A group insurance policy is a form of coverage that insures a group of individuals under a single policy. This policy gives the same degree of insurance protection to all group members, reducing the requirement for each member to purchase their policy. When it comes to coverage under an insurance company, all employer-provided group insurance plan participants will be treated similarly. This post will provide a list of the top group health plan coverages available on the internet.
What exactly is a Group Insurance Policy?
Group health insurance coverage meets the needs of employee groups big and small, from local restaurant owners to multinational corporations. Group health coverage provides a range of options and choices to meet the individual needs of each employee at a reduced cost.
Many employers are now providing their employees with health insurance coverage as a part of their benefits package, a benefit that’s hard to argue with. Employees enjoy the comfort of knowing they’ll have a financial backup in the case of an emergency, while employers experience decreased turnover rates and higher productivity, among other benefits.
- Go Digit Group Health Insurance
Digit, one of India’s leading Health Insurance companies, has recently introduced an exclusive group health insurance policy to offer coverage against all illnesses and diseases for your employees. Your employees can get complete protection against sudden and unexpected medical expenses with this health insurance plan.
Maximum Employees Covered: 25
Insured Amount: 1,00,000 INR
Premium Amount: Starting from 124 INR per month.
Features:
- Quick and hassle-free digital processes.
- Coronavirus coverage.
- Extensive cashless claims.
- Low premium cost.
- Lump-sum post-hospitalisation payout.
- Single point of contact.
- All company sizes are covered.
- Wide network range.
Coverage:
- Accidental hospitalisation.
- COVID-19.
- Critical illness.
- Hospital cash.
- Maternity.
- Psychiatric illness
Care Health Group Health Insurance
Group Care offers innovative wellness plans that provide financial incentives and are customizable to suit your employees’ needs. It provides a wide range of benefits, including hospitalization and surgical coverage, mental health care, and critical illness protection.
Maximum Employees Covered: 25
Insured Amount: 1,00,000 INR
Premium Amount: Starting from 126 INR per month.
Features:
- No medical check-up is required.
- Vast sum insured range.
- Quick and hassle-free digital processes.
- Lump-sum post-hospitalisation payout.
- Wide network range.
- Direct claim settlement.
Coverage:
- In-Patient Hospitalisation.
- Day Care Treatment.
- Pre-Hospitalisation.
- Post-Hospitalisation.
- Ambulance.
- Newborn.
- Maternity.
Bajaj Allianz Group Health Insurance
Bajaj Allianz Insurance provides a comprehensive selection of group medical insurance products with coverage tailored to their client’s specific needs. Bajaj Allianz doesn’t sell things; instead, they offer a complete package that includes a variety of solutions, a single contact point, and the most significant level of client satisfaction.
Maximum Employees Covered: 25
Insured Amount: 1,00,000 INR
Premium Amount: Starting from 140 INR per month.
Features:
- Customisable group insurance coverage.
- Risk consultancy services.
- Loss coverage.
- Ensures investor confidence.
- Wide network range.
- Quick claim settlement.
Coverage:
- In-Patient hospitalisation.
- Nursing.
- Operation theatre.
- Anaesthesia, surgical appliances, medication, X-Ray, blood, and diagnostic materials.
- Radiotherapy, chemotherapy, dialysis.
- Pre-hospitalisation.
- Post-hospitalisation.
- Cost of artificial limbs, pacemakers, and similar expenses.
- 130-day care procedure expenses.
Edelweiss General Group Health Insurance
Group health insurance is a valuable benefit that your employees need. Edelweiss General Group can provide you with competitive and comprehensive health plans so that you can focus on your business, knowing that your employees are covered for their medical needs.
Maximum Employees Covered: 25
Insured Amount: 1,00,000 INR
Premium Amount: Starting from 146 INR per month.
Features:
- Sum insured as high as 5,00,00,000 INR.
- Easy policy renewal in case of moral hazard, fraud, or misrepresentation.
- Coverage includes dependent family members, including spouses, children, and anyone included in the policy document.
- A family floater option is available.
- Wide network range.
- Quick claim settlement.
Coverage:
- In-patient hospitalisation.
- Domiciliary hospitalisation.
- Daycare treatment.
- Pre-hospitalisation.
- OPD treatment.
- Post-hospitalisation.
- Ambulance expenses.
- Organ donor expenses.
- Newborn.
- Infertility treatment.
- Maternity.
Aditya Birla Group Health Insurance
Group Health Insurance products from Aditya Birla, Group Activ Secure and Group Activ Health offer extensive benefits and coverage.
Maximum Employees Covered: 25
Insured Amount: 1,00,000 INR.
Premium Amount: Starting from 157 INR per month.
Features:
- Minimal documentation requirements.
- Cashless claim settlement is quick and hassle-free.
- Multiple coverage options.
- Simple underwriting.
- Wide network range.
- Quick claim settlement.
- Activ health application.
Coverage:
- In-Patient hospitalisation.
- Daycare treatment.
- Pre-hospitalisation.
- Healthcare check-ups.
- Post-hospitalisation.
- Ambulance expenses.
- Critical illness.
Conclusion
It’s also worth noting that many employers have a vested interest in their employee’s health. Employees who have access to group health insurance often experience improvements in their health, which in turn leads to decreased absences, lower staff turnover rates, and increased output. When you take all of these things into account, it’s easy to see why so many employers are now providing their employees with health insurance coverage. As long as the financial benefits continue to outweigh the costs, the trend toward more employers adopting this practice will likely continue for years to come.
This article was essentially designed to serve as a resource for everyone out there who wishes to get the best possible deal on a group insurance policy. The list of companies mentioned above has been tried and tested by thousands of customers over the years, so you can be sure that they are all worthy of your consideration. We say go ahead and give them a shot with all this in mind! Good luck!
