Pocket HRMS Partners with Plum to Offer Seamless Health Insurance and Wellness benefits

Pocket HRMS Partners with Plum to Offer Seamless Health Insurance and Wellness benefits

Pocket HRMS, India’s only ‘smHRt’ Payroll & HR Software has partnered with Plum Insurance, India’s leading employee health Insure Tech platform, that is revolutionising the way corporations think of employee insurance and wellness benefits. With simplified plans and easy claims, Plum is a fully digital customizable group insurance solution for modern businesses.

If any company using Pocket HRMS wishes to activate this partnership and use Plum as their insurance provider, they can enable it by simply activating the integration from the Marketplace with starting introductory price of Just Rs. 99/-* Per Employee Per Month for Health Insurance Coverage of Rs. 2 Lacs

“Pocket HRMS has always been about providing the best Human experience for the HR teams and employees. Hence, we are proud to partner with Plum, a digital-first insurance provider that thinks in a similar vein. Both, Pocket HRMS and Plum, have the common goal of making corporate life simpler for the administration and the staff. That is why we constantly come up with innovative products and simplified integrations like this one!” noted Mr. Jitendra Somani, Co-Founder of Pocket HRMS.

Benefits of the Partnership

  • Customised employee benefits plan with comprehensive coverage
  • Exclusive discounts on health benefits to Pocket HRMS customers
  • Free access to Plum’s platform for HR/Founders and employees
  • 24×7 emergency claims support over WhatsApp/App/Call

“As platforms, both Pocket HRMS and Plum, intend to help businesses be more effective, while our software takes over specific tasks like HR management and insurance. Choosing Plum as a partner was obvious, as our endeavours match,” added Mr. Jitendra Somani, Co-Founder of Pocket HRMS.

“We understand that the modern CHRO or HR partner in any organisation is pressed for time and it is our goal to simplify any cumbersome process through our platform. Further, the conversation around insurance and benefits is a non-negotiable for any company that wants to be an employer of choice. Hence, partnering with Pocket HRMS not only helps us cover more lives, but also ensures that no one is bereft of the best benefits suite that a company can offer,” said Abhishek Poddar, Cofounder and CEO of Plum.

Pocket HRMS has embarked on a journey to join hands with strategic partners to fulfil their vision of ‘Digital Bharat 2.0’. Partnering with Plum has helped them move a step ahead in their journey to utilise modern technologies and advanced algorithms for streamlined employee care. They have been successfully applying artificial intelligence, machine learning, facial recognition, AI-based chatbots, and other advanced technologies, in their pursuit to streamline HR operations. Being a cloud-based software provider, Pocket HRMS caters to a wide range of companies ranging from start-ups to SMBs to MNCs. The scalability, flexibility, customizability, and security offered by the software are unparalleled in the Indian HR technology domain.

About Pocket HRMS

Established almost two decades ago, Pocket HRMS is a leading HRMS software in India. Its core values are, ensuring the best in customer service, cost-effectiveness, and robust module offerings. The latest update has incorporated an improved AI-based attendance system and an AI chatbot – smHRty, that can interact with employees to apply for leaves, answer queries, and more. Additionally, Pocket HRMS offers HRs a unique global look at their database with smHRt searcHR, a unique implementation of its kind in the HR domain.

About Plum

Plum is an employee health insurance platform that provides health benefits to corporations. The company is on a mission to accelerate the adoption of health insurance in India by making employee health insurance accessible, affordable, and usable for employees. Recently, Plum received certifications from ISO/IEC 27001:2013, SOC 2 Type 2, and GDPR compliance. It is re-imagining the health insurance stack and accelerating the penetration of health insurance in India to 100%. Plum aims to reach a milestone of 10 million lives insured by 2025. Plum is backed by Tiger Global and Sequoia Capital.

Contact us

www.pockethrms.com | sales@pockethrms.com | 022 6768 7872

 

Start your new year by choosing the right health insurance, here’s why!

Health insurance is one of the most helpful things you can invest in, in today’s world. With a steadfast increase in the cost of healthcare in our country, the emergence of lifestyle diseases is also threatening your savings; that is why having a health insurance policy has become a necessity. Yet, if you are asking yourself what the right time is to buy a health insurance policy, then, keep this saying in mind “The best time to start was yesterday. The next best time is NOW”. This also applies to the health insurance plan.

A health insurance policy acts as a cover that provides you with a much-needed financial backup at the time of medical emergencies. Health risks and unforeseen medical emergencies are unpredictable and hence a part of our lives. Some medical events do not alert you beforehand for you to prepare financially at the moment. That is where a health insurance policy comes in handy.

In tumultuous times such as these, health insurance can be one of the most helpful gifts you can buy for yourself or your loved ones this New Year.

