Group health insurance plans are a type of medical insurance package that covers a group of people, or employees working in an organization, or of a society, or of a registered residential apartment. The plan covers medical benefits for the employees (insured), their spouse, their children, and the dependent parents (if mentioned). Key Takeaways The […]
Benefits of group health insurance for Indian SMEs
Group health insurance plans form one of the popular benefits among employees in India, given increasing healthcare costs. Small- and medium-sized enterprises (SMEs) in India are under pressure to offer similar benefits to retain their employees. Given that SMEs expend considerable resources on training staff, they would be keen to avoid losing their employees to […]
10 Benefits you should customize in a Group Insurance Policy
With increasingly stressful work environments and very little activity, the majority of organizations are aware of the need to cover their employees with some sort of medical and personal accident coverage. While providing a group health insurance policy an organization or association, mainly covers various health aspects, health insurance coverage, affordability, and scope of benefits. […]
Why should startups buy Group Health Insurance?
Health insurance is one of the most important insurance covers. It’s the second most bought insurance afterlife insurance in our country. Employers always try to offer the employees to buy group health insurance, as an employee benefits package as it covers all the employees under a single master policy and is available at economical pricing. […]
Can a husband and wife be covered under group health insurance?
Group health insurance plans are the healthcare benefits offered to the group, company or all the eligible members of typically a group of employees. Most of the companies offering healthcare benefits for employees also allow them to avail cover for their dependent family members such as a spouse, dependent children, and parents. That means a […]
Who is the policyholder in group mediclaim insurance policy?
Group mediclaim insurance policies or group health insurance plans are the health insurance covers provided to all the eligible members of a group. A group can be an organization, company, or employer. Generally, employers or organizations offer health insurance benefits to their eligible employees or members. And to their dependent family members in order to […]
Is group medical insurance mandatory?
Group medical insurance plans offered by a company as the employer provide financial protection against healthcare contingencies to the employees. In some companies, the coverage extends to the families of the employees. Group medical insurance policies are attractive benefits, the employer offers to employees. Key Takeaways The “50-Employee” Threshold: In 2026, the law is clear: […]
Reasons why group health insurance cheaper than individual health insurance
Group health insurance plans usually offered by the employer are usually cheaper than an individual health insurance plan. Though each of these plans comes with its own benefits and exclusions, group mediclaim insurance plans are more cost-effective than health insurance plans for an individual, for various reasons. Key Takeaways The Power of Risk Pooling: Group […]
What is employer-employee insurance?
What is employer-employee insurance? An employer buys an employer-employee insurance policy to insure the life of their employees. Additionally, it is an arrangement that suggests that the employer has an insurable interest in their employees. Also, such an insurance policy encourages employees to stay with the employer. Key Takeaways The Power of Five: A business […]
Group and Individual Health Insurance — Chief Differences
With the increase in the occurrence of critical illnesses all around us, you need a shield in the form of health insurance for medical emergencies. However, insurance companies in India offer several products and it can be confusing to choose the best one for you. Of the many choices in health insurance, two are individual […]