The Future of Health Insurance: How Flexibility Can Make Employee Benefits Better
Learn how flexible health insurance plans at workplace can make a difference.
By Pazcare
October 14, 2024
Group Health Insurance - For the food & beverages industry
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Food & beverage industry - Overview
The food and beverage industry can easily be called an innovative industry. It is a large industry that aims to produce unique ideas to the table, quite literally. The food industry is very diverse as it caters to people belonging to different cultures and religions. It is a booming industry as there is so much to explore and innovate with.
Food is a basic necessity of every living being. And with the culture of fast food increasing, the importance of the food and beverage industry is on the rise! Raw food comes under the agriculture industry but the food & beverage industry consists of the overall production and packaging of food as well. It is in turn also connected to the retail industry as the distribution of cooked food in restaurants and packaged food in retail outlets are also part of this industry.
Around 1.65 Lac companies are engaged in the food & beverage industry in India. With 2.8 Lac people employed in companies with 0 - 100 employees. While 3.04 Lac employees work in companies having 100 - 1000 employees, there are 2.35 Lac employees working in companies with over 1000+ employees
Why buy group health insurance for the food & beverage industry?
Every working individual should be provided with group health insurance as it benefits them in more ways than one. Since medical emergencies can knock at your door at any time, it is important to be prepared.
- Tailor-made benefits
Your group health insurance is customizable. In other words, you pay for what you choose.
- Financial assistance
Offering group health insurance to your employees will secure them from any financial need during a medical urgency.
- Employee retention
Offering your employees' group health insurance on top of their salary structure will help in improving the employee retention rate.
- Job satisfaction
Having health benefits is proven to play a great role in employee satisfaction.
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Things to know before buying group insurance for the food & beverage industry
Group health insurances are available in abundance in the market. But choosing what is right for your employees is crucial. Following are some of the parameters to compare the insurances.
- Claim settlement ratio
Higher the claim settlement ratio, the more chances of your claims getting settled easily and efficiently.
- Claims experience
Ensure that the claims process is smoother as you don’t want the settlement of your claim to be a hassle.
- Add-on benefits
Ensure that there are add-on benefits available to cover more medical procedures.
- Network hospitals coverage
A large hospital network simply aids in finding one closer to your remote teams' location.
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For any queries or assistance, reach out to us at any time. We provide 24X7 customer assistance.
Pazcare
91 80378 34753
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Group health insurance for food & beverage industry employees FAQs
How many times can group health insurance be claimed in a year?
You can claim group health insurance till your sum insured gets exhausted in a financial year.
Is maternity cover added to group health insurance?
Yes, it is a part of your group health insurance and if not, you can choose to add it as an add-on benefit.
Are there any exclusions in group health insurance?
Yes, your group health insurance will have some exclusions. Make sure to check the same with your insurer.
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