassles of administering an additional policy in which case theirs Option 2.

Today, through super top mediclaim, available in India you can do just that. Any employee can take up a Super Top up policy to cover themselves and family either individually or a as a family floater to cover over and above what the company offers. At last count only two insurers, one Government and one private sector, offer this policy in India. The good news is the entire group of employees don't have to compulsorily take. Any employee can opt for the cover. For more information on these and other options available please feel free to email me at c@mygi.in.