Mohit Tater's Blog, page 659

How SQL Union Queries Can Make a Difference in Your Business Operations

Union queries are very useful in business operations, whether you are using SQL or Access. It allows you to combine the results of different Select statements together – basically combining results from separate sets of data. In a Union query, each Select statement is executed separately, and then their results are displayed one after the other. Unlike a Join query, a Union query does not require a relating field/data between the data sources.

But how can this be useful in your business operations?It is normal for a business to have many different data sources: stock orders, customers, employees, vendors, sales transactions, etc. There will be times that you need to get data that is scattered across these different data sources into one query.

Here are some examples where Union queries can be used to collate data for your business:

Creating Mailing lists – One of the most common examples of using Union queries is to get the contact information for Employees, Suppliers/Vendors, and Customers from different data sources. With Union queries, it is easy to get contact details, names, and other user-specific data for mailing lists or other data use (e.g. determining locations of suppliers and customers).

Stock/Inventory management – Incoming and outgoing stock/inventories are usually tracked separately using Purchase/Order and Sale/Dispatch tables. Using Union queries, it is possible to quickly bring the two data sources together to help determine the current stock levels.You can get data on dates, product names and other identifiers, and the amount of stock that either came in or were taken out.

Combining multiple instances of the same table – Sometimes, by accident or design, you’ll find that you have multiple tables where you should only have one. Someone may have accidentally copied data and worked on the copy or someone had to work offline and had to use a copy to update the main data source later. Union queries can be helpful in combining these multiple tables.

Collating data from different sources- An example where you have different data sources is if you have field agents or branch offices that are not connected or don’t have access to the main offices’ data. They would have to work on their own local data that they then send to the main office. These can be expense reports, sales orders, field reports, schedules, or other data that the main office will need to collate and keep track of using Union queries.

Merging data due to business changes – Another cause of having multiple tables is when your business acquires/ merges with another business. You will want to add their data to your existing data – which Union queries can facilitate.

While this is just a short list, it does give a general idea on the instances of when you will need to use Union queries. You may need to combine results from different data sources more often than you initially thought.

But why not just copy and paste the multiple data sources together, you may ask? That’s because the data sources may not be in the same table layout or arrangement of columns. One data source may have additional columns/information that the other data source does not have. In this case, you’ll have to manually filter or reorder the data – something that can take a lot of time if you have a large amount of data and data sources.

With Union queries, the Select statements allow you not only to reorder the arrangement of columns but specify which columns in the data sources are returned by the query. This convenience of combining data from different data sources is the main factor on why Union queries can make a difference in your business.

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5 Reasons Why Entrepreneurship is on the Rise

Entrepreneurship is more alluring than ever, and today’s technology makes this type of professionalism easier than you might imagine. The siren call of the independent businessperson is getting stronger, with a wealth of compelling reasons for you to consider.

Flexible Jobs Cater to Core Abilities

The job marketplace has never been more welcoming for entrepreneurs who want to work for themselves. Within a matter of days, you can launch yourself as a successful Uber driver, for example. Dozens of direct sales companies offer the opportunity to sell products that you’re passionate about, whether you’re interested in bold nail designs, upscale cookware, or supplements and health products. Get on eBay, Amazon, or Etsy, and you have a vast platform for selling anything from books to handmade soaps.

You don’t need a master’s degree, a thick portfolio, or an impressive resume to excel at any of these jobs. They offer a powerful way to turn basic abilities and sheer grit into a hefty paycheck. The tools for becoming a successful entrepreneur are more accessible and affordable than ever.

Talent Matching Platforms Aid Independent Contractors

The internet offers a wealth of talent matching sites that make it easier for independent contractors and companies to find one another. Sites such as Work Market streamline freelancing from first contact to finished project, providing a platform for finding talent, verifying credentials, managing projects, and making payments.

