Corporate Medical Insurance policy | Health Insurance Benefit by your Employer | Complete Model 

yes , lasik surgery is covered in retail and corporate insurance , provided the power of eye is of +/- 7.5 . To get the suitable retail / corporate health insurance coverage that covers lasik surgeries, you can contact us by referring our youtube channel PINKY insurance solutions

Dear, the end date doesn't matter in corporate policies, it end/dissolves automatically at your last day at company.

Hi Chinu, thanks for tuning in, please share your profile at varsha.corporatediaries@gmail.com, i will take a look to understand at what phase of career you are right now and will suggest things accordingly, also if you wish, I can give a shout out about your jobsearch at my Linkedin profile, you might get some leads there...

New born baby is automatically covered in insurance from day 1, just make sure to send baby details to HR with in 30 days of the birth date..

@@theCorporateDiaries thank you

Dear Umesh, yes that is the only beauty of corporate Insurance that there is no waiting period, it doesn't matter when you get your cards or paper work done, you are covered from the date of your joining. Either you can avail the treatment and claim later or best is write to your HR that there is an upcoming surgery so please provide an E-Medical card for you. or the insurance provider details. Hope this helps and wish you a speedy recovery, take care!!

@@theCorporateDiaries thank you so much mam

No dear, it's only valid till your last working day in the company.. post that it automatically becomes invalid

Dear Sikha, an employer only pass on the information of the new employees to be added or to be removed(ex-emp) to the Insurance provider, thats all. Insurer provider actually does the work of altering the premium calculations basis this addition deletion.

@@theCorporateDiaries thank you

Hi Anandita, the premium for parents vary for each company in some, the whole thing is provided by employer, in others, the employer provide only employee and spouse coverage, in those cases premium is to be borne by employee.. eg: If there is a insurance coverage of 5L and employer allows you to declare your dependent(you+spouse+2kids+parents) that means the premium is taken care by the employer, if employer doesnt allow to include your parents in this by-default insurance coverage that means you have to pay extra premium for your parents to include them, this all is usually very clearly defined in the Medical policy, just make sure that you read it thoroughly. The 20% co-pay means, whatever the bill comes, company will pay 80% of that and employee will pay 20% of that each time, until the entire limit of the insurance is exhausted. This is a common practice everywhere for parents. eg: say for parents there is a coverage of 2L rs. and the premium is borne by employer. and if your parent got hospitalised n the bill came 1L rs, then company will pay 80K and you have to pay 20K. The balance available of the coverage will be 1lac 20K for future, this cycle will repat until you exhaust complete limit.. If you have taken a policy separately(means you pay the premium), then there is no copay, as the amount is anyway paid by you during premium payments. Hope this helps, if you still have doubts, please feel free to ask. Take care..

Dear Gajanan, you health insurance will stop, it will be valid only till your Last working day

So I can't claim tht insurance after I leave my job?

@@gajanannaik4815 no you can't claim

Yes

Just inform your HR about your wife's maternity and get the list of cashless hospitals covered in your company's policy, from the HR and just avail it, thats all!

Thank you mam

Dear Navin, its very specific to the insurance provider, some do and some do not, to have the surety, I would advise you to read the Insurance provider handbook/policy document, its readily accessible to all employees, of you do not have it ask from HR, the document very clearly states what is covered and what not.. But important thing to remember is that, even if the hiv illness is covered, it will be only under the overall limit provided by the company. for eg: if your company provides sum insured of 5L, so only upto that limit can be claimed in one year for the hospitalizations occurred due to the disease. And the biggest advantage of any corporate policy is that, there are no pre-health checks, all pre-existing illness are covered(if the illness is mentioned in the covered list)

Hey did you get answer?

As per my knowledge,Pre existing disease are not covered and have waiting period of 2 to 4 years.

it's depending on insurance company. Don't worry they will pay for dialysis.

Yes It covers

Yes dialysis is covered in GMC from day one...

You can add your one set of parents at the time of renewal of policy.. in general GMC there is no waiting period..

Dear most companies have policy of a waiting period of at-least 9 months, that means maternity benefit is only applicable when the employee apply it after 9 months of being in company. so technically it looks you might not get it. But its always depend what your company policies is, read it carefully, you shall get the answer.

@@theCorporateDiaries ok thankyou. But will i get paid leave if i joined company in 7th month. By the time of delivery i will have total of 85 days in the organizational

You can port it, but not all the benefits will be ported.

I asked and they said Coporate policies cannot be ported.

@@BblakebratzZ It can be ported, depends on the service provider(insurance company), if they don't want to approve, its their choice, but it can be ported, if the company have not signed any anti agreement for that..

Dear, you will have to read the policy of your company, its very easily available with HR.. now to answer your question, Floater is meant to include more people from family to the coverage.. If you are not adding your parents, then whats the point of floater.. and I don't think company will allow that.. To further clarify.. all the floater/top-up plans are provided with some premium to be paid against them.. you can't avail any such plans without additional cost... thats why I told, whats the point if you are not including parents, to avail floater you will have to pay certain premium..

@@theCorporateDiaries Ok ...Thanks a lot for clarifying me

Ofcourse, employee and allowed dependents are covered from the Day-1 of joining.

Just ask your HR

Dear, this question you should ask from your HR, no one else can answer this, as we do not know what your company policy is

Dear Kumar, most companies allow time only for 30 days to claim

Yes Mudit, after resignation till last working day, the employee is still covered. But after your last working day you can't avail.

I also have same question....if parent is on lifetime medication for some desease.then will that also be covered in free insurance provided by companies?

This limit can't be increased.. as you know it's a group medical policy individual Sum insured or coverages not be permitted. Employers can enhance limits or S I whole group premium can be effected*

Hi @Sagar Khote I am replying here as a Broker as Ma'am explained, usually, the issuance of the E-Cards take time, your HR will be able to direct you to the new/same broker/SPOC and they will assist and support you with the process, the claim will be considered as cashless, given the HR has bought the corporate policy on time.

No dear, corporate policies do not cover any such expenses..

Dear Nil, those are not covered by most companies, as dental treatments (apart from accidental cause) are not categorised as a hospitalization.