Category Archive : Insurance

Pandemic Surprise: Health Insurance Doesn’t Equal Wellbeing

We have learned a lot about ourselves since the start of the COVID pandemic. Both personally and professionally, we have learned that life can turn on a dime. The lessons do not stop there. Even corporate America has learned a thing or two. For example, companies have begun figuring out that health insurance does not equal wellbeing.

This could be the biggest pandemic surprise of all in the corporate environment. For the better part of a decade, wellbeing in the workplace has been tied to health insurance premiums. Companies embarked on wellbeing initiatives so that they could check a box on their insurance applications in order to keep rates lower. But practically speaking, viewing wellbeing through that perspective accomplished little – if anything at all.

A New Emphasis on Wellbeing

The COVID pandemic forced companies to place a new emphasis on wellbeing. What it did not do is tell employers how to go about it. Employees stepped up and provided the answer. They did so in multiple ways, including making it be known that they prefer working from home.

Forbes Councils Member Alan Fergusson wrote a post in late July 2022 discussing how the COVID pandemic and remote work has influenced the wellbeing concept. In his piece, he cited the survey from the National Business Group on Health and Optimum revealing that working from home actually improves employee wellbeing.

Among the 2,000 employees surveyed, many reported that working at home gave them more economy over the jobs. It reduced their stress as well, including stress involved with the daily commute. As a result, they were happier and more productive.

Wellbeing Is about the Work

The one thing we seem to have missed all these years is understanding what wellbeing in the workplace is all about. It is not about physical or mental health. It is not about productivity and efficiency. All those things are ways to measure employee wellbeing. But wellbeing itself is about the work being performed and how it is being performed.

Employees who feel like nothing more than a cog in the wheel tend to be more unhappy about their jobs. In the end, they rate their wellbeing comparatively lower than happy employees. The fact is that workers would rather feel respected and valued by management than get a free lunch. They would rather know their input is taken seriously than attend the company-sponsored summer picnic.

The Great Resignation as Proof

There will always be those employers who do not want to associate a poor work environment with equally poor employee wellbeing. But the proof is there to be seen. Take the Great Resignation. Stepping back and observing the Great Resignation’s driving forces clearly demonstrates that unhappy employees are resigning in hopes of finding something better elsewhere.

BenefitMall, a Dallas general agency that represents more than a hundred carriers along with thousands of brokers, has written extensively about the Great Resignation. Many of their posts go back to the same basic concept: employees are no longer willing to work under the old model. They are no longer willing to be treated as human resources. They are demanding to be treated like human beings.

Employee wellbeing is more about work environment than health insurance. It is about how employees view themselves in the larger picture that is the workplace. If they are unhappy in their current circumstances, their wellbeing will suffer. No amount of health insurance benefits, gym memberships, etc. will change that.

Improving employee wellbeing is a matter of changing the way employees are treated. Treat them right and wellbeing goes through the roof. Treat them poorly and wellbeing goes out the window.

Supplemental Health Insurance: What It Is and Why It Exists

Has your employer started offering supplemental health insurance for 2022? If so, do you know what it is and why it exists? Supplemental health insurance is not a new phenomenon. But as America’s employees have begun expecting more out of their benefits packages, companies are looking at supplemental health insurance as a means of boosting benefits without spending a lot of money.

Supplemental health insurance also isn’t limited to employer-sponsored plans. Just ask anyone already enrolled in Medicare. Even people who purchase health insurance on the individual market take advantage of supplemental plans from time to time. Whether or not they should exist is a matter of debate. The fact that they do exist is not.

What Supplemental Health Insurance Is

The simplest definition of supplemental health insurance comes from the NIH’s National Cancer Institute. The Institute defines supplemental health insurance as “an additional insurance plan that helps pay for healthcare costs that are not covered by a person’s regular health insurance plan.” That is pretty straightforward.