Upwork, which owns both Elance and oDesk, has a network of 9 million freelancers and 1.5 million clients, demonstrating the widespread popularity of this approach to work. Enterprising freelancers will find it surprisingly easy to find people who need their services, make essential connections, and set themselves up for successful entrepreneurship.

Coworking Spaces Are Increasingly Available

Every entrepreneur needs a workspace that’s conducive to productivity. For many, their home environment simply can’t cut it. The expense of renting a commercial business location was once a barrier to building your own business. In fact, the 2015 Amway Global Entrepreneurship Report identified financial burdens as the top barrier to starting a business.

Fortunately, coworking facilities are eliminating a significant part of the financial expense associated with working for yourself. For a moderate fee, you can sign up for a membership to a coworking space. These facilities can offer everything from a quiet desk with fast internet access to meeting rooms, break areas, and business equipment such as copiers and fax machines. These coworking environments are also an ideal place to meet and mingle with other entrepreneurs who might prove to be valuable contacts in future endeavors.

Outsourced Assistance Makes It Easy to Achieve Independence

As an entrepreneur, you’re in charge of every aspect of your business operation, but this doesn’t mean you have to master the functionality of every department. There are a growing number of service providers that will allow you to outsource essential functions. If you’re starting a small business, you can turn to a professional employer organization for support services such as payroll administration, recruiting support, customer support, and performance management. The cloud offers access to powerful programs that would have once required a dedicated IT department. In-house assistance is no longer necessary.

Flexible Schedules Open a World of Opportunities

One of the most alluring aspects of entrepreneurship is the ability to set your own schedule. Although this doesn’t always mean long weekends and short work days, it does mean that you can adjust your daily duties to suit your personal strengths. If you’re at your best in the evening, you can tackle major projects after the sun sets. If you prefer a 16-hour day with frequent breaks to eight hours with your nose to the grindstone, you can make the switch.

Today’s entrepreneurs can also look to widespread internet access and cloud computing to help them take their business on the road. Although you might not get a weeks-long beach vacation work-free, you can still take your work with you to the beach.

Entrepreneurship has a very different face today than it once wore. If you’re interested in becoming your own boss and launching an innovative new business, the time has never been better.

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The Age of Consolidation: Sustaining Your Business Model During Difficult Times

If there is a single trend to define the financial markets over the last week or so, it is the consolidation of asset class performance and price points. Much of this has to do with a lack of major data releases (since the latest Fed policy meeting in the U.S.), with

global investors having instead turned their attention to the latest Trump-administration policies concerning tax relief.

So although the majority of the world’s leading indexes secured moderate gains during the course of the last week, there was a noticeable absence of volume while a clear theme for consolidation emerged as the economic (and geopolitical) climate steadied slightly. The DJIA and the SPX indexes rose by 0.7% and 0.52% respectively, however, and this minor growth is expected to continue indefinitely.

How Businesses Are Set to Follow the Example of the Financial Marketplace

We have also seen a shift towards consolidation in the UK banking and finance sector, where lenders are reducing savings rates while it is largely expected that mortgage rates will increase incrementally during the second financial quarter. This is a trend that is also evident in the U.S. and Australia, while it is indicative of lenders who are keen to optimise their capital income during uncertain times.

As ever, the prevailing outlook of the marketplace and the trend for consolidation is something that is having a profound influence of businesses, particularly in terms of how they scale and manage their underlying models. After all, scope and planning are required to ensure that any business model can survive periods of consolidation and stagnation, while the processes of securing funding and managing investments must also be reconsidered.

This is a daunting prospect for small and medium-sized ventures with minimal financial resources, so it is important that these entities seek out advice and take practical steps towards optimising their wealth in the current climate. The first step is to solicit some expert guidance, with service providers such as WHIreland well-placed to help consolidate your companies’ wealth and grow this in-spite of the prevailing economy. These firms often consolidation is unison with major banks and lenders, ensuring that they have real-time market knowledge that can optimise your resources.

What Else Can You Do to Consolidate and Manage Your Wealth?

