Impact of Group Health Insurance on Employee Morale

In the corporate sector, the health and happiness of employees are crucial. A workforce with good mental well-being and high morale is a precious asset for any company. This becomes even more important when employees know they have financial protection for unexpected medical issues through a strong group health insurance policy provided by the company.

Read more
Back
₹1 Lakh cover starts at ₹110/month/employee+
Safeguard your team's health with
day 1 coverage

Whom do you want to insure?

We don’t spam
View plans instantly
By clicking on "View plans instantly" you agree to our Privacy Policy and Terms Of Use
Get Updates on WhatsApp
  • Employee,
    spouse & kids

  • Employee only

View quotes
  • Customized & affordable plans
  • 24/7 claim support
  • Complete wellness benefits
Our top insurers
secure-icon We don't spam

Whom do you want to insure?

  • Employee, spouse & kids

  • Employee only

Wellness At Work

Benefits of group health insurance

The Dark Side of Lower Employee Morale

Conversely, an employee grappling with lower morale can cast a shadow on the productivity and harmony within a company. The burden of medical expenses, especially when an employee or their dependents fall ill, can exacerbate the strain on an already demoralized individual. 

In the absence of a group health insurance policy, the financial implications of unexpected medical issues can amplify stress levels, directly impacting the employee's overall morale.

The Importance of Group Health Insurance

Group health insurance emerges as a beacon of support in this scenario, offering a crucial safety net for employees. This insurance coverage not only safeguards employees' financial well-being but also significantly influences their morale. 

Knowing that they are covered under a group health insurance plan alleviates the anxiety associated with unforeseen medical problems. This assurance fosters a sense of security, allowing employees to focus on their work without the looming worry of unexpected medical expenses.

Impact on Employee Morale

The impact of group health insurance on employee morale is profound. The mere knowledge that medical expenses are taken care of creates a positive ripple effect. Employees feel valued and supported, fostering a sense of loyalty to the company. 

This assurance extends beyond the individual employee to their family, creating a holistic sense of well-being. The result is a workforce that is not only physically healthy but also mentally resilient, contributing positively to the overall work environment.

Key reasons to prioritize Group Health Insurance
  • Critical Job Factor

    According to a report by Society for Human Resource Management (SHRM), 60% of employees consider health insurance essential when choosing a job.

  • Boost Productivity

    According to World Health organisation (WHO), poor health can cause a 20-25% drop in productivity.

  • Tax Benefits

    Employer-paid health insurance premiums are tax-deductible under Section 80D .Not offering this can mean missing out on tax savings.

  • Regulatory Compliance

    The Indian government has introduced regulations like Social Security Code, 2020 the which mandates health insurance for certain sectors. Non-compliance can lead to penalties.

Ensure you're covering all bases with group health insurance to attract top talent, improve productivity, and stay compliant!

Conclusion

The impact of group health insurance on employee morale cannot be overstated. A company that prioritizes the health and financial security of its workforce cultivates a positive and productive atmosphere. As employees experience the tangible benefits of being covered under a group health insurance plan, their morale is lifted, and the company, in turn, reaps the rewards of a motivated and engaged workforce. Group health insurance is not just a policy; it is an investment in the well-being and morale of the company's most valuable asset – its employees.

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
  • 01 Nov
  • 02 Nov
  • 03 Nov
  • 04 Nov
  • 05 Nov

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

Download Policy Wordings of Magma

Wellness At Work

Benefits of group health insurance

Disclaimer: Above mentioned insurers are arranged in alphabetical order. Policybazaar.com does not endorse, rate, or recommend any particular insurer or insurance product offered by an insurer.
We don't spam
View Plans Instantly
By clicking on " " you agree to our Privacy Policy and Terms Of Use
Whom do you want to insure?
  • Employee, spouse & kids
  • Employee only
Continue
icon Expert advice made easy icon
  • Date
  • Time

When do you want a call back?

  • Today
  • Tomorrow
  • 01 Nov
  • 02 Nov
  • 03 Nov
  • 04 Nov
  • 05 Nov

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

Call scheduled successfully!