You may have a basic health plan through your employer. That plan offers coverage for a limited number of things. If you need tests, treatments, or procedures that are not covered by your basic plan, you either purchase supplemental insurance or pay out-of-pocket. Supplemental insurance would cover those additional expenses up to a predefined limit.

Supplemental insurance comes in many forms, including:

  • long-term illness coverage
  • catastrophic illness coverage
  • private disability insurance.

You can even buy supplemental policies that are specific to one or two conditions. A supplemental policy covering cancer treatments is a good example. You could not use it for anything else. But if you got cancer, it would kick in once you reached the limits of your basic health insurance plan.

Supplemental Plans Through Your Employer

Supplemental health insurance used to be unheard of in the workplace. Employers offered standard health insurance policies along with retirement plans and, if they were especially generous, dental and vision. But things are changing. According to Dallas-based BenefitMall, a general agency representing more than a hundred carriers nationwide, supplemental plans are more popular than they have ever been.

The thousands of brokers who rely on BenefitMall for general agency services can offer their clients any number of supplemental plans offered by carriers under the BenefitMall umbrella. They are doing so more frequently as a way to enhance their benefits packages.

Supplemental Insurance under Medicare

Perhaps you are approaching retirement age and looking forward to Medicare. Do yourself a favor and research Medicare’s four parts. Medicare is the government insurance plan that covers people aged sixty-five and older.

Medicare has four parts:

  • Part A – Major medical that covers things like hospital stays.
  • Part B – Standard medical coverage that covers office visits, routine tests, etc.
  • Part C – Known as Medicare Advantage, Part C expands the scope of Parts A and B.
  • Part D – Provides coverage for prescriptions.

The point of bringing this up is to say that only Parts A and B are standard for all Medicare patients. Parts C and D are considered supplemental insurance that Medicare participants pay for themselves. Without these two supplemental policies, patients are left to pay for uncovered services out-of-pocket at the time these are rendered.

Supplemental health insurance exists because base health plans do not cover everything. And what they do cover is generally not covered at 100%. A supplemental plan adds extra coverage to make up for basic plans shortfalls. Is it worth it? Each individual consumer has to decide that for themself. It may or may not be worth it to you.

How to make the most of your motor trade insurance

You’re a motor trade expert – but when it comes to trade insurance, it can feel as though you’ve just gone to the back of the class. At first sight it can be complicated. At second sight too.

In practice, you need to deal with an insurance broker who is expert in the insurance market, knows the wrinkles in these policies, and can advise you on how to make the most of your insurance.

Many part-time motor traders, for example, don’t want a policy that assumes they have staff and a premises to cover – it’s overkill. On the other hand, some businesses need a full level of cover for public liability, premises, theft, fire and a range of other risks.

How does the broker figure out your insurance?

A specialist motor industry broker such as knows all the variables that make up the total risk in a motor trade business. They’ll know the whole market, so will be able to pick the right selection of insurers. And they have in-depth knowledge as to which insurers focus on which elements of the market.

Getting the best value on your premium

The good news here is that your no claims bonus on another policy could be transferable. If you have a good no-claims on any other policy, including as a private car driver, it may well give you a discount on your new policy.

Another way to bring down the premium is to restrict who can drive your vehicles. Covering any driver is going to be more expensive than using named drivers. If you have a couple of employees who do the driving, it may be a good idea to add them individually to the policy.

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When you apply, don’t hide any past claims, just to try and knock a few quid off the quote you get. If you ever have to claim on the insurance, you’ll run into major problems if you’re found to have understated the truth, and there’s not much point in that.

And the best bet is to use a specialist trade broker online to get a quote – they’ll be set up to understand your requirements, and will have extra offers from insurers because they place a greater volume of business with them.

How to Get a Reliance Life Insurance Policy?

