Key Takeaways OPD (Outpatient Department) cover in health insurance pays for doctor visits, diagnostics, pharmacy, and minor procedures, without any hospitalization requirement. Standard group mediclaim (GMC) policies in India do not include OPD cover
Key Takeaways Since IRDAI’s October 2022 circular, reinforcing the Mental Healthcare Act 2017, no health insurance policy sold in India can legally exclude mental illness from coverage. Standard group mediclaim (GMC) policies cover only
Key Takeaways Group health insurance is mandatory for companies covered under ESIC, specifically for employees earning up to Rs 21,000 per month, now governed by the Code on Social Security 2020, effective November 21,
Key Takeaways Group health insurance premiums paid by the employer are deductible as a business expense under Section 37(1) of the Income Tax Act 1961, not under Section 80D. Under Section 80D, employees can
Key Takeaways In a family floater group plan, one shared sum insured covers the employee and their dependents, spouse, children, and sometimes parents. One large claim by any member reduces coverage for the rest.
Key Takeaways Group Personal Accident (GPA) insurance covers accidental death, permanent total disability, permanent partial disability, temporary total disability, and medical expenses from accidents, none of which are covered under a standard group health
Key Takeaways A good corporate group travel insurance policy fits your team’s actual travel pattern, not a template the insurer pulls off the shelf. It is better to have a 24×7 helpline with an
It’s 2 AM. A short circuit on the third floor sparks a fire. By morning, half the structure is gone, your tenants are calling, and your broker isn’t picking up. Like most Bangalore property
Key Takeaways Gratuity is a statutory payout under the Payment of Gratuity Act, 1972. Superannuation isn’t mandatory, but a lot of bigger employers offer it. Both bills grow until someone retires. A gratuity insurance
Key Takeaways A boardroom decision can threaten your personal assets years after you leave the company. As per LODR Regulation 25(10), D&O insurance has been mandated by SEBI for the independent directors of the
