Corporate Group Health Insurance - An Intro

As the name implies, Corporate Group Health Insurance is wherein the employer provides healthcare coverage to the employees (which in many cases extends to the employees' families as well). For working professionals, a group health insurance plan is one of the most lucrative perks offered by employers. More often than not, these plans are uniform, offering the same features and benefits to all the members of the group being insured.

Read more

Personalised health plans that fit your organization's requirements & dedicated experts to help you choose.

No medical test required
Covers treatment towards illness and accident
Covid-19 cover

App & Website

24X7 Support

Customised Plans

15+ Insurers

Account Manager

Speedy Claims

*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*

Select No. of Employees in your organisation

By clicking on "" you agree to our
Privacy Policy and Terms of Use
Get Updates on WhatsApp

*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

Organization we are trusted by

axisbank
byjus
swiggy
lenskart
cars24
yatra
delhivery
1mg
spinny
care
exidelife
g
max
delhidutyfree
pnb
canarahsbc
orange
universalsompo
colliers
celebi

Top Plans

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

Corporate Health Plans are Usually of Two Types:

  • Contributory plans wherein the group member/employee needs to pay a part of the premium along with the employer.
  • Non-contributory plans wherein the employer pays the premium in full.

The biggest benefit of group health insurance is that it is way cheaper than individual health plans (per person). Hence, it is beneficial for those people who cannot afford decent health cover by themselves. The insured group member/employee should never hesitate to question the features and exclusions of the plan being offered by your employer. 

The reason why it comes at a subsidized rate is simple to understand, the risk taken by the insurer is spread over a number of people rather than a single person, thus thinning it out. One might wonder how the premium set on corporate group health insurance plans is. Here’s how it works. The insurance company assesses the risk factor on each member enlisted in the plan. Subsequent to that, the risk factor is blended and the premium is fixed on the averaged risk factor of the group.

Most of the organizations today provide group health insurance coverage to their employees but it is always better to get an individual health insurance plan even if your employer has got you insured. The reason being, that corporate health plans are valid only as long as you are an employee of the company. So obviously your group health plan will cease to cover you when you leave your current organization. The new organization that you join might give you a lower health cover that would not suffice your healthcare needs or it might not offer a health cover at all. Hence, it is imperative to get an individual health insurance plan as well.

Written By: PolicyBazaar - Updated: 01 July 2022
Couldn't find the right plan?
Let's navigate the complex world of insurance together. It's actually quite simple!

Customizable plans from top insurers

starting @ ₹110/employee*

View Quotes

Group Health insurance articles

Recent Articles
Popular Articles
Buying Group Health Insurance for Small Business

22 Sep 2022

In India, the small and medium enterprises sector has emerged as...
Read more
Look Out for these Group Health Insurance Cost Factors

21 Sep 2022

In recent years, there has been a significant rise in...
Read more
Bank-Offered Group Health Insurance Policy: Explained!

21 Sep 2022

Adequate health insurance forms an important component in a...
Read more
5 Questions to Ask About Employee Benefits, Especially Group Insurance

21 Sep 2022

In today’s job market, an employee benefits package that is...
Read more
Top Reasons Why Employees Don’t Utilise Group Health Insurance

21 Sep 2022

As per research by Oxford University’s Said Business School...
Read more
What Is GIPSA & How Does It Work?
GIPSA stands for General Insurance Public Sector Association.It is a group of four General insurance companies....
Read more
Aspects Related To Termination Of An Employee In India
Every sector in India went through a bad phase after the impact of the Corona Pandemic. Be it the employers or the...
Read more
What is Corporate Buffer in Group Health Insurance?
Group health insurance for employees is one of the most common and favored types of benefits offered by the...
Read more
How You Can Benefit from Group Insurance as an Employer?
Keeping employees motivated and productive is easier when you make them feel secure. A group health insurance...
Read more
Is Group Health Insurance Compulsory In India?
Group health insurance policy provides coverage to the insured employee in case of a medical emergency. It takes...
Read more