Medical insurance News
Employers adopt cost containment steps for group medical policies
The rising cost of medical insurance has prompted India Inc to provide lower cover to employees. A 2011-12 employee benefit survey says the average sum assured under the group medical cover offered by companies has come down by 40 per cent — to Rs 300,000 from Rs 500,000 — over the last two years.
In the same period, the average premium cost per employee has increased by 36 per cent —
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