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Group Health Insurance In Bangalore
Premium Starts @ 2000/person
(Excluding Taxes)
Premium Starts @ 2000/person excluding Taxes
Benefits
Comprehensive cover
No waiting period & disease-wise limits
No prior health checks
Institutional support during a claim
4 Most Trusted Insurers
SecureNow Assistance
Online policy copy
Instant risk confirmation
Experienced medico-legal panel
Single point interface for claims
Renewal reminders
Digital proposal form and paymentCompare quotes in 2 steps
Customise benefits based on your budget.
Group Health Insurance In Bangalore
Compare quotes in 2 steps
Customise benefits based on your budget.
Trusted Benefit Platform
Dashboard
A dashboard for you to view and manage your policies
Reimbursement Via App
Register, submit and track your reimbursement claims.
Centralised Support
Connect with single contact for all support queries
Cashless Via App
Electronic mediclaim cards and insurance reminders
Endorsement Ledger
Real time estimate of CD balance is available
Dashboard
A dashboard for you to view and manage your policies
Reimbursement Via App
Register, submit and track your reimbursement claims.
Centralised Support
Connect with single contact for all support queries
Cashless Via App
Electronic mediclaim cards and insurance reminders
Endorsement Ledger
Real time estimate of CD balance is available
Top Most Trusted Insurers
Book your Insurance in Simple steps
Finalise the Plan
Collect Employee Data
Make Payment Online
Get Policy
Get E-Cards
Make Claims
Claims Helpline
Add and Delete Employee
1) Finalise the Plan
Delight your Employees With Our Add-On Plans
BRONZE
Free
Key Account Manager
Mobile App:Cashless eCard and Reimbursement eClaims
Claim status on app
HR Dashboard
SILVER
Rs. 100/ per employee
All feature of Bronze
General Physician Video consultation: 2 per employee
wellness webinar: 1 per month
Quarterly premium client engagement call
GOLD
Rs. 750/ per employee
All feature of Silver
Specialist Video consultation: 2 per employee
Basic health check-up on 9 parameters
Top-up insurance of 10 lacs Sum assured with 5 lacs Deductible for self, spouse, and 2 children (max age:40)
Claims support for personal health insurance plans
PLATINUM
Rs. 2500/ per employee
All feature of Gold
Specialist Video consultation: 4 per employee
Advanced health check-up on 25 parameters
Top-up insurance of 10 lacs Sum assured with 5 lacs Deductible for Father and Mother (max age:70-for top 10% of employees)
Buy Now Pay Later OPD Upto 10K per employee
Senior Citizen helpline
BRONZE
Free
Key Account Manager
Mobile App:Cashless eCard and Reimbursement eClaims
Claim status on app
HR Dashboard
SILVER
Rs. 100/ per employee
All feature of Bronze
General Physician Video consultation: 2 per employee
wellness webinar: 1 per month
Quarterly premium client engagement call
GOLD
Rs. 750/ per employee
All feature of Silver
Specialist Video consultation: 2 per employee
Basic health check-up on 9 parameters
Top-up insurance of 10 lacs Sum assured with 5 lacs Deductible for self, spouse, and 2 children (max age:40)
Claims support for personal health insurance plans
PLATINUM
Rs. 2500/ per employee
All feature of Gold
Specialist Video consultation: 4 per employee
Advanced health check-up on 25 parameters
Top-up insurance of 10 lacs Sum assured with 5 lacs Deductible for Father and Mother (max age:70-for top 10% of employees)
Buy Now Pay Later OPD Upto 10K per employee
Senior Citizen helpline
Testimonials
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Know More
Group Health Insurance Vs Individual Health Insurance
Claim Settlement of Insurance Companies
How Does Cashless Claim Work
How Does Reimbursement Claim Work
How Does Endorsement Process Work
Know More
Group Health Insurance Vs Individual Health Insurance
Quick Guide to Group Health Insurance in Bangalore
Group health insurance in Bangalore
Bangalore, a developing metropolis in India, is famous for its IT industry and rapid urbanisation. However, to this, some health challenges, from environmental pollution and all the related diseases to life-threatening illnesses, the citizens of Bangalore do deal with every other major enemy.
