Is it a Wise Decision to Depend on Insurance Coverage Provided by the Employer?

Relying on group health insurance can be a wise decision for many individuals, but it also depends on your specific circumstances and needs. However, here are a few reasons that you might find better in the group health insurance policy. The employee must understand the insurance coverage offered by an employer.

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Whom do you want to insure?

  • Employee, spouse & kids

  • Employee only

  1. Waiting Period

    The group mediclaim insurance does not come with any waiting period. The employee may be covered from day one post enrolling under the policy. For example, an employee who suffered from an injury may be covered under the policy on the first day he joined. This conforms to group health insurance. Hence, there is no waiting period in the group health policies.

  2. No Check-ups Needed

    A policyholder is eligible to obtain treatment under the group health insurance policies if he is deemed to be an employee of an organisation covered under the same policy. There is no check-up required. Without any inspections, the employee, along with his family, can be treated under this policy up to the sum insured provided in the policy. 

  3. Immediate Coverage

    The group health insurance offers immediate coverage to the employee and his family members in case of critical illness. In addition, an employee with old parents may avail of the utmost advantage of this policy. It is one of the insurance covers offered by an employer in the group health insurance.

  4. Cashless Facility

    The employee is not required to carry cash to obtain treatment. He may show his insurance card to the hospital, collaborating with the insurance company. The employee shall receive the treatment without any paperwork.

Conclusion

The group health insurance offered by an employer comes with different benefits under the group mediclaim policy. The policy remains in force after retirement and does not include any waiting period. This enables the employee to avail the benefits of the policy from day one post entering into the purview of the policy.

Written By: PolicyBazaar - Updated: 22 August 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
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Based on 189 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.
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
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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