Group Health Insurance for Pharmaceuticals Industry

Group health insurance for pharmaceuticals industry provides coverage to the employees working in the factories, offices of the pharmaceutical company. Group insurance plan covers financial expenses incurred in the medical treatment for injuries or specified illnesses caused during the tenure of employment.

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₹1 Lakh cover starting at
₹110/month/employee+
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Whom do you want to insure?

  • Employee, spouse & kids

  • Employee only

Importance of Group Health Insurance for Pharmaceutical Industry

Covering your employees under a group health insurance plan in the pharmaceutical company plays an important role. The insurance plan not only help the employees get financial coverage as well as help the employer retain employees and reflect goodwill among them. Hence providing group medical plan to the employees become necessary.

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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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  • 17 Apr
  • 18 Apr
  • 19 Apr
  • 20 Apr
  • 21 Apr

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 Health Insurance for Pharmaceutical Industry

Group medical insurance for Pharmaceutical firm provides coverage for the following:

  • Doctor’s fees
  • Consultations charges
  • Covers pre-existing diseases
  • Pre and post hospitalisation charges
  • Room rent charges
  • Maternity coverage
  • Employee’s new born baby is covered from the day of delivery
  • Domiciliary charges
  • Day care charges
  • Medical tests such as radiotherapy, chemotherapy, etc. are covered
  • Financial coverage for medicines, x-rays, etc.
  • Ambulance charges

Group Medical Insurance Does not Cover

Group medical insurance does not provide coverage for the following:

  • Homeopathy and Ayurveda treatments
  • Expenses incurred in treatment of AIDS or any other related illnesses
  • Complications arising because of drug or alcohol abuse
  • Several insurance companies do not provide coverage for the parents
  • Diseases present since the birth of the employees

Group Mediclaim for Pharmaceutical Industry: Claim Process

Follow the steps given below to raise cashless claim through TPA:

  • Reach out to the TPA desk in the hospital
  • Ask for pre-authorisation form and fill it in
  • TPA gets the pre-approval from insurance company
  • Insurer then settles the claim

Follow the below mentioned steps for re-imbursement

  • Inform insurer within 24 hours of getting hospitalised
  • Collect all the bills, reports and other required documents
  • Submit claim form within 7 days of discharge with all the required documents attached
  • Insurer will process the claim after cross checking the documents
  • The amount gets reimbursed within 7 working days

Group Medical Cover for Pharmaceutical Firm: Required Documents

You need to submit the following documents along with the claim form to raise the claim:

  • Claim form
  • Cash memo
  • Discharge summary
  • Doctor’s prescription
  • Any other documents as per insurer’s request
  • FIR, if any
  • Final bill

calcu-img

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
  • 17 Apr
  • 18 Apr
  • 19 Apr
  • 20 Apr
  • 21 Apr

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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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