Another key piece of advice is to consider creating a leaner business model, in preparation for a potential stagnation in turnover. This will enable you to maintain a healthy profit margin, optimising your businesses wealth and resources as a result.

With a leaner business model and an expert wealth management partner, it is possible to adapt your commercial model and empower it to succeed during austere economic times. This is crucial during a period of consolidation in the financial markets, as this tends to dampen consumer and business confidence over time and can lead to a period of widespread stagnation.

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Why Online Casinos are Highly Interested in Apps?

Online casino industry is the online betting casino which is used for betting or gambling using the internet. Online betting has become one of the most popular and profitable business in the world.

Especially in this over flowed online casinos over the internet there are two very popular advertising strategies being executed online to draw the interest of gamblers. As it is the most popular online pastimes site among US individuals so it is a very profitable for investing in digital marketing.

There are two popular tools which are used by casino industries for promoting marketing.

Lucrative Bonuses: Online Casinos are one of the faultless marketing tools used by casinos although it is said to be bonus tools. The casino owners realize that they need to invest in bonuses to appeal the market which makes these bonuses a standard for online casinos in comparison to territory casinos.
Modern Culture: Modern pop culture is used in online casinos nowadays. They use strategies like promotions and games based on specific themes like film, fashion, history, places in promotion of their sites.

Marketing online casinos are quiet tough but it depends on the trust and loyalty of the customers created by casino owners. Casino owners have to use smart strategies to endorse its online sites by tactics and developing fruitful relations with the public.

Ease of Promotion on Smartphones

The promotion of online casinos helps players gain attention to the particular online sites. The pattern and design of the sites should be such that attracts the player at on glance. It should also have a secure site which helps the player to feel secure enough to invest in the online casino sites. So it should have the most trusted reliable software.

Online Casinos like Betfair casino emphases on creating values to customers in everything and also positively succeed in building trust and loyalty amongst the players.

Digital marketing is mainly done to reach the highest amount of potential customers. It is a very cost effective strategy owned by casino owners. As casino is so social in nature it is a very good platform in marketing and endorsement. Online casinos engage and communicate with savvy websites, search engine optimization (SEO), social media marketing and mobile campaigns.

Growing Number of Smartphone Users

Even smart phones users are growing and the number of viewers to mobile sites also increases. If casinos aren’t optimized for mobile sites it will be difficult for users to navigate and find the information they look for. It helps users receive promotions see latest updates and events and help navigate directions to the casino.

Online casino sites in New Jersey market their apps and attract the players at one glance. It is the most secured legalized online casino sites which help players play either free of cost or with real money. It is the most attractive sites which will help players to use this online casino sites.

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Spread Betting – What Are the Benefits and Best Practices?

If you are considering looking at investment this year, and want to make your money work for you by following the financial markets, then there are lots of options open to you. Some, like trading CFDs, forex and commodities, can actually be more profitable in times like we are experiencing at the moment when there are major political and economic events like Brexit, and the Trump presidency, as these tend to lead to the kind of volatility that traders can do well out of (or badly out of, too – but things are definitely interesting).

Others, like investing in stocks, or generally taking long term investment positions, can be less safe in ‘interesting times’. What can be better, for a lot of people, is choosing something like spread betting, that allows you to use your predictions of what will occur in a market without actually investing in it in the traditional way.

Why Is Spread Betting Advantageous Right Now?

Spread betting allows you to profit even when markets are doing badly, just by predicting that that is what will happen. You do need to keep up on current events, but you can choose positions that last only as long as you want to stay involved. If you think a big announcement that is going to happen next week will have an effect on a market, you can bet on that, without having to remain tapped in to financial news related to that market permanently as you would if you were buying stocks or trading a forex pair. Additionally, you can carry out all your spread bets using your own regular currency and without paying high commissions or taxes on any profits you make.  It is, from a tax point of view in the UK, considered the same as gambling winnings.

