Group Health Insurance

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What is Group Health Insurance Policy?

Group Health Insurance (or Group Mediclaim) provides healthcare coverage to a group of people belonging to a common community (typically as employees of a company). Group Health Insurance plans are generally uniform in nature, offering the same benefits to all employees or members of the group. However, the biggest advantage of The Group Health Insurance Policy is that it can be customized to meet the unique needs of the company.
In fact, the most professionally run companies today provide Group Health Insurance as a part of their Employee Welfare program. Each company however gets the plan customized based on the employee demographics.

Who should buy it?

Group Health Insurance can be bought by any legally formed group of people for genuine commercial or not-for-profit purposes. The following groups have the highest uptake:

  • For-profit Companies
  • Associations
  • Education and Medical Institutions
  • NGOs

What are the different covers available?

It is very critical to customize the Group Health Insurance plan for each group. Below are certain benefits provided by group health insurance. Equally, each group can customize the benefit structure based on its unique need. Hence, click on the below link to learn more about how each attribute can customize in Group Health Insurance.

  • Maternity Benefit
  • Waiver of waiting periods (30 days, 1 year, 2 years, 4 years)
  • Domiciliary Hospitalization Expenses
  • Pre-Existing Disease Covers
  • Cover for dependents (spouse, kids, parents)

In fact, the Group Health Insurance policy has several nuances which determine the level of actual benefit derived. Therefore, it is best left to an expert Insurance Broker to design the group health insurance. Click on the below links to know more about these attributes in Group Health Insurance.

  • Room rent capping
  • Disease-wise sub-limits
  • Co-pay
  • Individual Sum Assured or Family Sum Assured
  • Endorsements on a pro-rata or short-period basis

How much cover to take and how to get a quote?

Covering under group health insurance is dependent on members’ income and lifestyle, so as to, which determines the type of hospital one would choose. Also, Covers are available between Rs. 50,000 to Rs. 10,00,000 of sum assured.
Get an instant indicative quote on group health insurance.

What is the way to buy the best group health insurance policy?

SecureNow Insurance Broker can help you get the best group mediclaim policy across companies.  As well as, we would give a comparison of benefits and quotes of a minimum of three Insurance companies. SecureNow would further help you negotiate the best purchase and also, provide round-the-year policy servicing and support for claim settlement.
So, to know more about Group Health Insurance or,  Group Mediclaim Policy, please follow the links offered on the left-hand side.

About The Author

Mayank Sharma 

MBA Finance

He is a professional who brings extensive knowledge and expertise to the field of group health insurance. He has dedicated 7years to helping individuals and businesses navigate the complexities of insurance. Having worked closely with numerous clients and insurance providers, he deeply understands the nuances of group health insurance policies. With a reputation for providing insightful and informative content, he leverages his industry experience to educate readers about the importance of group health insurance and its benefits. Through their articles, Mayank Sharma aims to empower individuals and businesses to make informed decisions about their healthcare coverage, ultimately promoting healthier and more secure communities.