Complications owing to air pollution and imbalances in the records of one's blood sugar also take place and lead to respiratory problems in Bangalore, making it difficult for people to cope with one another by living with diabetes and cardiovascular problems. Bangalore is in the habit of giving frequent invitations in the health care profession and increasingly surging medical expenses. Citizens of Bangalore are compelled, now more than ever, to invest in a reasonable health insurance policy.
Costs of hospitalization in Bangalore normally range from 80,000 to1,50,000 per admission. Such costs warrant some health insurance. To palliate healthcare costs, group health insurance policy is presently provided as added benefits by employers within Bangalore.
The importance of group health insurance policies in Bangalore
Group health insurance policies drafted by the employer in Bangalore are among the most important policies for individuals. They provide total medical insurance to employees and their families under one umbrella plan. The policies generally cover hospitalisation and pre- and post-hospitalisation expenses. Some may even cover maternity and pre-existing illnesses. The leading health insurance providers in Bangalore cover major hospitals like Manipal Hospitals, Fortis, and Narayana Health. They also provide cashless hospitalisation. All these benefits together help employees receive treatment without any financial anxieties.
A group health insurance policy in Bangalore is cheaper than an individual health plan. The risks spread uniformly among a larger group. Besides, the group medical insurance in Bangalore covers employees' families. People covered may also be wives, dependent children, and employees' parents. Some policies can even extend to cover in-laws. The tax benefits make it appealing to both employers and employees. Other advantages concerning tax breaks on employer contributions include that plans can be adapted to meet employees' needs. Group health insurance policies are a win-win for both employers and employees.
Tax benefits of corporate health insurance in Bangalore
Here are the key tax benefits associated with group health insurance policies:
- For employers:
Generally, employers' premiums come under business expenses, which are entirely allowed as a deduction according to Section 37(1) of the Income Tax Act. This will reduce the company's taxable income. - For employees:
While an employee may claim a deduction on their health insurance premium under Section 80D of the Income Tax Act, this deduction is allowed up to 25,000 (50,000 for senior citizens) on the health insurance policy for the contribution made towards the health or medical expenses for oneself or their dependents. This gives comfort for the necessary financial adjustments.
Process of Claim Settlement On Group Health Insurance in Bangalore
This is the process for a claim for a group health insurance policy in Bangalore:
- Cashless Claim Process for Group Health Insurance:
- a. Towards a Network Hospital:
In connection with cashless claims, the selected hospital should be within the insurance provider's network. Ensuring that the hospital is tied to the insurance company will hasten the whole process. - b. Pre-authorization:
The insurance desk of the hospital will submit a prior authorization request with treatment details to the insurer. Sometimes, the employer may assist in coordinating with the insurance provider on behalf of the employee. - c. Authorization by the Insurer:
The insurer reviews the prior authorization request based on the terms of the policy and provides its approval. - d. Settlement of Claim:
Once the patient is discharged after the treatment is completed, the hospital will send the bill directly to the insurer for payment. The patient no longer needs to pay anything out-of-pocket, subject to the coverage limits of the policy.
- a. Towards a Network Hospital:
- Reimbursement Claim Process for Group Health Insurance:
- a. Hospitalization and Payment:
In non-network hospitals, the insured always pays for the hospital expenses from their pocket. - b. Claim Filing:
After discharge, the insured must file a claim form along with all original medical documents, such as hospital bills, discharge summaries, diagnostic reports, and prescriptions, within the period stipulated by TPA. Sometimes, employers help in collating and sending the documents for reimbursement claims. - c. Insurer's Review:
After the claims are submitted, the insurer undertakes an independent review to ascertain the details relating to the claim and check that they meet the terms of the specified policy. - d. Reimbursement:
In the event that the claim is approved, the insurer will then reimburse the expenses up to the sum assured by the insurer.
