Fewer Waiting Periods with Group Health Insurance

Usually, there is no waiting period in the group health insurance policy. However, it may vary from insurer to insurer, and based on the type of disease. The waiting period for group health insurance can be completely waived off and differ from individual health insurance. Know all about the waiting period for group health insurance in the below article.

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.

Waiting Period in Group Health Insurance

The waiting period is a self-explanatory term, where you have to wait for some time before you can avail any benefits.This waiting period is pre-decided by the insurer as per the type of disease or health conditions.

Moreover, the waiting period is calculated from the day when you bought the policy. If you raise any claim before the waiting period has ended, your insurer denies the request.

Meaning of Fewer Waiting Periods in Group Health Insurance

There are different types of waiting periods in an individual health insurance plan. The most significant advantage of group health insurance is that this waiting period can be waived off. Let's have a look at the waiting period for a group medical insurance policy-

  1. Initial Waiting Period

    As a standard in the insurance industry, all health insurance policies must have a waiting period of 30 days. Under this, you cannot raise a claim for one month after the policy is into effect. Here the insurer will ensure that you do not utilise insurance for a planned surgery.

    During this initial waiting period, the insurer can provide compensation for accidents and emergency hospitalisation. However, in group insurance, the initial waiting period is completely waived off.

  2. Pre-existing Disease Waiting Period

    As per the guidelines of the IRDAI, pre-existing disease refers to that has been diagnosed up to 48 hours before buying the health insurance policy.

    Some common types of the pre-existing disease include thyroid, hypertension, diabetes, etc. In such a case, you have to serve for 1-4 years before getting covered for any of the specified pre-existing diseases.

    When you have a group insurance policy, the insurer provides hospitalisation coverage for all the pre-existing diseases, conditions, injuries, or ailments from day one.

  3. Specific Disease Waiting Period

    Different diseases like ENT, hernia, osteoporosis, tumor, disorder, etc., come with a specific waiting period in health insurance. Under this, you have to wait for usually 1-4 years.

    However, the waiting period and the ailments may vary from insurer to insurer, therefore, it is recommended to read the policy wordings carefully. One of the group health insurance benefits is that limited ailments need no waiting period for raising claims.

  4. Waiting Period for Maternity Expenses

    In individual health insurance policies, you have an option to add maternity expenses and new baby cover as an add-on cover. Usually, the policyholder has to serve a waiting period of 9 months before claiming. In group insurance waiting period can be waived off by providing the coverage from the date of purchase.

    In group health insurance, the waiting period depends on the terms and conditions of the insurers. However, you can easily waive this waiting period.

Conclusion

With so many benefits associated, investing in a group health insurance policy seems like a wise decision. Also, offering adequate coverage to your employees will help them in contributing toward organisational goals.You can visit the official website of Policybazaar Insurance Brokers Private Limited to find a suitable group insurance plan as per the need and budget of your company.

Written By: PolicyBazaar - Updated: 05 August 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
Day Care Treatment in Group Health Insurance

05 Aug 2022

Employees covered under a group health insurance plan get...
Read more
Group Health Insurance OPD Cover

01 Aug 2022

Due to a growing sedentary lifestyle and rising chronic...
Read more
Top 5 Healthcare Benefits in Group Health Insurance

29 Jul 2022

Employer-sponsored benefits are a key marker of any...
Read more
Pre & Post Hospitalisation Coverage in Group Health Insurance

12 Jul 2022

Group health insurance is an attractive perk provided by an...
Read more
Health Risk Assessment Program for Employees

29 Jun 2022

The health risk assessment program identifies the health and...
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
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
Pre & Post Hospitalisation Coverage in Group Health Insurance
Group health insurance is an attractive perk provided by an organization to the employees. In case of a medical...
Read more