IMPORTANCE OF HEALTH INSURANCE IN MNCS/CORPORATE SECTORS

Corporate sectors and multinational companies provide health insurance in the contracts as a lagniappe, where all the benefits are attached to it so as to take care of their employees. While signing the contract, we seldom analyze the fact that the group insurance offered to us has certain pros and cons too, adding to which, one cannot compare the following insurance with other types of health insurance, as the employee does not have the option to spurn the contract, that will eventually make him/her lose their job. Furthermore, this health insurance offered to come with some loopholes, which ensure some limited cover for your health. But the importance of health insurance in the corporate sector is that it plays a vital role to act as a bond between the employer and the employees and as a reward to boost the productivity of the company and better employee performance.