Best Practices if You Want to Start Spread Betting

Spread betting is pretty easy to get started with. You just need to set up an account on an online trading platform, and have some capital you are OK with risking for a potential profit. You can stake as little as you want to begin with, which is another reason why spread betting is a good choice for beginner investors.

Planning and Strategy

However, while it is easy to start, you do need to have some best practices in mind to make sure you are not putting yourself at unnecessary financial risk. Spread betting can be approached like any other kind of gambling or ‘playing the markets’ – you need a plan and a strategy that include what your entry and exit criteria are for any given position, and how much capital you are willing to stake on something. With any investment you are advised to trade based on analysis and intellect rather than emotion, so it is also prudent to base your decisions on your research and knowledge rather than on things like anxiety about trying to recoup a loss you may have made. Good spread betters have a plan, stick to it, and stay up to date on current affairs that affect the markets they bet on. Have a strategy to do that, and the world is effectively your oyster!

The internet too makes it easier than ever to be a good spread better, so use it. Choose a good online trading platform, find news sources that give you what you need, and also try joining communities with other spread betters where you can discuss bets and approaches and their pros and cons. Nothing is ever black and white in economics, and getting some other people’s ideas can often help you make good choices.

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The Advantages of Engaging in Real Estate Business

If you’re one of those entrepreneurs who is looking to diversify your business profits into more than just a savings account, then you’re in the right place.The real estate sector opens up a world of opportunity both to seasoned and first-time property investors. It combines the ability to make passive income and liberty of working on personal terms.

There are many advantages if you engage in real estate, and while it’s not particularly glamorous, it’s one of the best ways to build wealth over time, especially for the entrepreneurial-minded.

The real estate market is forever. While the economy impacts the buying and selling process of any sector, overall real estate as a sector does not end completely. The value of real estate generally goes up despite recessions. Values continuously increase over time. This makes the real estate business forever. Years from now a property will always be worth far more than investors paid today.

Cash flow advantage. Most people invest in rental properties because of the cash flow or the extra money that’s left after paying all the bills. The cash flow also provides ongoing, monthly income that’s mostly passive, letting you spend your time building your business, doing your thing or investing in more real estate.

Cash flow from real estate is very predictable and far more stable than most other businesses. This is great for entrepreneurs who are enduring the ups and downs of startup life.This cash flow will help you through your entire real estate journey.

Loan pay down. If you buy a rental property through a mortgage, the tenant is actually the one paying the mortgage repayment, which increases your net worth every month. Because of this, you essentially have a savings account that grows automatically, without you having to deposit money each month.

Tax benefits. The government rewards rental property owners through reduced tax. The government offers tax benefits including depreciation as well as significantly lower tax-rates for longer term profit.

Full control. Choosing real estate allows you to take full control of your success or failure.If you want to get a better deal, you need to hustle to find it. If the rental market becomes more competitive, you can compensate by increasing your advertising, if the values drop, you can choose to wait it out or improve the property to increase its value.

Looking to invest?

For instance, buying a Lendlease property near Wollongong, particularly in Calderwood Valley lets you take advantage of one of the largest master planned communities in the Illawarra Region. The budding community is a perfect investment option both for seasoned and first-time property investors. Check it out.

End Note

Engaging in real estate business is a worthwhile effort that will help you get financial freedom in the long run as long as you plan effectively and commit fully. Don’t think that just by owning rental properties you are instantly going to build instant wealth. Real estate is definitely powerful, but only if you work it right. Best of luck!

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Online Resources All Small Businesses Should Take Advantage of

There was a time when small businesses and entrepreneurs would pale in comparison to larger corporations. The average consumer was unwilling to branch out and give other brands a try because they were simply comfortable with the bigger name brands, or had no clue that smaller businesses existed. Fortunately, modern technology and the internet has changed the game for smaller businesses and startups looking for a piece of the pie.

