Group Health Insurance Companies
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Whom do you want to insure?

  • Employee, spouse & kids

  • Employee only

Generally, the price of a group health insurance plan is comparatively lesser than individual health insurance policies and it also provides tax benefits to employers. In this way, a group health insurance policy from one of the best group health insurance companies is beneficial for both - employees and employers.

In this time of the pandemic, most of the best health insurance for business owners provide Covid-19 over apart from other coverage. Here we are going to discuss the best group health insurance companies in brief.

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Best Group Health Insurance Companies

Below table shows some of the top group health insurance companies in India that offer some of the best group health insurance plans:

Insurance Provider Incurred Claim Ratio Network Hospitals
Aditya Birla Group Health Insurance 94% 6000 and above

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Bajaj Allianz Group Health Insurance 98% 6500 and above

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Bharti AXA Group Health Insurance 89% 4500 and above

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Cholamandalam MS Group Health Insurance 95% 8100 and above

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Digit Group Health Insurance 96% 5900 and above

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Future Generali Group Health Insurance 73% 5100 and above

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IFFCO Tokio Group Health Insurance 102% 5000 and above

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Kotak Mahindra Group Health Insurance 96% 4800 and above

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Liberty Group Health Insurance 82% 5000 and above

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ManipalCigna Group Health Insurance 90% 6500 and above

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Navi Group Health Insurance 46% 4900 and above

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Oriental Group Health Insurance 108.80% 4300 and above

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Reliance Group Health Insurance 98% 7300 and above

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Royal Sundaram Group Health Insurance 61% 2200 and above

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SBI Group Health Insurance 97% 6000 and above

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Tata AIG Group Health Insurance 78% 6300 and above

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United India Group Health Insurance 110.51% 7000 and above

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Universal Sompo Group Health Insurance 92% 4000 and above

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Zuno (Formerly Edelweiss) Group Health Insurance 95% 2500 and above

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Disclaimer: *Policybazaar does not endorse, rate, or recommend any particular insurer or insurance product offered by an insurer.

Group health insurance

Bharti AXA Group Health Insurance Company Limited

Bharti AXA Group Health Insurance Company Limited is a joint venture between Bharti Enterprise and AXA, global insurance market leader. The company provides a wide range of healthcare insurance plans at affordable rates. The easy claim settlement process, cashless facility in 4500+ network hospitals are some of the reasons, employers opt for this insurance provider.

Bharti AXA offers many group health insurance plans that help the groups or employers to meet the benefits of their employees or people of the group. The key benefits of this one of the best group health insurance plans are:

  • Bharti AXA Group Health insurance plan provides medical benefits to the insured, his/her spouse, dependent children, and sometimes dependent parents.
  • The facility of cashless hospitalization at a network hospital.
  • Pre- and post-hospitalization expenses are also covered.

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 best 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.
Employee health insurance

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 best 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 best 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 best 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 best 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 best 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.

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Policybazaar for Business - Group Health Companies Insurance - Customer Reviews
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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.
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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.
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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

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