Ideal Group Health Insurance Plans in India

Find the key features of various insurance companies offering medical insurance for employees in the table below:

	Insurance Company	Claim Settlement  Ratio	Network Hospitals
	Aditya Birla Group Health Insurance	94%	6000 and above	View Plan
	Bajaj Allianz Group Health Insurance	98%	6500 and above	View Plan
	Care Health Group Health Insurance	98.25%	9500 and above	View Plan
	Cholamandalam MS Group Health Insurance	92%	8100 and above	View Plan
	Digit Group Health Insurance	96%	5900 and above	View Plan
	ICICI Lombard Group Health Insurance	94%	9500 and above	View Plan
	Kotak Mahindra Group Health Insurance	96%	4800 and above	View Plan
	Magma HDI Group Health Insurance	96%	7000 and above	View Plan
	ManipalCigna Group Health Insurance	90%	6500 and above	View Plan
	Niva Bupa Group Health Insurance	96%	8500 and above	View Plan
	Raheja QBE Group Health Insurance	95.2%	7000 and above	View Plan
	Reliance Group Health Insurance	98%	7300 and above	View Plan
	Royal Sundaram Group Health Insurance	98%	2200 and above	View Plan
	SBI Group Health Insurance	97%	6000 and above	View Plan
	Tata AIG Group Health Insurance	93%	6300 and above	View Plan
	Zuno (Formerly Edelweiss) Group Health Insurance	95%	2500 and above	View Plan

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Care Group Health Insurance

Care Group Health Insurance was formally known as Religare Health Insurance. The company is known for providing a range of health insurance plans to corporates, families, and individuals. In its comprehensive group, a health insurance plan safeguards the employees of an organization against financial issues that arise due to medical emergencies. The salient features of this health insurance for business owners are as follows:

• Flexible health insurance plans according to the requirements of policyholders.
• Provides the facility of cashless hospitalization is approximately 10,000+ network hospitals.
• The policy provides a dedicated relationship manager.
• The company has an in-house claim settlement team.
• The policy starts covering pre-existing diseases from day one.

Cholamandalam MS Group Health Insurance Company

Chola MS Group Health Insurance Company is a joint venture between Mitsui Sumitomo Insurance Company Limited of Japan and Murugappa Group. The company offers a wide range of insurance plans including insurance products for Health, Motor, Accident, Engineering, etc.

A group health insurance plan offered by Chola MS Group Health Insurance Company provides a health solution to the employees of an organization without any prior medical examination irrespective of his/her age and health status. With this affordable group or corporate health insurance plan, an organization gets the following key benefits:

• It provides coverage for the local ambulance charges.
• Pre and post-hospitalization expenses are also covered.
• Cashless claim settlement services in-network hospitals are offered.
• Chola MS Group Health Insurance Plan also provides maternity benefits.

Navi Group Health Insurance Limited

Navi Group Health Insurance Company Limited has years of experience in the insurance industry. With various insurance plans, this insurance provider offers the group insurance policy. Navi Group Health Insurance policy protects the health of employees by offering relevant health insurance plans. Apart from being one of the affordable group health insurance plans, Navi Group Health Insurance Company offers the following benefits to its policyholders:

• This is one of the affordable group health insurance plans.
• Under this policy, day-care treatments are also covered.
• Pre- and post-hospitalization expenses are as well covered.
• Domiciliary hospitalization expenses are covered as well.

Zuno (Formerly Edelweiss) Group Health Insurance Company

Zuno (Formerly Edelweiss) Group Health Insurance is one of the largest financial services providers in India. With life and Group Health Insurance to brokerage service, this company offers equity and some other investment-related services through its various subsidiaries. In its Group Health Insurance category, the company offers group health insurance plans as well. The key features of the Edelweiss Group Health Insurance policy are as follows:

• The facility of medical referral is offered.
• The benefit of evacuation is also offered under this plan.
• The medical monitoring feature is given to the members of a group.
• Return of mortal remains expenses is also covered under this policy.

IFFCO Tokio Group Health Insurance Co. Ltd

IFFCO Tokio Group Health Insurance Company has earned a very good reputation in the insurance industry by implementing transparent insurance policies and quickly responding to customer queries. It is the only insurance company in India that has a 100% self-owned distribution channel named IFFCO Tokio Insurance Services Ltd. (ITIS). With another Group Health Insurance plan, IFFCO Tokio Group Health Insurance Company as well offers Group Health Insurance Plans. The key benefits of this policy are:

• IFFCO Tokio Group Mediclaim Insurance policy is available at lower premiums.
• The policy provides coverage for all the members of a group or organization at once.
• One can easily customize the coverage of his/her group health insurance plan.
• The policy provides a cashless claim facility upon all the network hospitals of IFFCO Tokio.
• The policy as well offers different types of incentives for being a part of the group.
• The coverage of the policy starts from day one of policy enrolment.

