Important features of Group Health insurance
Opting for a group health insurance plan with maximum features and add-ons can guarantee extensive coverage, reduce employee expenses, and offer extra protection for their health, including wellness programs, dental and vision coverage, and critical illness coverage. It is beneficial for both employers and employees alike.
Firstly, group health insurance offers a range of significant benefits to both employers and employees. Additionally, it provides comprehensive coverage, cost-sharing advantages, and simplified administration, making it an ideal choice for organizations seeking to prioritize the well-being of their workforce.
A comprehensive group health insurance policy provides broad coverage for employees, minimizing their financial burden in case of medical emergencies.
Ms. X works as Manager at ABC Pvt Ltd and is covered under the Group Medical Insurance . He already had bought one family health insurance policy. Additionally, He wanted to claim for his father’s pre-existing pre-existing medical condition that is Diabetes under the same, but he failed to do so as family health insurance policy does not cover pre-exiting medical condition.
What did Mr. X do?
- Cancelled the existing family health insurance policy and saved Rs. 50,000 P.A.
- Got his father’s medical conditions covered under employee group health insurance policy
- His father did not go through the medical check-ups as same, unlike family health insurance plan, is not required in the Group health plan
- Got comprehensive cover at relatively lower premium than that of an individual health insurance policy
- A group health insurance policy provides comprehensive cover at affordable premium.
Important features of Group Health Insurance include:
- Cover of hospitalization expenses
- Pre-existing disease covered from Day 1
- Maternity Benefits available
- No waiting period
- No disease-wise treatment limits
- No co-payment required on claims.
- Pre post Hospitalization expenses covered.
- Ambulance charges covered
In conclusion, before finalizing a group insurance policy for employees, it is essential to conduct thorough research on its key features and coverage options to ensure the policy meets the organization’s group health coverage needs. They got comprehensive coverage at a relatively lower premium than that of an individual health insurance policy.
For assistance in choosing appropriate group health insurance, please visit www.securenow.in.
You can reach us at 96966 83999 or send us an email at email@example.com, sharing your coverage requirements.