Digital resources and platforms started popping up everywhere that catered to the small business community. Such resources allows them to keep up with the major brands that are out there. From digital tools used to improve productivity and project management to reputable blogs and sites, there is a lot that a small business owner can pull from to increase their chances of success. Below are a few of those resources:

·  Invoicing & Bookkeeping

Everyone who is anyone knows that when it comes to running a business, cash is king. When your finances are in order, your business has a better chance at success. Accurate bookkeeping is not only vital for managing cash flow, but for remaining in compliance with local and federal laws. Accurate invoicing on the other hand is necessary to maintain positive cash flow.

Websites such as Hloom provides financial tools such as a free invoice guide which provides you with detailed information on the invoicing process, why it’s necessary, and how to create the perfect invoicing system for your business. Educating yourself and even utilizing some of the free invoicing templates offered can give your business a professional look while also helping you to stay on top of your cash flow.

Bookkeeping software and applications can often be downloaded at an affordable cost. Such software allows you to do an array of financial tasks including creating a company budget, generating financial reports, managing your invoices, and even assist with payroll and employee relations.

·  General Office Applications

Clerical and administrative tasks within any business will require general office applications for accessibility and collaboration. You may already have word processing, spreadsheet, and presentation software on your computer, but collaboration and accessibility aren’t as easy. Newer platforms such as Google Drive, Open Office and Microsoft Office 365 offer general office platforms for small businesses to take advantage of.

Such online resources allow for easier access to documents, files, and templates you may have saved. They also can be accessed anywhere there is an internet connection making it easy to access wherever you are. Cloud capabilities make it easy for teams to work on a file together and get updates in real time.

·  Calendars & Scheduling

Punctuality in business is extremely important, and managing a hectic schedule can often be a challenge. Online resources like Google Calendar, and Appointy provide real time solutions for scheduling and time management issues. Aside from being online calendars, many have features that include real time updates, syncing across various calendars, collaborating with other calendars (for instance another employee), and customized reminders so you never miss a deadline.

·  Blogs & Government Sites

In the age of information, staying on top of the latest small business trends is imperative. While going for training or taking courses every time something new evolves might be a bit costly, there are other online resources that businesses can take advantage of. Reputable blogs and government websites for instance offer a plethora of information.

Blogs written by business professionals with a proven track record offer a third party view on how to tackle all things business. Government sites such as SBA.gov which is geared towards small businesses offers resources on everything from legal steps to take while starting a business and resources on how to make it successful.

Having a home-based business or small business used to come with an automatic disadvantage to the competition. Today however, technology and the internet have helped to bridge the gap allowing small businesses to have a fighting chance at reaching the masses. Take the time to review online resources geared towards small businesses and use them to grow your brand.

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Is Google the Next Investment Management Force to be Reckoned With?

Is there anything that Google can’t do? They are a powerhouse to be reckoned with, and rumour is, next on the list is venturing into the investment management space. But how realistic is it to think that a tech giant could be successful in the financial industry? Google are remaining quiet on the subject, but there are a few signs that have peaked our interest.

First of all is the acquisition of an artificial intelligence start-up called DeepMind in 2014 for £400m. Further rumours have been circulating that Google plans to team up with Blackrock to work out how artificial intelligence can be used in the investment management solutions space. The partnership, if true, would bring together two powerhouses in their respective industries, and an exciting platform for innovation.

The other massive advantage Google has is the access they have to a huge amount of very valuable data. Their CEO was quoted as saying in 2010, “We know where you are. We know where you’ve been. We can more or less know what you’re thinking about”. They understand the lives of a huge number of consumers on an intimate level – so who better to manage offer investment management?

Furthermore, the giant also has Google Trends which is used to analyse the vast amount of data it owns. This could be incredibly useful in terms of being the data feed for software for investment management. There are so many possibilities and use cases that we would need a far longer article to explain all of them but a simple example would be that they recognise increases in certain google searches being indicative of future market activity such as a share price fluctuation.

