WTF is...Employee Health Insurance?

In this Episode of ‪@thecuhriousshow‬ we sit down with Sanchit Malik (   / sanchitmalik   ), the Co-founder and CEO of ‪@Pazcare‬ (https://www.pazcare.com/group-health-...) to have a Masterclass on all things Employee Health Insurance!

Chapters from the Episode :
0:00 Teaser
01:27 Sanchit's intro
03:00 Why Sanchit started Pazcare?
13:00 Insights on Employee insurance from an Insurance consultant
15:40 3 things to keep in mind when designing the benefits policy
16:33 What is Claim ratio?
19:50 Choosing the right insurance companies
21:06 What is the right coverage amount for how much cost?
22:56 What is Room rent limit?
28:05 Maternity cover
29:58 Copay in parental cover & IVF
35:07 Is the baby covered from day 1?
38:00 How TPAs, Brokers, Tech platforms and Insurers work?
42:00 Advice on how to onboard an insurance tech tool?
46:00 Sanchit's principles of Customer Success!
53:00 Sanchit's take on culture!
01:00:45 How to plan a kickass annual offisite :)
01:05:15 Closing thoughts

Discussion Highlights:

1. Why Sanchit Started Pazcare:
Sanchit shares his motivation behind founding Pazcare and the gaps he identified in the corporate insurance market that Pazcare aims to fill.

2. Insights on Employee Insurance from an Insurance Consultant:
Key trends and observations in the employee insurance sector.
Common challenges faced by companies and employees regarding insurance.

3. Three Things to Keep in Mind When Designing the Benefits Policy:
Sanchit outlines essential considerations for companies when crafting their benefits policies to ensure maximum employee satisfaction and coverage.

4.Understanding Claim Ratio:
Explanation of what claim ratio is and its significance in selecting insurance plans.

5.Choosing the Right Insurance Companies:
Tips on evaluating and selecting reliable insurance providers for corporate benefits.

6.Determining the Right Coverage Amount and Cost:
Insights on balancing coverage needs with budget constraints to provide optimal benefits.

7.Understanding Room Rent Limit:
What room rent limit means in insurance policies and its implications for employees.

8.Parental and Maternity Cover:
The importance of parental and maternity cover in employee benefits.
Detailed discussion on copay in parental cover and inclusion of IVF treatment.

9.Is the Baby Covered from Day 1?:
Addressing concerns about newborn coverage in corporate insurance policies.

10.How TPAs, Brokers, Tech Platforms, and Insurers Work Together:
Overview of the ecosystem and how these entities collaborate to provide seamless insurance services.

11.Advice on How to Onboard an Insurance Tech Tool:
Practical tips and steps for companies looking to integrate insurance tech solutions like Pazcare.

12.Sanchit's Principles of Customer Success:
Key principles and practices Sanchit follows to ensure customer satisfaction and success at Pazcare.

13.Sanchit's Take on Culture:
Insights into building and maintaining a positive and productive company culture.

14.BONUS! Planning a Kickass Annual Offsite:
Sanchit shares his strategies for organizing memorable and impactful annual offsite events for teams.

15.Closing Thoughts:
Sanchit wraps up the discussion with final thoughts on the future of employee insurance and his vision for Pazcare. He also shares personal advice for companies looking to enhance their employee benefits programs.

Tune in to gain valuable knowledge from an industry expert and learn how to navigate the complexities of employee insurance effectively!

Also, checkout another episode on the channel -    • This Tech is making Screening Resumes...  
   • WTF is…Hiring with AI? Ep #2 with Vin...  

Would love to stay connected on Linkedin -   / ranaq  

Cheers!

#hr #hrtech #insurance #podcast #humanresources