- a. Hospitalization and Payment:
When choosing group health insurance for their employees, employers should consider various factors, including special benefits, cost, and the flexibility of the health insurance plan itself. SecureNow offers complete and affordable solutions and supple support, enabling businesses to manage employee health benefits efficiently.
Choosing the best health insurance plan in Bangalore
When selecting one of the best group health insurance plans in Bangalore, employers need to consider various factors. Look for details like the type of coverage, cost, and benefits offered. Many top health insurance companies in Bangalore offer customised plans. These plans are tailored to suit businesses of various sizes. Companies like SecureNow provide an excellent platform. We are known for being an affordable and flexible group of health insurance options. We cater to all the specific needs of Bangalore-based businesses.
Frequently Asked Questions
Choosing the best health insurance top-up in Bangalore depends on your existing policy, hospital network, and coverage needs. It’s advisable to compare plans from leading
health insurance companies in Bangalore, which offer top-up policies for enhanced protection.
The best health insurance plan in Bangalore varies depending on coverage, network hospitals, and specific requirements.
Plans from insurance providers like Star Health and ICICI Lombard are highly rated for offering extensive coverage at competitive premiums.
You can find group health insurance policies by consulting with brokers or platforms like SecureNow. We offer a wide range of policies from top insurance providers. We offer a policy that meets your organisation’s specific needs and offers comprehensive coverage.
Yes, group medical insurance premiums are tax-deductible for employers under Section 37(1) of the Income Tax Act. Employees can also claim deductions under Section 80D, making it a cost-effective option for all parties.
Corporate health insurance offers several benefits, including comprehensive medical coverage, tax savings, and customised policies. Employers in Bangalore can also retain top talent by providing such valuable benefits.
Bangalore is known as the Silicon Valley of India. The city is home to many startups and small-to-medium enterprises (SMEs). There is a rising trend of startups offering group health insurance as a key employee benefit.
Bangalore is a competitive job market. Offering group health insurance for employees is becoming essential. It acts as a retention tool for businesses. It also promotes the overall well-being of an employee.
Startups face challenges when it comes to offering competitive salary packages. Group health insurance policies are a cost-effective way for smaller companies. They can offer substantial benefits to their workforce without heavily impacting their bottom line. These policies allow companies to offer coverage to employees and their families at a lower premium than individual health insurance plans. Additionally, providing group medical insurance in Bangalore helps to reduce employee stress about healthcare expenses. This increases job satisfaction and productivity.
For SMEs, corporate health insurance also comes with various tax benefits. Premiums paid for corporate health insurance are considered a business expense. This allows companies to lower their taxable income. Furthermore, Bangalore’s SMEs can customise their health insurance plans to include additional benefits. This can include wellness programs, dental care, and mental health coverage. All these are increasingly important in today’s workplace.
Many group health insurance plans in Bangalore are designed to meet the needs of startups and SMEs. Insurance providers offer tailored solutions that cater to the size of the organisation and the specific healthcare requirements of the employees. For growing companies, such policies represent an investment in the well-being and long-term loyalty of their employees, setting the foundation for a sustainable, thriving business.
Startups face challenges when it comes to offering competitive salary packages. Group health insurance policies are a cost-effective way for smaller companies. They can offer substantial benefits to their workforce without heavily impacting their bottom line. These policies allow companies to offer coverage to employees and their families at a lower premium than individual health insurance plans. Additionally, providing group medical insurance in Bangalore helps to reduce employee stress about healthcare expenses. This increases job satisfaction and productivity.
For SMEs, corporate health insurance also comes with various tax benefits. Premiums paid for corporate health insurance are considered a business expense. This allows companies to lower their taxable income. Furthermore, Bangalore’s SMEs can customise their health insurance plans to include additional benefits. This can include wellness programs, dental care, and mental health coverage. All these are increasingly important in today’s workplace.
Many group health insurance plans in Bangalore are designed to meet the needs of startups and SMEs. Insurance providers offer tailored solutions that cater to the size of the organisation and the specific healthcare requirements of the employees. For growing companies, such policies represent an investment in the well-being and long-term loyalty of their employees, setting the foundation for a sustainable, thriving business.