Our experts will reach out to you on 4th June between 2:00 PM - 3:00 PM

Thank you
Our experts will provide you assistance with your
insurance coverage. Be assured, all your questions
will be answered

Customizable plans from top insurers

starting @ ₹110/employee*

View Quotes
Group Health Insurance Articles
GIPSA stands for General Insurance Public Sector Association. It is a group of four General insurance companies...Read more
28 Apr 2022 by Policybazaar 26519 Views
Under Section 37(1) of the Income Tax Act, 1961, an organization can apply for tax exemption on the premiums paid...Read more
29 Nov 2022 by Policybazaar 16913 Views
One of the biggest benefits a salaried employee get is group health insurance coverage. This is provided by the...Read more
27 May 2016 by Policybazaar 25344 Views
GPA (Group Personal Accident) and GMC (Group Medical Coverage) are two popular types of insurance policies often...Read more
01 Jun 2023 by Policybazaar 16005 Views
The employer-employee insurance scheme is a valuable benefit for businesses, providing financial support to...Read more
05 Oct 2020 by Policybazaar 29012 Views
As the name implies, Corporate Group Health Insurance is wherein the employer provides healthcare coverage to the...Read more
24 Mar 2014 by Policybazaar 23736 Views
The Hospital's Third-Party Administrator Desk, often referred to as the TPA desk, functions as a valuable support...Read more
03 Nov 2023 by Policybazaar 6957 Views
Group health insurance for employees is one of the most common and favored types of benefits offered by the...Read more
25 Aug 2022 by Policybazaar 11830 Views
Adequate health insurance forms an important component in a sound and practical personal financial plan. Its...Read more
21 Sep 2022 by Policybazaar 13187 Views
Extended work hours or working on holidays and weekends have become common in workplaces Compensatory leave for...Read more
18 Apr 2024 by Policybazaar 8464 Views
Offering group health insurance to employees is a critical benefit that enhances their well-being. In India, 80%...Read more
05 Oct 2023 by Policybazaar 9679 Views
Corporate health insurance policy refers to the type of insurance policy that provides coverage for the expenses...Read more
17 Mar 2021 by Policybazaar 7496 Views
Companies worldwide strive to attract top talent by offering competitive salaries and outstanding corporate...Read more
15 Sep 2023 by Policybazaar 9030 Views
Employee onboarding is a process in which a new hire is made familiar with the office policies its organisational...Read more
02 Apr 2025 by Policybazaar 1872 Views
Group health insurance is a customized policy that is usually provided by the employer in order to cover the...Read more
13 Feb 2023 by Policybazaar 6383 Views
Strong workplace relationships are the foundation of every...Read more
06 Oct 2025 by Policybazaar 81 Views
Workplace stress has become a significant issue in India's...Read more
06 Oct 2025 by Policybazaar 154 Views
Salary revision is the process of adjusting an employee's pay...Read more
23 Sep 2025 by Policybazaar 301 Views
In today’s workplaces, pay structures have moved away from...Read more
22 Sep 2025 by Policybazaar 261 Views
Payroll is one of the most critical aspects of business...Read more
28 Aug 2025 by Policybazaar 380 Views
Employee allowances form an integral part of your salary...Read more
26 Aug 2025 by Policybazaar 353 Views
Employee retention in India means the active, consistent...Read more
25 Aug 2025 by Policybazaar 221 Views
An employee handbook is a detailed and accessible manual that...Read more
25 Aug 2025 by Policybazaar 391 Views
A salary increment is an increase in your existing pay, often...Read more
19 Aug 2025 by Policybazaar 913 Views
Warning Letter is a formal letter that an employer issues to an...Read more
15 Jul 2025 by Policybazaar 526 Views
A Relieving Letter is a formal, written statement given by an...Read more
15 Jul 2025 by Policybazaar 914 Views
Section 37 of the Income Tax Act 1961 is the supplementary...Read more
15 Jul 2025 by Policybazaar 1210 Views
Boolean Search is a rule-based, structured approach commonly...Read more
15 Jul 2025 by Policybazaar 1375 Views
Recruiting candidates at the right time is needed to ensure...Read more
14 Jul 2025 by Policybazaar 458 Views
Full and Final Settlement (FnF) is the complete procedure...Read more
11 Jul 2025 by Policybazaar 1554 Views
Policybazaar for Business - Group Health Insurance - Customer Reviews
View all
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