In the highly competitive landscape of small and medium companies (SMEs), particularly in a developing nation like India, staying ahead of the curve is essential for both talent attraction and retention. Human capital remains the primary asset of small businesses. While larger corporations attract their workforce with Group Health Insurance, even small enterprises are increasingly recognizing the advantages of employee health insurance.
Let us take a look at how group health insurance plans (GMC) are beneficial to small businesses and contribute to their overall growth.
What is a Group Health Insurance Plan?
A group health insurance plan is a health insurance coverage for a group of individuals, usually associated with employees of a company. The coverage benefits are specified in the policy statement that an association or the employer receives.
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