Manipal Cigna Health Insurance Co. Ltd

ManipalCigna Group Health Insurance Company was formally known as CignaTTK Health Insurance Company Limited. The company is a joint venture between Cigna Corporation and Manipal Group and it provides various types of health insurance plans. One of such plans is ManipalCigna’s Group Health Insurance plans with the name of ProHealth Group Insurance Policy. The key benefits of this group health insurance plan are:

• The policy provides seven in-built advantages with base cover.
• ProHealth Group Insurance is a package of 42 requirement-based optional covers.
• It is for the first time that any group health insurance policy was offering the benefits of deductible, co-pay, expenses of OPD, and more.
• The policy provides a choice of dental, maternity, OPD, vision, and many more.
• Provides AYUSH treatment.
• Provides a choice of the personal accident and critical accident cover.
• It gives a choice of daily cash benefits.
• The policy also provides multiple cost-sharing options at the individual and corporate levels.
• This group health insurance plan offers family-related benefits.
• The plan offers indemnity or fixed pay-out as applicable.

Max Bupa Group Health Insurance Company Limited

Max Bupa Group Health Insurance Company is a private health insurance company in India. This is a joint venture between Bupa, a UK-based healthcare company, and Max India Group. The company offers many affordable health insurance plans out of which it provides one of the group medical insurance policies. The key features of this group health insurance plan are mentioned below:

• The policy offers a 30-minute cashless claim process.
• It provides a discount of 7.5% when one buys this policy online.
• This policy also offers hospitalization over against COVID-19.
• The company has PAN - India 7000+ network hospitals.

National Insurance Group Health Company Ltd

National Insurance Group Health Company Limited is a government-owned Group Health Insurance provider. The company works under the Indian Ministry of Finance with the catchline ‘Trusted Since 1906’.  With health insurance plans in almost all categories, the company provides group health insurance policies. The key benefits of this plan are:

• The policy provides cashless benefits in its network hospitals.
• In-house claim settlement process.
• The policy also offers the additional benefit of free health check-ups.

Royal Sundaram Group Health Insurance Co. Ltd

Royal Sundaram Group Health Insurance Company Limited is a subsidiary of the financial group Sundaram. It is the first private Group Health Insurance provider in India that has got the license by the IRDAI in October 2000. With its various Group Health Insurance plans, the company also offers one of the  group health insurance policy with the following benefits:

• The plan offers hospitalization cover.
• The policy also provides out-patient care.
• This policy also covers in and out-patient cover as well,

Reliance Group Health Insurance Co. Ltd

Reliance Group Health Insurance Company Limited is a private insurance provider of India and it is a subsidiary of Reliance Dhirubhai Ambani Group. With insurance plans of almost all sectors, the insurer also provides a group health insurance plan. The key benefits of this group health insurance policy are as follows:

• The feature to customize this policy is available.
• Provides regular health check-ups benefit.
• The policy provides coverage for all the employees and their families.
• The policyholder can avail cashless treatment facility across all the network hospitals.
• It is available at lower premiums.
• Daycare procedures are as well covered in this policy.

SBI Group Health Insurance Co. Ltd

SBI Group Health Insurance is a joint venture among State Bank of India (holds 70% stake) and Axis Bank Asset Management Company Limited, Warburg Pincus Group, and Premji Invest. With insurance products for home insurance, motor insurance, and cyber defense insurance, this company as well offers insurance products for groups. The key benefits of SBI General Group Health Insurance plans are as follows:

• The policy bears all the medical expenses of its policyholders.
• It provides pre-and post-hospitalization expenses cover.
• The plan also covers pre-existing medical conditions.
• Under this plan, one gets coverage for his/her complete family.
• Domiciliary hospitalization expenses are covered.

Star Group Health & Allied Insurance Co. Ltd

Star Group Health & Allied Insurance Company started its operation in the year 2006 in India. The company is the first standalone insurer that offers services in health, overseas travel insurance, personal accident, and group health insurance. The benefits that one gest with a group health insurance plan of this company are:

• Cashless facility in-network hospitals of the insurer.
• The facility of co-payment is also provided.
• Daycare treatments are also covered.
• Pre- and post-hospitalization expenses are also covered.

The New India Assurance Company Ltd

The New India Assurance Group Health Insurance is based in Mumbai and is a government-owned Group Health Insurance provider in India. With motor insurance plans, the company also offers various health insurance products out of which a group health insurance plan is one. The key benefits of this policy are:

• All the hospitalization expenses are borne by the company.
• Pre-existing health conditions and illness are not covered until the policyholder spends 48 months with the policy.
• Medical/ surgical treatment at any hospital or day is entre of India is covered.

The Oriental Insurance Company Limited

The Oriental Insurance Company has its headquarter in New Delhi and is one of the oldest government-owned Group Health Insurance providers. With insurance products in almost all the Group Health Insurance categories, this company offers plans for group health insurance plans. The key benefits of a group health insurance policy are:

• This group health insurance policy is available for any association, group, or organization with more than 50 people.
• All the expenses during hospitalization are covered.
• A cashless facility is available in-network hospitals.
• Covers expenses of the treatment of some critical illnesses.

Universal Sompo Group Health Insurance Company Limited

Universal Sompo Group Health Insurance Company Limited is one of the leading Group Health Insurance providers in India. The company was founded in the year 2007 and since then it is offering some of the insurance products in the Group Health Insurance category. The key benefits under this plan are:

• The policy offers wide coverage with sum insured up to Rs. 5,00,000.
• The age of the policyholder, the size of his/her family, and the sum insured are the factors to decide the premium of the policy.

This policy is restricted to nursing homes and hospitals in India only.