Benefits of including parents in a group medical insurance policy
Group health insurance is an extremely helpful product, which employers can offer to secure the financial health of employees. It builds trust among employees towards their employer. Group health insurance also covers family members of employees depending on plan type. Most health insurance corporate plans do not mandate a pre-policy health check-up. It works in favour of elderly parents who already have existing minor or chronic illnesses.
These are some benefits of group health insurance policy
Affordable premium No health check-up required No waiting period
Covers pre-existing medical conditions Top-up benefits
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