Group Insurance is a type of insurance plan that covers for a group of people who work under the same organization. As an employer, it is important to make your workforce feel important, appreciated & safe, One way to do this is to get a group insurance policy. This is often offered as a valuable benefit for employees along with their family members as the premium for the same is borne by the employer. Group insurance plans are designed to be more cost-effective for businesses. Employee premiums are typically less expensive than those for an individual health plan. Group health insurance proves to be beneficial for both, employers as well as employees. With group health insurance, employers gain better benefits at a low cost, tax benefits, employee retention, and motivated employees.
WHY UIB GROUP INSURANCE
- Due-diligence of existing benefits program
- Analyze existing benefits vis-a-vis program
- Benchmarking analysis
- Integration of existing plans (benefits and/Or renewals) to bring bargaining power
- Determine employee contribution scenarios
- Renewal marketing and inner selection
- Develop renewal barley infinite and insurer evaluation and selection criteria
- Effectively negotiate service/product terms, conditions, and outlay
- Undertake analysis of vendor proposals and make recommendations
- Benefits plan design
- Benefits harmonisation
- Gap analysis
- Ongoing support and administration
- UIB account manager + TPA helpdesk
- Periodic data reconciliation
- Quarterly review meetings with Insurer & TPA
- Analytics
- Resolving escalated claim issues
- Query resolutions
- Assistance for emergency hospitalization
- Help desk IT support
- Wellness services & support
- Benpulse survey
- Annual H&B survey
- Employee engagement survey
- Client service feedback survey
- Vendor survey
A detailed comparative overview of the client against their peer group
We maintain an extensive library of benefits data off different companies in various industries
- Benefits benchmarking
- Claims benchmarking
MIS is provided every month and contains complete analysis of claims dot the particular month under various parameter(age wise, amount wise, relation wise etc)
Claim utilization review is done quarterly backed by the help desk report maintained by the implants on a daily basis. This is a detailed analysis of the claims v/s premium.
- Quarterly utilization review
- TAT analysis
- Claims Trends analysis
Corporate that insure the health plans for employees are experiencing cost increases in the double digits. This is of huge significant to any business, and represents a large portion of its operating costs overall.
WHAT WE DO
WHO WE SERVICE
Aviation and Aerospace
Energy & Power
Financial Institutions
Infrastructure
Marine
Real Estate
Transportation
Communication, Media & Technology
Oil & Gas
Healthcare
Manufacturing & Automotive
Mining
Retail & Wholesale
Shipping
Construction
Education
Hospitality
Life Sciences
Public Sector
Sports, Entertainment & Events
CONTACT US
To learn how our Group Insurance team’s expertise can benefit you, or for further information please contact us:
