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Reduce Attrition with Group Mediclaim Policy

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Introduction
Covid cases may be declining, but employee attrition is still on the rise across the country, not just for small and medium-sized businesses. Industry leaders like TCS and Infosys witness voluntary employee attrition rates at 17.4% and 27.7%, respectively. Several factors contribute to an increase in employee departures from an organisation. These can include flexibility to work from remote locations, health problems, toxic management, or simply not feeling valued. Employees need to feel emotionally connected to the company.

A survey indicates that 73% of employees will leave their jobs even if they aren’t looking for one. This happens because they don’t feel part of the organisation. This is where employee benefits come in. Among the most popular employee benefits an organisation can offer is a group medical insurance policy. This article will take you through how investing in a employee insurance can help reduce attrition.

Benefits Of Reducing Attrition With Group Mediclaim Policy
Over the last year, employee turnovers have been dominating the headlines. As per a survey, companies who invested in their employee’s health policy witnessed 27% lower employee attrition rates. Before we talk about how a group mediclaim policy reduces the turnover rate, let’s understand some benefits.

Higher Retention
Employees want to feel valued and appreciated in the organisation. This ensures their long-term loyalty. Moreover, today, retaining quality talent is much harder than attracting them. Thus, offering them perks like medical policy can guarantee that.

Higher Motivation
Unhappy and unsatisfied employees won’t feel motivated to give their best work. Their productivity will also hamper, and consequently, the organisation’s revenues. Thus, these benefits show that the organisation cares for its employees. It boosts their morale and gives them a sense of satisfaction.

Peace of Mind
Along with benefits for employers, the policy has benefits for employees too. With the pandemic, one thing which everyone has realised is that life is uncertain. Thus, everyone wants to safeguard their family’s future in case anything unfortunate happens to them. The best way is an investment in an insurance plan. By taking a medical policy for your employees, you are reducing this stress and burden off them. This will connect them emotionally to the company.

Ways To Reduce Attrition With Group Mediclaim Policy
Now that we have talked about some benefits of group medical policy, let’s understand how a group policy can help reduce employee turnover.

Family Inclusions
With rising healthcare costs, everyone wants to invest in family health insurance. However, it is not an inexpensive affair. On the other hand, group medical insurance covers the insured and his dependents, including his spouse and kids, at a reasonable cost. Thus, employees don’t have to worry about health costs.

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hospitalisation Expenses
In case of medical problems, one needs to spend on various expenses like consultation, diagnostics, medicines, and more. All this takes a big chunk out of an employee’s savings. A group policy covers both pre-and post-hospitalisation expenses, thereby safeguarding your employee’s savings.

No Waiting Period
When buying an insurance policy, you must have come across the term waiting period. You can receive insurance benefits only after the expiry of this period. However, if an emergency arises, it can create a major financial strain on the employee. With the group policy, there is no such waiting period. Thus, eliminating any financial stress for your employees.

Instant Activation
Startups or new entrepreneurs who are just in the development stage may not have the desired budget to spend on health insurance for their employees. Also, some policies require a minimum number of employees. Furthermore, they can’t afford to lose their top talents. With a group health policy like at Plum Insurance, you can invest in an insurance policy for even a team of 2 members at an economical subscription.

Easy Claim Settlements
When you invest in an insurance plan, you hope to receive a quick and hassle-free claim settlement process. No one wants to be stressed by delays and documents. Group insurance eliminates all this burden. Firstly, the responsibility of settling claims is on the employer. Secondly, these policies have cashless treatments available. Last but not least, the claim settlement process has also become digital. Thus, employees don’t have to worry about anything during medical emergencies.

No Medical Checkups
Approval of Insurance policies is dependent on several terms and conditions, including prior medical checkups. If someone is suffering from a critical illness, the policy may also be rejected. However, there is no requirement for pre-medical checkups with corporate health insurance. Thus, employees with existing critical illnesses also get covered.

Wellness Plans
Nowadays, taking care of mental health is equally important as physical health, if not more. With high work pressures and family responsibilities, employees tend to lose their productivity. This is when they need their employer’s support. Thus, you get access to wellness plans with expert mentors with group plans. This will boost the employee’s motivation and respect for their company.

In a Nutshell
After reading the above article, you will have a fair understanding of how a group mediclaim policy can help to retain your employees for a longer period. Employees are the organisation’s assets, and thus, employee engagement must be a priority investment. You can even customise these policies as per your employee’s requirements. In case of any doubts, always consult an expert.

Press Release

NVIDIA resolves critical issues affecting Windows and Linux devices.

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NVIDIA resolves critical issues affecting Windows and Linux devices.

NVIDIA has released security upgrades to fix ten more bugs impacting the NVIDIA Virtual GPU (vGPU) management software in addition to six security holes discovered in Windows and Linux GPU display drivers.

The flaws make Windows and Linux systems vulnerable to attacks that could cause a denial of service, privilege escalation, data manipulation, or information disclosure.

Because all of these security flaws need local user access, potential attackers must first get access to susceptible targets via a different attack method.

Patching of eleven high severity vulnerabilities
Attackers can simply escalate privileges to obtain permissions above those provided by the OS after successfully exploiting one of the vulnerabilities fixed today.

