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About

Group insurance is a type of insurance plan that covers a group of people under one single policy. It provides the same level of insurance coverage to all the members of the group doig away with the need to buy individual policies for each member. Under a group insurance scheme, all the members of this group are covered against the same risk. Members can be from a club, professional association, co-operative societies, banks and employees of a company or organization among others.

Features

  • All Group Members Covered irrespective of the size
  • Same amount of Coverage for all
  • Coverage Ends Upon Leaving Group

Benefits

  • Lower Premium as against individual policy by each member.
  • Tax Benefits on income tax
  • Can be extended to family members as well
  • Policy Customization

Group Mediclaim Cover

Corporate health insurance is one of most preferred benefits to ensure employee well-being. Special insurance schemes where families are also covered for benefits are also available which helps secure the medical and financial liabilities of the employees.

Advantages for Employers:

  • Tax Benefits
  • Motivated Employees as health related costs are taken care of.
  • Better benefits in comparatively lesser cost than individual health insurance policy.

Advantages for Employees:

  • Pre-Existing Disease is Covered from the day an employee joins the organization.
  • A wider range of Diseases covered as compared to individual health plan with no limit on diseases.
  • Larger Maternity Coverage
  • Cashless claims across network hospitals are supported

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