About the Policy
Group Health Insurance is a comprehensive policy designed to cover a specific group of people, typically the employees of a company. This insurance plan can extend coverage to the families of insured employees, including their spouses, dependent children, and sometimes dependent parents.
Also known as Corporate Health Insurance or Employee Benefit Plan, Group Health Insurance offers a valuable benefit for both employees and employers, providing financial security during medical emergencies.
Group Health Insurance benefits not only employees but also employers by ensuring financial stability during health crises. It enhances employee morale and loyalty by showing that their well-being is a priority.
Group Health Insurance is a policy that provides health coverage to a specific group of people, usually employees of a company, and can extend to cover their families.
Key Advantages
Check out the key benefits offered by a group health insurance policy in India.
- Immediate coverage for pre-existing diseases
- More affordable than individual health plans
- Boosts employee morale and retention
Why should a company opt for Group Health Insurance?
It offers financial protection to employees during medical emergencies, enhances employee morale, and helps in retaining talent by showing that the company values their well-being.
Does Group Health Insurance cover pre-existing diseases?
Yes, Group Health Insurance plans typically cover pre-existing diseases from day one, unlike individual plans that may have a waiting period.
Can Group Health Insurance cover employees’ families?
Yes, depending on the policy terms, Group Health Insurance can cover the employees’ families, including spouses, dependent children, and sometimes dependent parents.
