September 30, 2023

This Festive Season, gift your Employees Health Insurance

It may be simpler to ignore one of the most important benefits, such as employee medical insurance, given the myriad new healthcare benefits that are constantly being introduced to the market. According to recent data points, the fastest-growing market segment over the last ten years has been the whole health insurance industry, with a CAGR of 23%. As a fact, workers are more productive when they are healthy.

Businesses should provide insurance benefits to their employees and their families for a variety of reasons. Moreover, no matter how you define independence, it’s crucial to be independent in general. And lastly, everyone who is an adult should strive to achieve financial and medical independence. As soon as someone starts earning money by making wise choices, they need to start investing it. So, this Independence Day, secure your investments by choosing the best health insurance policies provided by these companies.

● Loop Health – The platform, which was established in 2018 and focuses on providing group health insurance to enterprises, also provides family doctors to every employee in addition to having 30 highly qualified in-house doctors. The site also provides free wellness workshops to its clients twice a month in addition to health insurance. Individuals can create their own health plans with features like unlimited doctor visits, round-the-clock chat support, and team wellness activities. Furthermore, Loop Health offers four times per month wellness webinars for yoga, zumba, meditation, and other activities, with packages starting at as little as INR 499. These webinars include unlimited consultations with our in-house mental health counselor.

● PlumHQ- Plum is a comprehensive employee benefits platform that offers group medical coverage to start-ups, small businesses, and large corporations. PlumHQ
provides complete employee health insurance without copays, waiting periods, or obtrusive fine print. Plum has created a faster WhatsApp claims process as well as a dashboard interface for monitoring healthcare policies. Tiger Global and Sequoia Capital have invested in the platform.

● MediBuddy – A platform that offers end-to-end digital healthcare services, including online doctor consultations, lab test bookings, medication delivery, corporate health insurances, and wellness services. MediBuddy’s broad products for all healthcare industry participants make finding, using, and monitoring healthcare straightforward, real-time, and essentially paperless. By doing this, MediBuddy guarantees that every healthcare demand is met for each and every individual.

Even though this market has enormous growth potential, as a sector we should focus on making benefit adoption simpler for businesses while also ensuring that everyone along the value chain—from insurance to healthcare service partners— can easily access these benefits. Thus, this will help to put more of an emphasis on trust and quality, which are crucial criteria for luring in and keeping end users.

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