Emedlife | Employee Benefit Insurance

Employee Benefit Insurance

The key factor for the success of an Organisation is to attract, retain and to motivate the Employees. Corporates include employee Benefits as a mandatory program, since this plays an important role in employee retention, motivation and more importantly employee loyalty. Employee Benefit Insurance product solutions provided by Emedlife are tailor made to suite an organization’s requirement and to provide a balanced industry wise cover to ensure that the Organisation opting for the program will find it a resourceful program.

Emedlife offering are comprehensive range in corporate health insurance plans that are designed keeping company and employee needs in mind.

Any Group/Association/Institution/Corporate body of more than 50 persons can take group Mediclaim policy. The institution should have a central administrative point. This Policy contains names of persons covered and provides cover to all eligible members.

This Policy covers hospitalization expenses incurred within the country, due to illness/disease &/or due to accident during the Policy period.
Room, Boarding expenses as provided by the Hospitalization/Nursing Home, and Nursing Expenses. o Surgeon, Anesthetist, Medical Practitioner, Consultants, Specialist Fees Anesthesia, Blood, Oxygen, Operation Theater Charges, Surgical Appliances, Medicines and Drugs, Diagnostic Materials and x-ray, Dialysis, Chemotherapy, Radiotherapy, Cost of Pacemaker, Artificial Limbs and Cost of Organs and similar expenses.

Personal Accident policy provides coverage and security to a person in case of death bodily injury due to an accident. Organizations take these policies for their employees. Individuals and groups can avail the benefit policy with varied product features. The life of an individual against loss of life, disablement, injury arising out of an unforeseen,undesired, unexpected i.e. accidental event.

Benefits of Group Personal Accident policy:

100 % of the Capital sum for death / loss of two limbs/loss of two eyes/loss of one eye and one limb/Permanently incapacitated by the accidental disablement 50% for the loss of one eye or one limb, Varied percentages of benefits for Permanent Partial Dismemberment of limbs Hospitalization expenses with certain limits consequent upon an accident.

Group Term Life insurance or term assurance is life insurance which provides coverage at a fixed rate of payments for a limited period of time, the relevant term. After that period expires, coverage at the previous rate of premiums is no longer guaranteed and the client must either forgo coverage or potentially obtain further coverage with different payments or conditions. If the insured dies during the term, the death benefit will be paid to the beneficiary. Term insurance is the least expensive way to purchase a substantial death benefit on a coverage amount per premium dollar basis over a specific period of time.

Gratuity is a part of salary that is received by an employee from his/her employer in gratitude for the services offered by the employee in the company. Gratuity is a defined benefit plan and is one of the many retirement benefits offered by the employer to the employee upon leaving his job. An employee may leave his job for various reasons, such as – retirement/superannuation, for a better job elsewhere, on being retrenched or by way of voluntary retirement.

Benefits of Group Personal Accident policy:

As per Sec 10 (10) of Income Tax Act, gratuity is paid when an employee completes 5 or more years of full time service with the employer.

How does it work?

An employer may offer gratuity out of his own funds or may approach a life insurer in order to purchase a group gratuity plan. In case the employer chooses a life insurer, he has to pay annual contributions as decided by the insurer. The employee is also free to make contributions to his gratuity fund. The gratuity will be paid by the insurer based upon the terms of the group gratuity scheme.

This policy is for any Indian resident traveling abroad. A corporate frequent traveler can avail a single annual policy. It is mandatory in some Western countries for a visitor to their country to be covered by a Health Insurance Policy. In its absence, he may run the risk of repatriation or quarantining in the airport itself.

Medical treatment is expensive overseas and can become a major financial problem in case of any emergency/ accident .Hence, this policy will come in handy in case of any medical trouble abroad.

Policy coverages:

Persons going abroad
Children and spouse accompanying person going abroad
Annual policies by Corporate for the travel of their executives.

Benefits under Overseas travel:

Medical Expenses.
Personal Accident.
Total Loss of Checked Baggage.
Delay of Checked Baggage.
Loss of Passport.
Personal Liability.

In case of loss of baggage, delay in checked baggage, loss of passport, illness or an accident.

Contact Us

Emedlife Insurance Broking Services Limited 505&506, 5th Floor Elegance Tower DDA District Centre Jasola New Delhi-110025
+91-11-45185500
+91-11-46517276
info@emedlife.co.in

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