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Group Insurance Advantage

Group Health Insurance
Health insurance significantly superior to individual covers. Group Health is now a standard in many sectors. It is an important consideration in attracting and retaining employees.
Group Personal Accident
Cover costs of accident related injury or disability. Personal Accident is particularly relevant when you have a large workforce on the move. It covers permanent total disability, permanent partial disability, temporary total disability and medical expenses in an accident.
Group Term
Pays the family a large amount if an employee dies for any reason. Group Term ensures that the family is financially stable even if the main wage earner in the family dies.
Statutory Covers
Workmen Compensation, Group Gratuity, Group Superannuation, Group EDLI. These are often contractual or statutory requirements or address risks that are mandatory to take on. Manage your regulatory requirements efficiently.
Group Travel
One insurance for all travelers in the company. Group policies are easier to manage than individual insurances, paperwork and underwriting is simpler and renewal more effective.

Benefits Overview of Group Insurance

Improves Employee Satisfaction

Companies that offer well designed group insurance policy for employees such as group health insurance, group personal accident and group term attract and retain employees more effectively.

Get Better Returns

Products such as Group Gratuity and Group Superannuation manage funds more effectively. This means that there is a higher probability of getting better returns on the funds.

Simplify Paperwork

Traditionally insurances pertaining to overseas travel were bought individually. When many people travel frequently this is cumbersome to manage. A group travel policy can provide 24/7 cover to all traveling employees in one insurance. This very concept is also possible for health, accident and other such insurances.

Why SecureNow

Product Knowledge

We have specialized underwriters and tie-ups with international experts.


We work with all insurers to get you the best options- both in terms of price and features.

Quick Turnaround

Cover notes are issued within hours of request. This documentation is sufficient for any contractual requirement.

Strong Claim Support

We manage all aspects of your claim - from preparing documentation to follow-up with the insurer.

Value Added

We will advice you on risk management best practices.

Policy Administration
System (PAM)

See all your contracts renewal information in one place. Place service requests on PAM.


Group insurance policy is usually taken by employers for a group of employees as part of welfare scheme. Such policies may also be offered by Banks to a group of same credit card holders etc. In some cases insurers will allow a non-employer employee group to be formed.
The premium amount of such insurance schemes is less because a single policy covers a large groups of people, which brings down the administrative cost and paper work, this lowering the premium amount. Also, a large group gives more negotiating power to the employer vis-à-vis the insurer.
Group Insurance scheme can be broadly classified as -
Statutory –
  • Group Employee's Deposit Linked Insurance (EDLI)
  • Group Gratuity
  • Workmen Compensation
Voluntary –
  • Group Health Insurance
  • Group Term Insurance
  • Group Superannuation
The number of members of a group largely depends upon the type of policy and statutory obligations. It also depends upon the discretion of the insurer. Generally groups can be formed with as few as 5 people.
Exclusions depends upon the terms and condition of the respective group policy and varies for each corporate.
Much of the research can be done online. However, most insurers will insist on some traditional paperwork such as a signed proposal form.

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