Startup Employees Can Now Get Health Benefits; TiE Bangalore Launches TiE Health Plan

28th Nov 2012
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Entrepreneurs leave 8 hour jobs in corporates to startup and work for north of 16 hours everyday; no one ever said a startup life is easy. And the most challenging aspect for an entrepreneur is to get more people on board to work with him and build the company. Convincing people and changing mindsets is something a founder has to deal with and in case of India, it is more of a mindset change that is required.

To help with this niggling problem, TiE Bangalore, a not for profit organisation that fosters entrepreneurship has launched the TiE Health Plan, a group insurance scheme for small enterprises. TiE Bangalore has partnered with Oriental Insurance and Medimanage (a dedicated health insurance broking company) in co-creating the TiE Health Plan for its member base.

The current cost structures have created an environment wherein small enterprises either can’t get coverage or are priced out completely. Healthcare costs are rising by the minute at every level of care and access to knowledgeable, effective intermediaries is very difficult for smaller teams. The support for claims and dispute settlement also is nearly non-existent for smaller employee groups. Insurers have no qualms increasing premia for smaller companies too. Keeping in mind the current context of the startup ecosystem in relation to employee healthcare needs, this plan will allow the same benefits accessible to TiE Bangalore members and their work teams irrespective of team size.

Key highlights of the plan:

  • Upto 30% savings on premium paid
  • 20 options to choose from
  • Policy extended to employees of member organizations
  • Coverage included for spouse, children and parents
  • Single window approach with reduced paperwork

Start Ups can avail of this benefit by registering as a member of TiE Bangalore before 1st December 2012. An interesting move by TiE, along with the help to the startups, this will also help TiE to increase it's base. More on the website.

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