EMPLOYEE HEALTH
Star Health launches home healthcare initiative; to cover 50 cities & towns in phase one
Star Health's groundbreaking Home Health Care Service, led by Anand Roy, in partnership with Care24, Portea, and CallHealth, expands to 50 cities, ensuring affordable and prompt medical assistance. Dr U Hari Hara Sudan highlights the cost-effective treatment packages, while the company reports substantial financial growth in FY2024, with a gross written premium of Rs 15,254 crore and a net profit of Rs 845 crore.
Star Health aims to double Gross Written Premium to Rs 30,000 cr in 4 yrs: MD
Star Health and Allied Insurance Company Ltd. has set a target to double its Gross Written Premium to about Rs 30,000 crore over the next four years. The company, based in Chennai, has recorded a profit after tax of Rs 845 crore, a 37% increase from the previous financial year. The company has approved claims of about Rs 44,000 crore since its inception in 2006.
Health insurer Niva Bupa, Sagility India files draft papers with Sebi for IPOs
The IPO, with each share having a face value of Rs 10, consists of a fresh issuance worth Rs 800 crore and an offer for sale totaling up to Rs 2,200 crore by the promoters and existing investors. As part of the OFS, Bupa Singapore Holdings and Fettle Tone will be divesting their stakes.
Mandatory linking of CGHS beneficiary ID with ABHA for central govt employees suspended; should you still do it?
Mandatory linking of CGHS beneficiary ID with ABHA ID: The Ministry of Health and Family Welfare has announced a temporary suspension of the mandatory linking of Central Government Health Services (CGHS) beneficiary ID with Ayushman Bharat Health Account (ABHA) ID. Citing a review of their earlier directive, the Ministry issued an office memorandum on June 25, 2024, stating the decision to put the implementation on hold until further notice. This move aims to reconsider the compulsory integration of the two IDs, allowing for future deliberation on the matter.
Aligning business goals and decoding employee behaviour: A modern strategy for MSMEs
Alignment between business goals and employee behaviour is not a one-time effort but an ongoing process that requires continuous attention and adjustment.
Health tech startup Alyve Health raises $5.5 million funding from Axilor Ventures, others
Health tech startup Alyve Health raised $5.5 million led by Axilor Ventures for platform enhancement and talent acquisition in Mumbai. Earlier in April 2022, it raised seed funding of $900,000 from Axilor Ventures and 1Crowd Fund.
Nearly 90% Indian employees say they are suffering, over 40% are sad: Gallup Workplace Report
The Gallup 2024 State of the Global Workplace report reveals that only 14% of Indian employees feel they are "thriving," while 86% are "struggling" or "suffering." South Asia shows similar trends, with low levels of thriving. Despite high daily anger rates, India boasts a 32% employee engagement rate, surpassing the global average of 23%.
Not just employers with benefits! India Inc looks to be more to woo talent
Corporate India is offering new-age benefits, realizing that attracting and retaining talent requires more than just high salaries. Cos offer new-age perks like cash for self-development, health insurance for siblings and pet care to woo talent
Byju's processes employees' May salaries from business collections
BYJU'S processed employees' May salaries from business collections. Salaries paid from company's collections, highlighting financial health and debt-raising challenges. Company raised debts, implemented strategic initiatives. Investors, including Prosus, General Atlantic, Sofina, Peak XV, Tiger, Owl Ventures, approached NCLT Bengaluru.
Companies look to rework benefits for multi-generational workforce: Survey
A survey by Marsh India Insurance Brokers revealed 70% of companies seek new-age benefits and 50% aim to cater to the multi-generational workforce, focusing on Generation Z. Employers are designing comprehensive benefits tailored to diverse needs, including mental health support and flexible solutions.
Eat, pray, work.. want a detox retreat? Step into your office
According to a report by fitness technology company GOQii last month, almost 45% of India's population hovers dangerously close to being classified as unhealthy, adversely affecting not only individual mental and physical well-being but also diminishing productivity.
Razorpay revamps health insurance policy, provides coverage for vital medical treatments
Razorpay unveils new employee health insurance policy covering vital treatments like HIV/AIDS and conditions such as polycystic ovary syndrome. Employees can customize plans to include siblings, LGBTQIA+ partners, and enhanced maternity benefits. The move aligns with the trend of personalized, comprehensive healthcare offerings in India.
Canada govt imposes Rs 82 lakh penalty on Infosys for alleged underpayment of tax
"Penalty imposed on alleged underpayment of Employee Health Tax for the year ended December 31, 2020," the filing said, which mentioned a penalty of 1,34,822.38 Canadian dollars has been imposed on the company. Infosys said that there is no material impact on financials, operations or other activities of the company.
PM Gati Shakti to aid in expanding social security
To begin with, the ministry has geotagged 1.3 million establishments covered under the Employees' Provident Fund Organisation (EPFO), about 1.5 million under the Employees' State Insurance Corporation (ESIC) and 104 ESIC hospitals for assessing the current social security coverage and planning future expansion.
Stepping up to beat the heat: India Inc lines up cool work plans for staff this summer
Several companies in India are implementing flexible work practices for white-collar workers, particularly those in sales and field-related roles, to protect them from the extreme summer heat and maintain efficiency. With the Indian Meteorological Department warning of a potentially record-breaking hot year in 2024, companies like Panasonic, MG Motors, KPMG, Deloitte, Mudrex, and PeepalCo are adopting measures such as flexible work hours, online meetings, hydration stations, and awareness campaigns on heat exhaustion.
Mandatory linking of CGHS beneficiary ID with ABHA for central govt employees: Check new deadline, other key details
Linking of CGHS beneficiary ID with ABHA ID: Relief for CGHS beneficiaries! The Ministry of Health and Family Welfare (MoH&FW) has extended the deadline for linking CGHS beneficiary IDs with ABHA numbers by 120 days, from June 30, 2024. Initially, the ministry asked all the central government employees to mandatorily link their CGHS beneficiary IDs with ABHA numbers from April 1, 2024. The ministry said, "To assist the CGHS beneficiaries, KIOSKS shall be made operational at all the wellness centers by 30.06.2024." Here's what all the central government employees must know about linking CGHS beneficiary ID with ABHA ID.
Workplace injury reports show slight rise among top 1,000 listed companies
According to recent data from Prime Database, shared exclusively with ET, 268 companies reported 5,244 work-related injuries to white-collar employees in 2022-23, compared to 392 companies reporting 9,867 injuries to blue-collar workers during the financial year.
More companies offer IVF coverage even as they rationalise costs
Rising IVF coverage in corporate health insurance renewals with sub-limits managing premiums. Firms add cosmetic benefits amid medical inflation. Growth attributed to health and wellness benefits.
Burmans ask Care Health to claw back Rs 350 crore ESOPs given to Religare's Saluja
The Burmans have threatened the Care board that if it fails to nullify the employee stock options, then legal action will be taken against the directors, including attachment of their personal assets.
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