Reliance Nippon Life Insurance Company is considered one of the premium life insurance providers in India for many good reasons. Along with providing a full basket of high-quality Reliance life insurance products and services, it is known for its knack for designing comprehensive insurance policies for taking care of the diverse needs of a varied customer base. Regardless of the type of life insurance plan you wish to purchase for meeting the short and long-term financial goals of your family, you can surely find a plan that meets your needs and budget to perfection.

Here, we aim to discuss some important things that cannot be missed as you go about your purchase of the best Reliance life insurance plan online. You will also get to read some essential tips for purchasing the right retirement planning life insurance policy.

Which Reliance Life Insurance Policy the Best?

Reliance life insurance serves to be a long-term financial tool that works as a financial backbone for fulfilling the financial needs of your family members when you are no longer around to support their needs. More importantly, with the appropriate Reliance life insurance plan in place, you can help your family pay off mortgages, liabilities, education loans, medical expenses, and other debts to alleviate the concerns of additional financial pressures.

Given these reasons, it is very important for you to compare and buy the best life insurance plan so that your family members may continue to enjoy the same standard of living after you. Insurance aggregator and comparison websites of the likes of are well-equipped to help you get the best life coverage at the lowest possible premium costs.

These sites have helpful insurance comparison and computation tools to help you get the appropriate coverage for securing the needs of your family. Reliance Nippon Life Term Plan, Reliance Nippon Life Online Term Plan, Reliance Nippon Life Online Income Protect are the oft-purchased Reliance Nippon Life Protection Plans.

The savings & investment plans by Reliance Nippon include Reliance Nippon Life Guaranteed Money Back Plan, Reliance Nippon Life Fixed Savings, Reliance Nippon Life Bluechip Savings Insurance Plan, Reliance Nippon Life Super Money Back Plan, Reliance Nippon Life Endowment Plan and many more – compare and choose accordingly.

Things You Cannot Miss About Reliance Life Insurance

Given below are some important points to remember and some effective tips for purchasing the best Reliance life insurance plan.

Steps to Buying a Full Reliance Life Insurance Protection Package

1. Self-analysis

Where do you see your financial graph going in future? What is the current size of your family? Are you the sole income provider for your family? These and related self-analysis question will help you estimate the best Reliance life insurance product in line with your coverage needs and current savings.

2. Evaluate Options

Once after having made certain of the finances that constitute your expenditures in the near and distant future, you will be in a better position to evaluate the benefits and features of the Reliance life insurance plans on the racks. There are different coverage plans available for life insurance buyers like you.

For instance, you may want to consider a pure term life insurance plan to provide cover for the sake of family protection. Additionally, as per your specific other needs, you may want to check out the features of health, savings, child or other Reliance life plans.

3. Research Well

After adequate research upon the types and covers of Reliance life insurance plans that are suitable for you, it is important to go through the fine prints that contain information about exclusions and inclusions, terms and conditions, riders and benefits, and the claim settling process to ascertain the best plan benefits for yourself.

4. Calculate Premium

After identifying the perfect Reliance life insurance plan, it is essential to use a smartly-designed online premium calculation tool to assess the costs of insurance for yourself. The premium payable would depend on the amount of coverage, tenure of the policy, age at entry, etc.

5. Read the Documentation

The offer document is an important part of the purchase of your life insurance policy online and it is recommended that you read it properly before making your purchase decision. Ask questions if needed but get a complete understanding of all the underlying terms of engagement before signing on the bottom line.

6. Final Confirmation

Your Reliance life insurance policy is for life. Given this, it is essential that you conduct a thorough and complete analysis of all facts and figures so as to comprehend the nature of the benefits and features offered by the plan.

In case of any discrepancies in the provided information, or there being any disagreements linked to the same, you can take the exit route within the lock-in period defined by the company.

Way Forward

Your Reliance life insurance plan permits you to offer adequate financial security to your loved ones in case of any mishap that may take place. Though no claim amount can make up for your absence, it is still prudent to buy life insurance online. Do so by logging into at the earliest.