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

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.