Discovering the Best Group Health Insurance Plans in India

Taking care of your employees and your group is very important and one of the best ways to care for your employees is to provide them health insurance. In India, the health insurance industry offers an extensive range of group health insurance policies, each offering distinct features, coverage options, and benefits. There are some of the best group health insurance plans available in the market, which generally aim at groups and employees in the organisation. It is also known as a corporate health insurance policy. It is the best way to ensure yourself, your employees, and even your families. 

Key Features to Look for in a Group Health Insurance Plan

When you are going to purchase group health insurance you should check the certain key features which are necessary. Listed below are the key features to look for in a group health insurance plan:

• Coverage: Coverage is the most important feature of any group health insurance. Check what illnesses, treatments, and hospitalisations are covered. Also, check whether maternity coverage, day-care procedures, or outpatient department (OPD) expenses are covered or not.
• Network Hospitals: Check the number of network hospitals the insurance company has and from that how many are there in your city. At network hospitals, you will get a cashless treatment and you do not have to pay any cash during treatment.
• Room Rent Limit: Always check the room rent limit before purchasing the plan and go for the plans with no capping on the room rent. If there is a cap on the room rent then you have to pay the rent of the room from your pocket if the rent of the room exceeds the limit.
• Pre-existing Condition: The waiting period for pre-existing conditions plays a major role in any insurance. Always choose the plan with a less waiting period so that you can file a claim whenever you need it.
• Claim Process and CSR: Claim plays an important role in any insurance plan. Always go through the claim process and the claim settlement ratio of the company before purchasing the plan.

Types of Group Health Insurance Plans

Listed below are the types of group health insurance plans available in India:

1. Group Health Mediclaim Cover

This health insurance is purchased by the employer for their employees. It is one of the most beneficial and common group health insurance provided by the employer to its employees. In most of the plans, the coverage is given to the employees and to their dependents.

2. Group Personal Accident Insurance

Group personal accident insurance works the same as personal accident health Insurance. In this health insurance employer offers insurance to its employees to give them coverage against any accidental damage, injury and death.

3. Global Health Group Insurance 

In this group health insurance, there are a lot of benefits available like other plans. But there is one extra and special benefit is that you will get coverage for the treatment taken outside India on the global level.

4. Group Travel Insurance

Group travel insurance is the plan that covers the health, accident and liability of an individual. This plan is offered by the employer to its employees and it works as a shield when an employee travels abroad.

Top Group Health Insurance Companies and Plans in India

There are many prominent insurers available in the insurance industry in India that provide group health insurance with a lot of benefits and coverages to the employee and their families:

Conclusion

Deciding among the pool of best group health insurance policies is not a cakewalk but the above-mentioned plans provide a crystal clear view and one can choose accordingly!
STAY INSURED, STAY HEALTHY!

FAQs

Ques 1. How can an organization purchase group health insurance for its employees?

Ans. Companies can get group health insurance by contacting insurance providers directly or through insurance brokers, who can help in comparing policies and selecting the most suitable one.

Ques 2. Is group health insurance cheaper than individual health insurance?

Ans. Yes, because the risk has been distributed across a larger pool of covered people, group health insurance typically has lower premiums than individual health insurance.

Ques 3. Can family members be included in a group health insurance policy?

Ans. Yes, a family floater option allows you to add family members under your policy, including spouses, kids, and sometimes even parents. This is available under a lot of corporate health insurance plans.

Ques 4. Does group health insurance cover pre-existing conditions?

Ans. Pre-existing conditions are usually covered by group health insurance policies following a short waiting period, or in certain situations, right away after enrollment.

Ques 5. Can employees continue the group health insurance policy after leaving the company?

Ans. No employee cannot continue the group health insurance after leaving the company. Once you have left the company your health insurance will end on the date you will leave the company.