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An ultimate guide for all the insurance seekers, to make smart decisions by accessing the articles based on insurance. Grab as much information as you can about insurance products, plans, coverage, and exclusion here !!
29-Nov-2022
A healthy workforce can accelerate business processes and help out a business achieve optimal growth. Caring for the health of your employees can benefit you in maintaining a regular capacity of the workforce and the availability of healthy people in your company. A health protection plan not only protects your employees from any medical emergency but also helps them to live tension free about any health risk.
The availability of financial support and medical assistance during any casualty/disease can help an employee to recuperate on time and protect them from any financial harm. Securing the health of corporate employees helps in establishing a trusted and reliable relationship between employees and employers.
What Is Group Health Insurance Cover?
A Group Health Insurance Plan offers medical or health benefits to a group of people and employees working in corporate or organizations. This plan is generally purchased by employers for their employees to provide medical insurance coverage for their health issues. Group medical or health insurance covers the indemnity of the medical expenses needed to pay the fees of hospitalization and treatment of illnesses.
What Is Included In Group Health Insurance Cover?
A Group Health Insurance Plan can also be termed as an employee health insurance plan that covers the following conditions for which a policyholder can avail of insurance benefits:-
1. It covers the ambulance charges during any medical emergency.
2. It provides insurance coverage for pre-existing diseases from day one with a low waiting period.
3. Day Care expenses are covered.
4. Pre & Post hospitalization expenses
5. Pre and post-natal expenses are also covered.
6. Hospital room rent and nursing charges
7. Fees of the medical doctors
8. Maternity expenses and infants are also covered in this plan.
Some Important Features Of A Group Health Insurance Plan
Let us understand why this plan is required by many companies to provide medical safeguards to their employees against diseases/health issues. The benefits of a group health insurance plan can be extended to their family members. Below are some features of this policy that you need to consider for opting for this plan.
Better Insurance Cover With More Benefits
A health insurance package that covers most of your essential medical needs for the treatment of diseases (it may be an existing or pre-existing disease). It offers other insurance benefits in case of a medical emergency from filling up hospitalization bills to post-hospitalization care.
Easy Online Process To Buy Policy
The process for applying for group health insurance is online and convenient to consider policy benefits and other terms and conditions mentioned in the policy specification. You need not visit any insurance office to buy the plan. You can simply apply online and get freedom from loads of paperwork.
Cashless Claims
It provides you an option to procure a cashless facility through an easy claiming process for taking treatment in the network of hospitals. An employee can avail of this cashless claim facility for not hampering their treatment during a medical emergency. A cumulative amount of the sum insured will be transferred to your account in case of hospitalization.
Affordable Premiums
You are not required to pay a higher premium amount. Since group health insurance offers you a facility to pay low-cost premiums, you can easily arrange premiums for your company’s employees.
Availability of Network Of Hospitals
You can avail medical treatment in the network of hospitals in pan India. You need to select a network hospital of your choice and get treatment for your health issues. Hence it reduces the stress of finding a hospital nearby your location.
Get Comprehensive Coverage
Group Health Insurance Plan provides coverage for medical expenses that include the fees of medical specialists, ambulance, hospital fees, tests, and medicines.
Health Insurance Coverage For All Group Sizes
You can also avail the benefits of group corporate health insurance plans even if your company consists of a small number of employees. It is available for companies of all group sizes ranging from small to a large number of working employees.
Tax Benefits
Group health insurance offers tax benefits to both employers and employees. You can enjoy the benefits of deduction of the amounts for premiums paid to the policy under section 80D of the Income Tax Act.
Buy A Group Health Insurance Plan With Policy.Online
Buying health insurance cover from Policy.Online for your corporate people serves several benefits in terms of protection of health and availability of medical facilities.
Policy.Online is an online insurance broker company that provides health insurance covers from an IRDA-authorized insurance company. Let us discuss how we help you to buy a suitable group health insurance plan.
1. You can get personalized quotes from various top insurers in India.
2. Compare and select the policy plan of your preference.
3. Availability of discounts on premiums and cost-effective insurance deals.
4. Online web platform to help you in applying for policy and disbursement of the plan.
5. Get help and solutions from experienced policy advisors.