No matter if you are looking for an individual policy or family floater health insurance, or group health insurance, here are some reasons why the new year might be the right time to choose health insurance:

  • Start a new year with Healthy Resolution:

A new year is known to bring hope, new energy, enthusiasm, and a sense of compassion for most people since everyone is in the festive mood and looking down at the year before and being hopeful for the year ahead. Many like to celebrate the start of a new year with a resolution or a promise to themselves, on how they want to spend their year, and what would be a better resolution than staying healthy, taking care of your finances, saving for emergencies, and making sure that you are ready financially and mentally for any unforeseen medical emergency. All the above things can be achieved with a simple health insurance policy. You can bring peace of mind to your life and save your money on unexpected medical events in the coming year byWith the advent of new COVID-19 cases, many insurers are providing innovative health covers to deal with a severe health crisis and hospitalization

  • Upcoming innovative health plans:

Many insurance providers offer innovative health plans that use technologies like Artificial Intelligence (Al) and Machine Learning (ML) to provide more evolved and smart customer services. With the advent of new COVID-19 cases, many insurers are providing innovative health covers to deal with a severe health crisis and hospitalization. Getting health insurance for a better year could be the best way to prioritize health beside everything else.

  • Invest for better tax planning: 

As the financial year-end approaches, you should start looking for avenues to invest properly, not only to save taxes but also to get good returns on your investment. Investing in a health insurance policy can be one of the best things you can do since you can get massive tax benefits towards the health insurance premium. You are already aware of the benefits of a health insurance policy, as it helps you financially in times of medical emergency by paying medical bills and treatment expenses. However, many forget one crucial thing about investing in a health plan, that it is a great tax-saving instrument. Investing in health insurance to plan your taxes can be a significant investment for the whole year ahead.

Buying health insurance at an early stage helps you get financial security at lower premiums. The premium amount starts increasing with age since chances of medical ailments also increase. Hence, it is vital to invest in a health insurance plan as early as possible, and keeping the above points in mind, the new year seems just the best time to do it.

This article is authored by Pulak Sarmah, Senior Vice President & Head of Marketing at Kotak General Insurance, and views expressed in this article are the author’s personal views.

Changes in Health Insurance That Will Benefit Policy Holders

Changes in Health Insurance That Will Benefit Policy Holders

The global pandemic of COVID-19 has increased the demand for health insurance policies and products. The spreading virus has made people aware of how much they need some monetary support for medical expenses in case of medical emergency or hospitalization. But people are only inclined to buy the health insurance policy if it meets their basic requirements at an affordable price. Hence, The Insurance Regulatory and Development Authority of India (IRDAI) has made some recent changes in the health insurance policies in order to make sure that insurance policies are more customer-friendly and all the customers receive quality treatment at a pocket-friendly price. Over the years, many changes and regulations have played a crucial role in promoting the growth of the insurance industry.

Let’s look at some necessary changes made by the concerned authorities that will help a large population to invest in health insurance policies and protect themselves and their loved ones.

  • Launch of Arogya Sanjeevani policy:

Arogya Sanjeevani policy is a standardized insurance plan, launched on 1st April 2020, under an indemnity plan to allow affordable health insurance coverage. Policyholders can enjoy a sum insured of up to INR 10 lakhs and get coverage for their entire family under this policy. Since the health insurance products available in the market can be confusing and overwhelming to understand. Arogya Sanjeevani provides a standard health plan that has been introduced by every insurer to support Indian policy seekers to purchase health insurance.

  • Specialized policies for COVID treatment and hospitalization:

Treatments for COVID-19 and the cost of hospitalization can be expensive, especially for people experiencing severe coronavirus symptoms. The introduction of the Corona Kavach policy has helped policyholders get treatment without having to worry about hospital expenses. These plans allow people to cover themselves and their families against the pandemic. These standard health plans cover COVID related claims on an indemnity (Corona Kavach) or on a fixed-benefit (Corona Rakshak) basis.

  • Easy instalments:

During the pandemic, in order to reduce the financial burden on the policyholders, IRDAI, allowed policyholders to pay Health insurance premiums in instalments. Now, most of the insurance providers offer EMI options on premium payments. So, as a policyholder, you can now pay premiums on a monthly, quarterly, or half-yearly basis. However, with monthly or quarterly payments, you will get a lesser free-look period than yearly premiums.

  • Transparency in exclusions:

IRDAI is making sure that there is less ambiguity in the policy wordings. Declaring that there should be standardisation of health exclusions, including simplification of the definition of pre-existing diseases. Under the mandate, it is stated that the insurers should specify the excluded diseases in their policy terms and conditions, and the policyholders can declare a disease after 3 months of the policy purchase. Hence, the diseases that the insurer will not cover for 4 years from the date of purchase of the policy, are specified clearly in the policy-related documents.

  • Prioritizing mental health:

In times like this, depression and anxiety are silent killers, and people do not seek treatment for mental health-related illnesses thinking they are not as a severe ailment. However, IRDAI has been making efforts to change the same and has asked insurers to include mental problems, genetic diseases, neurodevelopment disorders, and psychological disorders in the health insurance policies.

The changes in the health insurance sector are helpful to the policyholders and people seeking to buy health insurance plans. Since buying health insurance and securing yourself and your family against any unforeseen emergency is one of the most crucial things you can do.

This article is authored by Ravichandran N, the Chief Technical Officer at Kotak General Insurance, and views expressed in this article are the author’s personal views.