Yes. All group health insurance policies cover COVID-19 and related illnesses.
Yes. As part of order No-40–3/2020-DM-I (A), the government of India has declared that all employers must provide corporate medical insurance to employees.
Teams as small as seven can be covered using a group health insurance policy. For example, you can also take a group health insurance policy if you're in a five-member team (and two spouses).
Buying a comprehensive group cover scheme for young startups and small companies is a great way for founders to retain and attract good talent. Employees often prefer organisations with good health benefits and wellness programs.
An employer purchases a group healthcare coverage plan for their respective employees based on the number of workers. The employer entirely bears the cost of group healthcare. In return, the employees can avail medical insurance as per the sum insured.
Yes. A group health insurance policy is five to ten times cheaper than an individual policy.
Yes, you can avail of certain tax benefits through group health insurance.
A group health insurance can only cover individuals who belong to the same organisation. You cannot buy group health insurance as an individual.
Any company registered with the MCA and has greater than seven lives (including dependents) qualifies to buy a group health insurance policy.
Group health insurance costs vary based on the number of employees, sum insured, and benefits opted for. Get a group health insurance estimate using our premium calculator.
The minimum number of people that can be covered in a group health insurance policy is seven. There is no such fixed upper limit on the total number of employees covered.
Yes. Companies of any size can take employee medical insurance. You can generate an estimate for your company using our premium calculator.
Every group cover comes with a specific room rent limit or no room rent limit. You can check the policy document. The upper limit is around 1% of the sum insured.
The cost of the premium amount depends on the number of employees and their family members that you want to cover.
Most of the group plans provide annual health check-ups for free. This depends on your employer's type of group plan and benefits.