How Vision Beyond Ensured Holistic Group Term Life (GTL) Coverage with Loop
Vision Beyond collaborated with Loop to provide health benefits and GTL policies, underlining a focus on employee well-being and satisfaction.
Vision Beyond faced issues with employee well-being, needing better preventive care and life insurance solutions. Previous providers left them dissatisfied.
Vision Beyond partnered with Loop, implementing GTL policies and extending support during losses, reflecting responsiveness and empathy in enhancing employee care.
The collaboration resulted in positive employer branding, quick claim settlements, and marked growth. It emphasized Vision Beyond's commitment to financial and emotional support.
Challenges
Employee Wellbeing
With the majority of its operations in the IT industry, Vision Beyond found itself grappling with the challenge of employee well-being and preventive care. Employees working in various shifts were exposed to different risks, such as accidents during commutes at odd hours. The company needed a robust solution that would secure the lives of its employees and provide comprehensive health and group term life (GTL) coverage.
"Our employees are our family, and keeping them safe and secure was our top priority," shares
Lalit Lohumi, Manager - TA & HRBP (India and UK Operations) at Vision Beyond.
Previous Dissatisfaction with Life Insurance Providers
Though previously partnered with other insurance providers, Vision Beyond faced dissatisfaction in claim settlements and endorsements. They required a responsive and effective partner that would align with their digital-first approach.
Solutions
Partnership with Loop
Vision Beyond found its perfect match in Loop, a dynamic agency that offers seamless healthcare services. The partnership not only aligned with Vision Beyond's emphasis on minimal data loss but also allowed the company to offer efficient health benefits to its employees.
"Our collaboration with Loop was like finding a missing puzzle piece. Their responsiveness and empathy aligned perfectly with our values," says Lalit.
Comprehensive Group Term Life (GTL) Policies
Recognizing the escalating risks, Vision Beyond implemented GTL policies to ensure the families of deceased employees could benefit more, considering unfortunate cases of casualties within the organization.
Human Touch and Collaboration
Last year, a young recruit of just 21 years was met with a fatal accident while traveling to work for the US shift. Unfortunately, this year brought two more heart-wrenching losses. A young girl of 23 died of cardiac arrest, and a 31-year-old manager lost his life in a road accident.
During these trying times, Vision Beyond's HR extended employment opportunities to the affected family members, reflecting the organization's commitment to its employees. Loop's responsiveness and collaboration in claim settlements stood out as significant factors in ensuring timely aid.
"We don't just settle claims; we hold hands during the darkest times. Loop made sure of that," recounts Lalit.
Result
Positive Impact on Employer Brand
The collaboration with Loop has positively affected Vision Beyond's employer brand. Employees have expressed a sense of peace and security, knowing they have access to life insurance and GTL services.
Quick and Efficient Claim Settlements
The partnership with Loop has proven fruitful, with claims settled within just three working days in some instances. These timely actions have supported grieving families financially and underscored the importance of having a reliable partner in times of sorrow.
Continual Growth and Satisfaction
Marked by growth and satisfaction, Vision Beyond's association with Loop reflects a journey of care, collaboration, and commitment, paving the way for continued collaboration in the future.
Conclusion
Vision Beyond’s story stands as a heartfelt testimony to their commitment to quality, innovation, and compassionate support for their employees. Their decision to offer GTL is a differentiator in an industry where many companies do not provide this benefit. With Loop, they have not only provided financial security but emotional support, ensuring a robust and caring environment for their employees.
It echoes Vision Beyond's dedication to its employees, establishing it as a compassionate and progressive organization. It emphasizes a human approach to business and highlights how strategic collaborations can create meaningful impact. Last year's devastating losses were met with swift and empathetic support, showcasing the real power of partnership.
In the end, Vision Beyond's story isn't just about an insurance policy; it's about joining hands to provide support and collaboration in the toughest of times. It's a tale of securing lives, enhancing work culture, and enriching the lives of employees, setting an example for how modern organizations can foster a culture that prioritizes well-being.
