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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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

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.
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.
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.
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

View all 189 reviews

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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

189 Review Item

Disclaimers⁺
⁺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
By clicking on "Next" you agree to our Privacy Policy and Terms Of Use and also provide us a formal mandate to represent you to the insurer and communicate to you the grant of a cover.
The details of insurance coverage, inclusions and exclusions are subject to change as per solutions offered by insurance providers. The content has been curated based on the general practices in the industry. Policybazaar is not responsible for the factual correctness of these details.