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 Restaurants Industry Employees
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Total estimated yearly premium
*only basic terms and conditions applied
₹ 100,000
₹ 5,000 per life
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Industry Wise Group Health Insurance Policy For Employees
Restaurant industry - overview
The restaurant industry has seen tremendous growth in the last few years. With the introduction of technology and restaurants tying up with delivery agents, the scope of the industry has enlarged. There are many players in the market since the food industry itself is very huge.
The delivery of food has made the restaurant industry up its game manifolds because they are now able to deliver their products to a larger audience.
The restaurant industry is growing at the rate of around 10-15% annually. At present, there are about 1.33 Lac companies that are dealing in the restaurant industry. Since the restaurants require mostly blue-collared workers, the number of white-collar workers is comparatively low.
There are about 3.4K people working in companies with less than 100 employees. Whereas only about 2.4K people are employed in companies with employee strength between 100 - 1000.
Why buy group health insurance for the restaurant industry?
- Tax benefits
According to the Income Tax Act of 1961, the premium paid towards group health insurance for employees can be used for tax benefits.
- Financial assistance
Your employees will be financially protected in the face of any medical emergency.
- Employee retention
Because the employees will be financially secure from medical mishaps and problems, the employee retention rate will gradually increase.
- Customized policy
You can get a customized insurance policy according to the requirements and nature of the job.
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Things to know before buying group health insurance for the restaurant industry
- Inclusions in your policy
Make sure to check the benefits and all the expenses that are covered under your policy.
- Customization
You can customize your group health insurance policy to suit your employees. Your group health insurance coverage will depend upon the customization you choose.
- Claim settlement ratio
The claim settlement ratio is the number of claims settled to the number of claims made, it directly shows the credibility of the insurer.
- Add-on benefits
By paying an affordable higher premium, you can include some add-on benefits to your group health insurance policy.
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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 restaurant industry employees FAQs
Is maternity cover included in group health insurance policies?
Yes, maternity cover is included in group health insurance policies and can also be bought on as add-ons.
How is the group health insurance premium calculated?
Group health insurance premium is calculated by keeping in mind various parameters such as average age of employees, sum insured, dependents covered, the number of add-ons added, etc.
Is group health insurance valid PAN India?
Yes, you can get cashless treatment PAN India with your group health insurance.
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