The Risk

Medical costs are becoming increasingly expensive. The cost of an artery bypass surgery is upwards of INR two to three hundred thousand. Cancer treatment would cost anywhere between INR two hundred thousand to five million.  Even among the upper middle class, a lot of people have to sell their valuable assets to meet the medical expenses. Other expenses like travel, lodging, loss of income account for as much as 35% of the overall cost of treatment. Most of us ignore this fact.

While many of us insure our homes, vehicles, children’s education etc we do not often insure our health! The fact that any illness can strike us without warning and eat up our savings should not be overlooked.

The Solution

Howden organizes Group Health Insurance schemes that provide health insurance coverage for employees/ members and their dependants for expenses related to hospitalization due to illness, disease or injury. The standard health policy that reimburses you the actual hospitalization cost of treatment of any disease, offered by non life insurers / standalone health insurers are popularly called ‘Mediclaim’ policies.

The Cover

	Expenses on Hospitalization for a minimum period of 24 hours are admissible.
	Room and Boarding Expenses, Intensive Care Unit charges, Doctors fees, Nursing Fees, Surgical Fees, Operating Theatre,
	Anesthesia and their administration, Drugs and Medicines consumed on the premises, Hospital
	Miscellaneous Services (such as laboratory, x-ray, diagnostic tests), Dressing, ordinary splints and plaster casts shall be
	reimbursed provided they are incurred in India within the policy period and up to the level of cover that the member is entitled to.
	Dependants of Employees can also be covered.
	There can also be a single Family Floater Limit rather than an individual limit per member.
	Other benefits like pre-existing diseases, maternity cover, and baby cover from day one can be offered under a Group Scheme.
	Waiting periods applicable for certain surgeries or diseases can also be waived off.
	The benefit of Corporate Buffer can also be chosen by the Company and can be utilized in case the individual sum insured is inadequate to cover all the expenses.

The Service

Howden has a dedicated “Employee Benefits” vertical that works closely with several Corporations to create the right mix of choice, advice and service for both Employers and Employees.  Our services include:

	Single point Contact
	Service Level Agreement
	Help Desk
	Periodic Review Meetings
	Fortnightly distribution of cashless cards to new members and Collection of Claim Folders for non cashless claims
	Support in quick settlement of claims
	Availability of 24 hours helpline for hassle-free cashless hospitalization through the TPA
	Monthly premium Accounting Statement
	Monthly Claim status MIS

Corporate Wellness Programme

With the permission and active support of our customers our in-house health counselors and panel experts conduct a ‘corporate wellness programme’ with benefits that include:

	Identification of work related stress
	Individual Counseling
	Overall Heath Report
	Better Morale
	Lower Healthcare Costs
	Improved Wellness Culture
	Healthy Culture

For further information contact:

Utkarsha Talekar
Howden Insurance Brokers India Private Limited
Ground Floor, Bombay Dyeing Administrative Building
Pandurang Bhudkar Marg, Worli
Mumbai - 400 025, India.
Telephone: +91 22 6655 8888; +91 22 6655 8825
Telefax: +91 22 6654 8833
Email: utkarsha@howdenindia.com