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.

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Whom do you want to insure?

  • Employee, spouse & kids

  • Employee only

Importance of Group Health Insurance for Banking Industry

Majority of the organisation provide group health cover to their employees. Group mediclaim insurance not only provides financial coverage to the employees for medical emergencies but also reflects the employer’s goodwill and helps them retain employees for a longer period of time.

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Who do you want to insure?

  • Employees
  • Employees & their family
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Minimum lives should be 7

  • 1 Lakh
  • 2 Lakh
  • 3 Lakh
  • 4 Lakh
  • 5 Lakh

Include maternity coverage

Premium starts from

(Excluding GST)

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  • Time

When do you want a call back?

  • Today
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  • 20 May
  • 21 May
  • 22 May
  • 23 May
  • 24 May

What will be the suitable time?

  • 11:00am - 12:00pm
  • 12:00pm - 01:00pm
  • 01:00pm - 02:00pm
  • 02:00pm - 03:00pm
  • 03:00pm - 04:00pm
  • 04:00pm - 05:00pm
  • 05:00pm - 06:00pm

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Our experts will reach out to you on 4th June between 2:00 PM - 3:00 PM

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 Mediclaim Insurance for Banking Industry: Documents Required

Keep all the below mentioned documents ready to submit with the claim form to initiate the claim process:

  • Medical test reports
  • Doctor’s prescriptions
  • Medicine bill
  • Cash memo
  • FIR, if any
  • Discharge summary with the list of treatments
  • Any other additional documents required by insurer
  • Final bill

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Group Health Insurance Premium Calculator

Who do you want to insure?

  • Employees
  • Employees & their family
icon

Minimum lives should be 7

  • 1 Lakh
  • 2 Lakh
  • 3 Lakh
  • 4 Lakh
  • 5 Lakh

Include maternity coverage

Premium starts from

(Excluding GST)

Let's find the right plan for you

Speak to our experts to get the right plan for your company's needs

icon Expert advice made easy icon
  • Date
  • Time

When do you want a call back?

  • Today
  • Tomorrow
  • 20 May
  • 21 May
  • 22 May
  • 23 May
  • 24 May

What will be the suitable time?

  • 11:00am - 12:00pm
  • 12:00pm - 01:00pm
  • 01:00pm - 02:00pm
  • 02:00pm - 03:00pm
  • 03:00pm - 04:00pm
  • 04:00pm - 05:00pm
  • 05:00pm - 06:00pm

Tell us the number you want us to call on

Your privacy matters. We won't spam you

Call scheduled successfully!

Our experts will reach out to you on 4th June between 2:00 PM - 3:00 PM

Written By: PolicyBazaar - Updated: 21 September 2023
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When do you want a call back?

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What will be the suitable time?

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  • 01:00pm - 02:00pm
  • 02:00pm - 03:00pm
  • 03:00pm - 04:00pm
  • 04:00pm - 05:00pm
  • 05:00pm - 06:00pm

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Our experts will reach out to you on 4th June between 2:00 PM - 3:00 PM

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Policybazaar for Business - Group Health Insurance - Customer Reviews
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4.4/5
Based on 189 reviews
4.4
out of 5
Based on 189 reviews
38 users
136 users
15 users
0 users
0 users
3.8 April 09, 2023
Mansi
Excellent Support
It was easy to buy insurance from PolicyBazaar website and customer support was also amazing to clear all the doubts.Thankyou. Highly worth it.
Dehradun
4.3 April 01, 2023
Mahesh
Necessary Investment
It is a good and necessary investment. Thanks PB.
Lucknow
4.3 March 24, 2023
Surya
Provides Satisfactory Results
I purchased Group health insurance at policybazaar recently and i am so much satisfied with the plan. The application process was smooth and efficient, making the typically tedious task of getting insurance surprisingly hassle-free.Thanks PB.
Bareilly
3.8 March 16, 2023
Naveen
Helpful In Making Decisions
When it came to selcting the right Group Health Insurance, Policybazaar offered an impressive range of options from reputable insurers. I appreciated the comprehensive details avalable for each policy which helped me to take the better decisions. Thankyou.
Delhi
4.3 March 15, 2023
Rajesh
Increases Clients Expectations
I recently had the pleasure of securing a Group Health Insurance policy throug PolicyBazaar and I must say the Entire process exceeded my expectations! From start to finish, their service werw great. Thankyou.
Delhi
3.8 March 02, 2023
Ravi
Great Experience
I got great deals on PolicyBazaar website. Highly recommend.
Pune
4.3 February 17, 2023
Diljeet
Excellent Purchase
It was a excellent purchase at PolicyBazaaar. Thankyou team.
Coimbatore
4.3 February 04, 2023
Satya
Prompt Services
Policybazaar's efficient claims process was impressive. In case of any medical emergencies, my employees were able to get their claims settled swiftly, allowing them to focus on their health and recovery without worrying about financial aspects.Thankyou
Chennai
4.3 January 22, 2023
Abhishek
Budget Friendly Purchase
Thankyou PolicyBazaar for providing such a great plan at affordable premium rates. It was a budget-freindly purchase.
Delhi
4.3 January 09, 2023
Abhash
Multiple Range Of Benefits
I purchased Group health Insurance which offered me plans with affordable rates Thankyou PB.
Pune