Then there is Google Ventures and Google Capital that have the competency to make investment decisions. All of these indicators point in the same direction – that Google could be a dominant force in the investment management industry. But let’s say we got it wrong, and Google are not interested in this diversification – it won’t be long before one of the other tech giants recognizes the synergies and takes a leap of faith. When that happens, investment management software and services providers will undoubtedly be concerned for their own ongoing profitability. How can they possibly find a way to compete? How can the incumbent providers rise to the challenge and defend against this threat? We unfortunately do not have all of the answers to that question, but the one thing that is clear is that companies will need to ensure they have access to the best data sources they can get hold of, and work hard on how they analyse and interpret that data for investment management purposes.

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Why You Don’t Need A Job To Make Money

If you’re not earning enough because you’re unemployed or underemployed, you don’t have to keep scanning the classified section of your local newspaper for a job that will help you pay your bills. It’s possible to make cash online and manage your debt. Instead of looking for work, you can create your own income stream. In today’s high-tech world where fortunes are being made from home-based businesses by ordinary people, you don’t have to force yourself to work eight hours a day at an unrewarding job at an office, store, warehouse, or job site.

There are many ways to make money at home working from your computer. You can do affiliate marketing, network marketing, paid surveys, products reviews, and so on. However, if you have a specialized skill, you could try freelancing; and if you have expert knowledge about something, you could create information products. If you decide to create your own business based on your specialized knowledge or skillsets, you don’t have to figure out the whole virtual setup from scratch.

Once you have decided on the service you would like to offer or the information products you would like to sell, you can get professional help from entrepreneurs like Danny De Michele whose digital marketing agency, Elevate, can help you design a website, drive traffic to it through search engine optimization and paid media advertising, and improve sales through conversion rate optimization.

Build an ECommerce Business

There are numerous types of virtual businesses that you could create, but for the sake of illustration, let’s assume that you don’t have specialized knowledge or skills and want to create an eCommerce business. In that case, here are the 5 steps to take:

Choose an industry.

The industry you choose should be based on two factors: what you find personally interesting and what has popular demand. For instance, if you love to cook, then you might be interested in the cookware industry.

Pick a product line.

If you’re entering the cookware industry, you’ll be competing with retails giants like Wal-Mart, so you have to choose unique niche products that can’t be purchased off the shelf. You will find these unique products through research.

Decide on the price.

If you charge too little, then you won’t have a positive return on investment. Conversely, if you charge too much, you won’t be able to make many sales. So you must find the sweet spot. You must earn enough to make a profit but charge low enough for people to think it a good deal. In order to decide on the price, you must know your margins, which is the percentage of your cut on each sale.

Find a manufacturer.

You must find a manufacturer that offers something that people can’t buy locally. The best way to find a manufacturer is by going through directories like Worldwide Brands or Wholesale Central that has thousands of wholesalers. Before a manufacturer will work with you, you will need a Resale Certificate Number or a Tax ID number, and you will have to inquire with you local state and city offices to find out what licenses you will need before you can sell physical products online.

Setting up the business.

Once you’ve got a clear idea about your business process, then the next task is to set up a virtual business. Here are 3 things you will need to do to get up and running:

1. Set up a website. This will involve getting a domain, finding a hosting account, creating logos, and deciding on a web design. Unless you’re skillful in building your own website, it’s advisable to hire a developer to get all the features you need to have a robust eCommerce website. If it doesn’t look professional, then visitors will be reluctant to buy from you despite your excellent choice of products at a reasonable price.
2. Choose an eCommerce platform. These will provide you with a shopping cart. For instance, you could sign up with Shopify at $14 a month or OpenCart, which is free. Make a list of eCommerce platforms and then decide on the best one for your budget and needs.
3. Get good at marketing. Once you’ve done your due diligence with finding the right industry, product line, and price point, and after you’ve set up your virtual business, then you should spend most of your time improving your marketing skills.

Other Business Models

Selling a tangible product is only one choice. You have many other ways of building a profitable online business. If you have a particular skill, say building WordPress websites, you could create a freelance writing business. If you have a specific passion, you could build a blog for people who share that passion. If you have a skill that others would love to learn you can become a consultant or a coach.

