Group Health Insurance for Banking Industries

Group health insurance for Banking industries covers the bank employees from unforeseen medical expenses. The insurance plan provides coverage for specified injuries and illnesses sustained by the employee during the employment. Group health plans also provides coverage to the dependents of the employee such as spouse, kids and in some cases parents as well.

Personalised health plans that fit your organizations requirements & dedicated experts to help you choose.

Customized plans

Affordable prices

24X7 Support

Dedicated claims manager

Total Care

All round wellness benefits

*Premium starting from ₹110/Employee/Month for ₹1 Lac Sum Insured covering Health & Wellness Needs (excluding GST)

#Premium may vary on the basis of coverage type & add-ons

**All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply

₹1 Lakh cover @ just

₹110/employee

No medical test required

Zero waiting period

Paperless claims

Mobile number

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Top Plans

Plans that covers all the Employees, their Spouse and Kids (up to 25 years of age)

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Disclaimer: The above plans and premiums are for 1 Lakh sum per life per month covering Health and Wellness needs of 7 Employees, 5 Spouse & 2 Kids below 35 years of age. The premium is inclusive of GST and do not cover PEDs & Maternity. Standard T&C Apply PolicyBazaar does not rate, endorse or recommend any particular insurer or insurance product offered by the insurer.

Coverage under Group Mediclaim Insurance for Banking Industry

Group health insurance for banking industry provides coverage for the following:

Pre-existing diseases

Doctor’s fee

Room rent as per specified in the policy

Consultation charges

Maternity cover is provided

Day care treatments

Pre and post hospitalisation charges are covered

Medical test expenses

Domiciliary charges

Ambulance charges

X-rays, medicines, etc. are covered

New born baby is covered from the day of delivery

Ambulance charges are also covered

Group Mediclaim Insurance for Banking Industry does not Cover

Group health insurance for banking industry does not cover the following:

Ayurveda and homeopathy treatments

Any kind of complication caused due to drug abuse or alcohol abuse

Some insurance companies do not provide coverage to the parents of insured employee

If any disease is present in the insured employee since birth, the insurance plan does not provide cover for it

Expense incurred in AIDS treatment or any other similar diseases

Group Medical Insurance for Banking Industry: Claiming Process

To raise claim under group medical insurance for banking industry through third-party administrator:

Go to the TPA’s desk where the insured is admitted

Fill the form for pre-authorisation

Third-party administrator will get the pre-approval from insurer

Then the insurer will settle the claim

For re-imbursement claiming process

Inform the insurer within 24 hours of hospitalisation

Keep all the reports and documents ready

Fill the claim form and submit with all the required documents within 7 days of discharge

Insurer will process the claim from their end

Insurer will ask for a cancelled cheque to get the claim amount processed

Within 15 days of submission the insurer will settle the claim

Group Health Insurance for Banking Industries

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Importance of Group Health Insurance for Banking Industry

Coverage under Group Mediclaim Insurance for Banking Industry

Group Mediclaim Insurance for Banking Industry does not Cover

Group Medical Insurance for Banking Industry: Claiming Process

Group Mediclaim Insurance for Banking Industry: Documents Required