"Vision Beyond isn't just our name; it's our philosophy. We see beyond business metrics to the hearts and lives of our employees. With Loop, we’ve ensured that vision is a reality," concludes Lalit.
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CASE STUDY
How Vision Beyond Ensured Holistic Group Term Life (GTL) Coverage with Loop
Challenges
Employee Wellbeing
With the majority of its operations in the IT industry, Vision Beyond found itself grappling with the challenge of employee well-being and preventive care. Employees working in various shifts were exposed to different risks, such as accidents during commutes at odd hours. The company needed a robust solution that would secure the lives of its employees and provide comprehensive health and group term life (GTL) coverage.
"Our employees are our family, and keeping them safe and secure was our top priority," shares
Lalit Lohumi, Manager - TA & HRBP (India and UK Operations) at Vision Beyond.
Previous Dissatisfaction with Life Insurance Providers
Though previously partnered with other insurance providers, Vision Beyond faced dissatisfaction in claim settlements and endorsements. They required a responsive and effective partner that would align with their digital-first approach.
Employee Wellbeing
With the majority of its operations in the IT industry, Vision Beyond found itself grappling with the challenge of employee well-being and preventive care. Employees working in various shifts were exposed to different risks, such as accidents during commutes at odd hours. The company needed a robust solution that would secure the lives of its employees and provide comprehensive health and group term life (GTL) coverage.
"Our employees are our family, and keeping them safe and secure was our top priority," shares
Lalit Lohumi, Manager - TA & HRBP (India and UK Operations) at Vision Beyond.
Previous Dissatisfaction with Life Insurance Providers
Though previously partnered with other insurance providers, Vision Beyond faced dissatisfaction in claim settlements and endorsements. They required a responsive and effective partner that would align with their digital-first approach.
Building with Loop
Constant communication
Our customer success managers keep Brevistay’s team looped in constantly. From claims resolutions to new wellness offerings, Brevistay’s team is always in the know.
100% transparency
Whether it’s endorsements or CD balance, all transactions are 100% transparent. We meet regularly with Brevistay’s team to build a more detailed picture of month-on-month execution.
Round-the-clock support
24X7 services include claims support, doctor consultations, and customer support. Even during peak COVID-19 times, support was readily available at all times. No escalations were received.
Health care solutions
With discounts on lab tests, and regular wellness sessions that are tailored for the young workforce at Brevistay, our preventive care approach helps keep employees continually healthy.
Personalized wellness sessions
We allow teams to curate a personalized wellness calendar with top experts. The 30-minute highly interactive Q&A session on nutrition, a topic chosen by the employees, saw a 95% attendance including managers and co-founders.
Modern healthcare
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Here’s what the Brevistay folks have to say:
“If I have to describe our partnership with Loop, it’s very transparent. We know how much we’re paying and all price details are clear when we started as well. The best part - we’re not involved.
We know Loop’s team is there taking ownership of our group health insurance - which is great. It’s like we’re doing everything yet nothing. The entire process is well structured, and we get responses on time so it’s all smooth.”
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HRs and employees love Loop
Loop is very cordial, patiently dealing with every insurance query. They ensure we take appropriate action in time.
Loop’s thoughtful assistance, right from in-person to moral support, shows the depth and quality of the team's commitment to their clients.
It was great to have Loop Health with us for all our medical needs
The valuable insights you provided on healthcare benefits will be incredibly helpful for our employees, enabling them to fully understand and take advantage of the perks of endorsing with Loop.
One of the best features is the in-house team of doctors and specialists. Our employees love Loop’s wellness sessions, and health check-up camps.
Our association with Loop has been an excellent experience. Kudos to the claims team because the claims are settled very well. Our employees are very happy with the health checkup feature too.
The online consultation services provided to employees through the Loop app proved to be a life-changer. We have seen many of our employees have taken benefit of the service and it actually served as a big relief to us.
Please thank Dr. Amruta for making me feel alive, happy & hopeful again. After first day of meds, I experienced 70% of positive change''
The medical advisors and the consultations from the in-house doctors has been very helpful. They are very prompt in their communication and follow up.
