Group Mediclaim Insurance
It is a Health insurance policy issued to a group rather than individuals covering the cost of Medical Expenses of members included in the group. This policy will always be named policy and cannot be issued on an unnamed basis. It covers in-patient hospitalization of a minimum of 24 hrs due to disease or accident. This is an employee benefits policy generally purchased by Corporates Large, Small or Medium Enterprises for employees and their families, but Clubs/Societies/Other specific groups could also opt for this insurance policy. These policies are issued on all or non-basis. Various factors like No of Lives, total Sum Assured, features sought and many more decide the premium being charged by the Insurance Company.
Coverage
This policy is a tailor made policy, so any Reasonable & Customary Medical expenses could be covered at the time of purchasing the policy, on payment of agreed premium. Some of the commonly opted covers are as below:
Inpatient Hospitalization Expenses (Room & Nursing Charges, Tests and Investigation expenses, Medicines & Injections)
>> Surgeon, Anesthetist, Medical Practitioner, Consultants, Specialists Fees.
>> Pre & Post Hospitalization expenses for specified number of days (Tests and Investigation and Medicines)
>> Cover for Pre-Existing Diseases
>> Day Care Treatments
>> Waiver of Waiting Periods
>> Ambulance services
MAJOR EXTENSIONS AVAILABLE
>> OPD Treatment
>> Maternity Benefits
>> New Born Child Cover from Day One
>> Cover for Dependent Parents
>> Corporate Buffer
>> Domiciliary Hospitalization subject to lack of accommodation in hospitals or Medical condition restricting shifting of patient to hospital
MAJOR FACTORS DETERMINING THE PREMIUM
>> Major Factors determining the premium
>> Size of the Group
>> Demographics of the Group like Age, Occupation Etc.
>> Covers Opted in the Policy
The policy can be taken by any individual or organization who own the equipment.
This is an annual policy i.e for 12 months
The
Sum Insured under the EEI Policy should represent the New replacement value of
the Equipment
No.
Instalment facility is not available as this is an annual policy.
Duly filled proposal form providing details of equipment, sum insured, location and add on covers required is to be submitted.
No. But it can be insured under separate Special contingency policy.
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Heading Electronic Equipment Insurance:
Detail Electronic Equipment Insurance
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CLAIM PROCESS:
>> Inform the insurance company with a rough estimate of the loss as early as possible.
>> Take all steps within your power to minimize the extent of the loss or damage
>> Preserve the parts affected and make them available for inspection by a representative Or Surveyor Deputed by Insurer
>> Furnish All Such Information and Documentary Evidence As the Insurer May Require