What Are Wellness Benefits In Health Insurance?

Team LoopTeam Loop

The health insurance industry is changing for good. Here is how Loop is changing the health insurance landscape by offering wellness benefits.

The health insurance industry is changing for good. Here is how Loop is changing the health insurance landscape by offering wellness benefits.

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May 23, 2023
What Are Wellness Benefits In Health Insurance?
What Are Wellness Benefits In Health Insurance?

The health insurance landscape in India has been evolving rapidly in recent years, with an increasing number of corporates providing health insurance coverage to their employees. With the rising healthcare costs and the growing burden of chronic diseases, health insurance has become an essential part of employee benefits.

The Insurance Regulatory and Development Authority of India (IRDAI) has been taking steps to encourage the growth of health insurance in the country. The IRDAI has introduced several initiatives to increase the penetration of health insurance, such as the creation of standard health insurance policies and the promotion of digital health insurance platforms.

In addition, many insurance companies are now offering customized health insurance plans for corporates. These plans cover a range of medical expenses, including hospitalization, surgery, diagnostic tests, and pre and post-hospitalization expenses.

Corporations are also increasingly opting for group health insurance plans that cover all their employees under a single policy. This helps corporates provide comprehensive health insurance coverage to all their employees, regardless of their medical history or age.

The rising costs of healthcare and the increasing prevalence of chronic diseases make it imperative for businesses to provide their employees with comprehensive health insurance coverage.

Providing employees with health insurance coverage can significantly improve their job satisfaction and morale. It shows that the company cares about their well-being and is willing to invest in their health. This can lead to higher employee retention rates and attract new talent.

Many companies are choosing insurance brokers who offer not only insurance support but also wellness programs. Wellness benefits are a wide range of benefits that include consultations, sessions, and discounts that contribute to the employee's day-to-day well-being.

If an organization goes directly to an insurance company, that company has no incentive to provide the best possible options to the organization. Moreover, going through all the health insurance plans  available across different health insurance companies is not possible. Therefore having an insurance broker and particularly one which offers health insurance programs is vital.

Benefits Of Choosing Health Insurance With Employee Wellness Programs

When a company chooses an insurance broker who also provides wellness programs, they are investing in the overall health and well-being of their employees. Such an insurance broker can help employees stay healthy and avoid expensive medical bills that could affect the company's bottom line.

By offering guidelines on wellness and preventive healthcare through wellness programs, companies can also create a positive work environment and boost employee morale. Additionally, insurance brokers who offer wellness programs can help companies save money on insurance premiums by encouraging healthy habits among their employees.

The benefits of having an insurance broker who provides wellness programs are numerous. Firstly, it helps to keep employees healthy and productive.

By promoting healthy habits, such as regular exercise and a balanced diet, wellness programs can reduce the risk of chronic diseases such as diabetes, heart disease, and obesity. This can result in lower absenteeism and fewer sick days for employees, which in turn can boost productivity and increase the company's profitability.

Secondly, wellness programs can help reduce healthcare costs. By encouraging employees to adopt healthy habits, companies can reduce the incidence of chronic diseases and other health conditions that can lead to costly medical treatments. This can lead to lower insurance premiums and reduced healthcare costs for the company.

Thirdly, wellness programs can help create a positive work environment. By promoting a culture of health and wellness, companies can create a workplace where employees feel supported and valued. This can lead to increased job satisfaction, higher employee retention rates, and a more motivated workforce.

Who Offers Wellness Programs Along With Health Insurance?

Loop is a modern health benefits provider that is always innovating and staying ahead of the market enabling our partners to do the same. 

Loop helps organizations negotiate with health insurance companies to get the best insurance plan for their needs. It offers a range of health insurance plans that are tailored to meet the specific needs of each company.

Loop's plans are designed to provide comprehensive coverage for employees, including health checks for preventive care, network hospitals, and outpatient treatment.

In addition to its insurance plans, Loop also offers 24X7 claims support to help employees get the care they need when they need it. This can be especially helpful in emergencies when time is of the essence. Loop's claims support team is available around the clock to assist employees with their medical needs.

Loop also provides in-house consultations with doctors who are on its roll. This means that employees can get expert medical advice without having to leave the office. This can be particularly helpful for employees who have busy schedules or who live in remote areas.

Loop also has a state-of-the-art mobile application that helps every employee have complete control over their health and wellness. The app allows employees to consult a range of health experts for medical advice, track their claims, and get information on network hospitals. This can be particularly helpful for employees who are always on the go.

Loop also organizes wellness programs for a range of issues based on the company's needs, throughout the year. These programs can include health screenings, fitness challenges, and programs for serious pervasive problems such as smoking and diabetes. By offering a range of wellness programs, Loop can help companies create a culture of health and wellness that promotes employee well-being and productivity.

Loop therefore takes care of client companies through group health insurance plans from prominent insurers, bundled with an instant, unlimited, primary care experience.

Loop health benefits include access to a dedicated family doctor, unlimited consultations with Loop’s in-house specialists, and discounts on lab tests. All of these make Loop a superb option for any company that is hoping to take its employees' wellness seriously.

Wellness Benefits Are Key To Company's Growth

Employee wellness is becoming increasingly important in today's corporate world. By choosing an insurance broker who also provides wellness programs, companies can invest in the overall health and well-being of their employees.

Loop is a company that offers a range of health insurance plans and wellness benefits that can help companies create a positive work environment, reduce healthcare costs, and boost employee productivity.

With its state-of-the-art mobile app and expert medical consultations, Loop is a great choice for companies that want to promote employee health and not just avoid sickness.

What Are Wellness Benefits In Health Insurance?
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