Loop is very cordial, patiently dealing with every insurance query. They ensure we take appropriate action in time.
Loop’s thoughtful assistance, right from in-person to moral support, shows the depth and quality of the team's commitment to their clients.
It was great to have Loop Health with us for all our medical needs
The valuable insights you provided on healthcare benefits will be incredibly helpful for our employees, enabling them to fully understand and take advantage of the perks of endorsing with Loop.
One of the best features is the in-house team of doctors and specialists. Our employees love Loop’s wellness sessions, and health check-up camps.
Our association with Loop has been an excellent experience. Kudos to the claims team because the claims are settled very well. Our employees are very happy with the health checkup feature too.
The online consultation services provided to employees through the Loop app proved to be a life-changer. We have seen many of our employees have taken benefit of the service and it actually served as a big relief to us.
Please thank Dr. Amruta for making me feel alive, happy & hopeful again. After first day of meds, I experienced 70% of positive change''
The medical advisors and the consultations from the in-house doctors has been very helpful. They are very prompt in their communication and follow up.
Loop is very cordial, patiently dealing with every insurance query. They ensure we take appropriate action in time.
Loop’s thoughtful assistance, right from in-person to moral support, shows the depth and quality of the team's commitment to their clients.
It was great to have Loop Health with us for all our medical needs
The valuable insights you provided on healthcare benefits will be incredibly helpful for our employees, enabling them to fully understand and take advantage of the perks of endorsing with Loop.
One of the best features is the in-house team of doctors and specialists. Our employees love Loop’s wellness sessions, and health check-up camps.
Our association with Loop has been an excellent experience. Kudos to the claims team because the claims are settled very well. Our employees are very happy with the health checkup feature too.
The online consultation services provided to employees through the Loop app proved to be a life-changer. We have seen many of our employees have taken benefit of the service and it actually served as a big relief to us.
Please thank Dr. Amruta for making me feel alive, happy & hopeful again. After first day of meds, I experienced 70% of positive change''
The medical advisors and the consultations from the in-house doctors has been very helpful. They are very prompt in their communication and follow up.
"For my team, having Loop is like having a doctor in the family."
This year was especially tough, but now we have Loop helping our team.
We have had Loop as our insurance broker for last 2 years, our experience is very positive. From getting the best quotes to providing unique services via their mobile app to going the extra mile to deliver best services, they've helped us make things easy and convenient for our employees.
My employees no longer call me to ask about their policy because Loop takes care of everything.
Really nice doctors. Helpful in every situation. They do a follow up to check on you. Would definitely recommend.
Appreciate Loop’s speedy response and unwavering assistance. Truly setting the bar for healthcare services.
Seamless process with quick approvals - Loop provided fantastic service even in late hours.
"For my team, having Loop is like having a doctor in the family."
This year was especially tough, but now we have Loop helping our team.
We have had Loop as our insurance broker for last 2 years, our experience is very positive. From getting the best quotes to providing unique services via their mobile app to going the extra mile to deliver best services, they've helped us make things easy and convenient for our employees.
My employees no longer call me to ask about their policy because Loop takes care of everything.
Really nice doctors. Helpful in every situation. They do a follow up to check on you. Would definitely recommend.
Appreciate Loop’s speedy response and unwavering assistance. Truly setting the bar for healthcare services.
Seamless process with quick approvals - Loop provided fantastic service even in late hours.
"For my team, having Loop is like having a doctor in the family."
This year was especially tough, but now we have Loop helping our team.
We have had Loop as our insurance broker for last 2 years, our experience is very positive. From getting the best quotes to providing unique services via their mobile app to going the extra mile to deliver best services, they've helped us make things easy and convenient for our employees.
My employees no longer call me to ask about their policy because Loop takes care of everything.
Really nice doctors. Helpful in every situation. They do a follow up to check on you. Would definitely recommend.
Appreciate Loop’s speedy response and unwavering assistance. Truly setting the bar for healthcare services.
Seamless process with quick approvals - Loop provided fantastic service even in late hours.