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 Media Industry Employees
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₹ 5,000 per life
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Industry Wise Group Health Insurance Policy For Employees
Media industry - overview
The media industry is a very vast and spread-out industry that includes the publication and distribution of content or media texts. There are three major categories of the media industry, broadcast media, print media, and online media.
The broadcast media means television broadcasts and OTT platforms. While newspapers, magazines, and articles come under the print media. Online media portals like mobile applications and social media platforms are also used to spread information or to advertise something. The general public then engages with and consumes knowledge or information from these sources.
A lot of various media houses and advertising platforms have surfaced in the last couple of years. Media production, online media, and broadcast media are all parts of the media industry. India has over 2.55 Lac companies that are selling and advertising through multiple channels of media. These have employed over 4.27 Lac people in less than 100 employee companies, 2.42 Lac people in 100-1000 employee companies, and 2.58 Lac people are employed in companies having more than 1000 employees.
Why buy group health insurance for the media industry?
Group health insurance is a type of health insurance that covers a group of people, typically employees of a company or members of an organization. For media industry employees, group health insurance plans are available through various insurance providers.
Producing content for distribution on different channels of media requires a lot of research and fieldwork. Make sure to compensate your media industry employees for their hard work by offering them the benefits of corporate health insurance.
When choosing a group health insurance plan for media industry employees, it is important to consider the specific needs and requirements of the industry. For example, media industry employees may have irregular working hours or work in high-stress environments, which can affect their health and well-being.
- Attract and retain employees: Group health insurance is a highly valued benefit that can help an employer attract and retain top talent. In the competitive media industry, offering comprehensive health insurance coverage can be a key factor in recruiting and retaining employees.
- Lower costs: Group health insurance plans are often less expensive than individual health insurance plans because the risk is spread across a larger group. This can result in lower premiums and out-of-pocket costs for both the employer and the employees.
- Tax benefits: Employers can deduct the cost of group health insurance premiums as a business expense, which can result in significant tax savings.
Overall, group health insurance is an important benefit that can provide valuable protection and financial security to employees in the media industry, while also benefiting employers by helping to attract and retain top talent, reducing costs, and providing tax benefits
Some of our Media Industry clients
YOURSTORY
Viewfindr
TAM India
Things to know before buying group health insurance for the media industry
Some key factors to consider when choosing a group health insurance plan for media industry employees may include:
1. Coverage for mental health services:
Many media industry employees may experience high levels of stress and anxiety, so it is important to ensure that the group health insurance plan includes coverage for mental health services such as counseling or therapy.
2. Flexibility:
Media industry employees may have irregular schedules or work on a freelance basis, so it may be important to choose a group health insurance plan that allows for flexibility in terms of coverage and premiums.
3. Claim settlement ratio:
A claim settlement ratio is simply the number of claims settled to the number of claims received in a financial year. This ratio will give clarity and transparency to the insurance taker.
4. Easy endorsements:
For editing the details of an employee, especially in a large-scale company like the media industry, there should be no external party involved. Make sure that your insurer has an in-house TPA for a smooth process.
Ultimately, the best group health insurance plan for media industry employees will depend on a variety of factors, including the size and needs of your organization, as well as the preferences of your employees. It is important to work with a reputable insurance provider and to carefully review all plan options before making a decision.
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For any queries or assistance, reach out to us at any time. We provide 24X7 customer assistance.
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Group health insurance for media industry employees FAQs
What is a claim in insurance?
A claim is a request made to an insurance company to cover the cost or expense incurred during the treatment of a medical condition that is covered by them the insurance policy.
What is a policy limit?
A policy limit is a maximum amount your insurance company is willing to pay in a policy year. The sum insured is the maximum amount your insurer will cover, anything above that will be borne by the policyholder.
Which documents are required to make a claim in a network hospital?
You need to have valid ID proof like an Aadhar card. PAN card, company ID card, policy number, duly filled claim form and the necessary medical reports.
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