So the first thing you have to figure out is what kind of online business model you’re interested in. While all virtual businesses have many things in common, they also have their own unique features, too.

The idea of building a virtual business that sells all over the world and around the clock is not a fantasy. However, you have to avoid the trap the temptation to buy a turnkey business. These usually turn out to be scams. Your best chance of success is to create your own business following a proven business model.

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Why your Corporate Health Insurance is Insufficient to Deal with Health Issues?

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Despite every effort of spreading awareness about personal health insurance policies, a significant number of Indians still depend on their corporate or group health insurance plans for medical security. A majority of working individuals today are young and have not yet experienced any medical problems that might put a strain on their pockets. They think their family members are secure due to the provision for dependents in the corporate health plan.

Mr. Kapoor is a 30-year old who lives in Delhi with his wife and a 3-year old son. His company provides a corporate health plan which comes at nominal premium rates and has till now offered benefits in maternity and baby care without any waiting period. So, the family has remained financially secure till now without any medical costs affecting them personally. But, will this continue beyond a certain age? It might seem possible today,but, one can never guarantee such things in future at the age of 40 or 50 and beyond.

Considering the lifestyle changes and the rising medical costs, which reportedly have become a double-digit figure in the past few years, even more than the average inflation rate of the country, it is best suited for an individual to avail a personal health insurance policy and not depend on the one provided by the employer. This becomes more significant for those who live in a joint family.

There might be a lot of benefits that a group cover might provide like no waiting period, no burden to pay the premium and no requirement for a medical check-up before availing the policy, but at the same time, one needs to look beyond a limited cost and time coverage to remain financially secure for the entire life.It is important to remain aware of the benefits of a family health insurance cover over a group policy in terms of covering any medical emergency or critical ailments.

Group Mediclaim Policy vs. Family Health Plan

Factors

Group Health Insurance
Family Health Insurance


1.      Customisation
As it is bought by a company, it is not possible to customise the policy as per the requirements of policyholders.
 It can be customised according to the requirements of the family.


2.      Coverage
This policy often provides a limited cover (Rs 2-4 lakhs) to the employee and his/her dependents.

There might be no coverage for parents in some group health plans.
The amount or sum insured can be decided on the basis of personal requirements.

This policy covers all the family members. A separate health plan for parents is also available.


3.      Rider Plans
It is a uniform policy and no employee can avail any rider on it unless provided by the employer.

Riders can be bought by an individual as per the needs. It depends on the policyholder if he/she wants to avail top-ups or super top-ups to increase cover at nominal premium rates.An employee can also avail a critical illness rider plan to cover any

An employee can also avail a critical illness rider plan to cover any critical ailments in the future.

4.      Job Switch
The policy will not offer coverage if the employee leaves the job. In this case, if the new employer does not provide any health cover or offers a cover lesser than the previous one, then the individual might suffer.
There is no effect on a health insurance plan due to job switch.


5.      Cost-cutting
In case of cost-cutting, this is a benefit which the company might reduce or withdraw.

 
The family health plan will not be discontinued even if the insured is trying hard to save money..


6.      Retirement
Most companies do not offer any health cover to their retired employees.

In such a case, a person will remain without any medical coverage after retirement.
Most of the individual health insurance plans come with a lifetime renewability feature. It means, the policy will offer coverage even after retirement.

In addition to this, many corporate health insurance policies have additional clauses, like co-payment and deductible in order to cut costs. It means, a substantial amount of cost has to be borne by an employee itself.

It can be clearly seen that a family health plan is much better to avail as it provides one more choice in the long-term than a corporate health insurance policy. Please add it to your insurance portfolio as it is quick and easy to buy a health insurance plan online. Moreover, mediclaim policies are portable.

As medical inflation, has increased at an unprecedented rate, it is necessary to buy an individual health insurance policy.

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