Denial-of-service attacks or gaining access to otherwise inaccessible information can also be used to temporarily disable workstations running vulnerable drivers or software.

With the exception of the security flaws identified as CVE-2021-1052, CVE-2021-1053, and CVE-2021-1056 affecting the Linux GPU Display Driver for Tesla GPUs, which will start receiving an updated driver version on January 18, 2021, NVIDIA has patched all impacted software products and platforms.

The flaws have CVSS V3 base ratings ranging from 5.3 to 8.4, and NVIDIA has classified 11 of them as high-risk.

The risk assessment “is based on an average of risk across a broad set of deployed systems and may not represent the true risk of your local installation,” according to NVIDIA’s security alert.

To accurately assess the risk these vulnerabilities represent to your particular system configuration, the business further suggests speaking with an IT or security specialist.

The January 2021 Security Bulletin is a complete list of security problems that NVIDIA patched this month.

Several driver updates are accessible from hardware vendors.
NVIDIA advises users to use the security updates offered on the NVIDIA Driver Downloads page to upgrade their GeForce, NVIDIA RTX, Quadro, NVS, and Tesla GPU display drivers, as well as Virtual GPU Manager and guest driver software.

According to the business, certain consumers who choose not to manually fix the weaknesses might also get security upgrades bundled with Windows GPU display driver 460.84, 457.49, and 452.66 versions from their computer hardware vendors.

Users of the NVIDIA vGPU enterprise software must sign into the NVIDIA Enterprise Application Hub in order to download updates from the NVIDIA Licensing Center.

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By plugging in a mouse, Razer Bug enables you to access Windows 10 administration.

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By plugging in a mouse, Razer Bug enables you to access Windows 10 administration.

By just putting in a Razer mouse or keyboard, a Razer Synapse zero-day vulnerability that has been publicly published on Twitter enables you to take control of Windows as an administrator.

A well-known maker of computer accessories, Razer is well recognised for their gaming keyboards and mice.

The Razer Synapse programme will immediately download and start installing on a computer when a Razer device is plugged into Windows 10 or Windows 11. Users can set up macros, map buttons, and modify their gear using the software Razer Synapse.

Over 100 million people use Razer Synapse, according to Razer, who claims that number.

The plug-and-play Razer Synapse installation contains a zero-day vulnerability that, when exploited, allows users to swiftly gain SYSTEM access on a Windows system. This vulnerability was found by security researcher jonhat.

The greatest user rights in Windows, known as SYSTEM privileges, provide users the ability to run any command on the operating system. Basically, if a user has Windows’ SYSTEM capabilities, they have total control over the system and are able to install anything they want, including malicious software.

Razer had yet to respond, so yesterday jonhat revealed the zero-day vulnerability on Twitter and provided a little video explaining how the flaw operates.

Using a mouse while plugged in to gain access to the SYSTEM
We chose to test the flaw as BleepingComputer has a Razer mouse handy. We can confirm that it took us roughly two minutes to get SYSTEM rights in Windows 10 after plugging in our mouse.

It should be emphasised that this is a local privilege escalation (LPE) vulnerability, requiring physical access to a computer and a Razer device. To exploit the problem, all you need to do is purchase a $20 Razer mouse from Amazon and plug it into a Windows 10 computer.

On one of our Windows 10 machines, we set up a temporary ‘Test’ user with ordinary, non-administrator capabilities to test this flaw.

When we connected the Razer device to Windows 10, the operating system downloaded and set up both the driver and the Razer Synapse application automatically.

The Razer installation application got SYSTEM access as a result of the RazerInstaller.exe executable being started by a Windows process with SYSTEM privileges, as demonstrated below.

The setup procedure lets you choose the folder where the Razer Synapse software will be installed when you install it. Everything goes wrong when you have the choice of where to install your software.

The “Choose a Folder” window will show up when you move your folder. When you right-click the dialogue while holding down Shift, you will be given the option to “Open PowerShell window here,” which will launch a PowerShell prompt in the folder displayed in the dialogue.

This PowerShell prompt will inherit the same rights as the process that launched it because it was run with SYSTEM permissions.

As you can see in the screenshot below, after typing the “whoami” command at the PowerShell prompt, it became clear that the console has SYSTEM capabilities, enabling us to execute whatever command we like.

According to Will Dormann, a Vulnerability Analyst at the CERT/CC, other applications installed by the Windows plug-and-play mechanism is likely to include similar flaws.

Razer will address the flaw
Razer has contacted the security researcher to let them know that they will be delivering a remedy after this zero-day issue attracted significant notice on Twitter.

Despite the fact that the vulnerability was made public, Razer also informed the researcher that he would be getting a bug bounty payment.

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The New York Times reports that investigators are investigating whether solarwinds has been hacked via offices in Czech, Polish, and Belorussia, where many of the company’s engineering has taken place (NEW YORK TIMES).

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Sources: investigators are checking if SolarWinds was hacked via its offices in Czechia, Poland, and Belarus, where the company moved much of its engineering  —  Those behind the widespread intrusion into government and corporate networks exploited seams in U.S. defenses and gave away nothing to American monitoring of their systems.

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