Non-Employer Group Vs Individual Health Cover

After the outbreak of covid-19, we have learned how uncertain a human life is. Other than this, we have realized the importance of health insurance coverage. There are different types of health covers available in the market but here we will talk about the non-employer group cover and individual health cover. Let us differentiate between them.

Read more
Tailored health plans, dedicated expertise - the perfect match for your organization's well-being
Customized plans

Affordable prices

24X7 Support

Dedicated claims manager

Total Care

All round wellness benefits

Fast-track your search with instant quotes from top insurers
₹1 Lakh cover starting at
₹110/month/employee+
No medical test required
Zero waiting period
Paperless claims
secure-icon We don't spam
Get Updates on WhatsApp

Whom do you want to insure?

  • Employee, spouse & kids

  • Employee only

 

Basic Difference Between Individual & Non-employer Group Cover

The insurance companies offer health insurance plans for a single person, for families as well as a group of people. As the term individual suggests, it is an insurance plan that an individual can purchase for his/herself whereas non-employer group cover is a type of insurance policy that can be purchased by a group of people such as people living in a society, cultural association or people holding account in the same bank.

Whether individual or non-employer group health cover, it is necessary for the buyer to learn about the policy in detail. It is vital to look at the kind of coverage it provides, premium amount, customization, etc. So let us tell you about all these things and how these things differ in an individual and non-employer group health cover.

Coverage Comparison

While purchasing non-employer group health cover, the extent of coverage in this policy depends on the insurance company. However, there are standard insurance plans with standard coverage that will be applied to all the members of the group. The standard plan provides an equal sum insured amount to each one in the group. In some cases, the customers can choose the amount of coverage but the options would be limited. These plans would work if all the members of the group have similar health conditions, financial backgrounds and demographics. This will make it easier for them to choose a particular plan that suits all of their requirements.

If we talk about individual health insurance then it is considered better than any other type of health insurance plan. It is because it provides coverage to a single persona and the whole sum insured amount can be used by that individual only. The individual can choose the sum insured amount according to him/her. Also, you can purchase different add-ons by paying an extra premium amount. It is considered better than any other type of insurance plan because an individual can make changes and customize the plan as per requirement and does not have to consult with anybody else.

Option of Renewability

The advantage of being covered under an individual health insurance plan is that you can renew your plan lifelong, unlike non-employer group health plan. The policyholder can renew the individual health insurance cover as long as they want or alive.

However, in non-employer group health cover, the insurance plan cannot be renewed for a lifetime. There are uncertainties in this insurance plan as there are not many options available in the market which makes it limited for the insured to choose another plan in case the existing one expires. Also, in case the bank and the insurance company shut down a particular product then it will leave the insured clueless without not much options left in the market.

Flexibility in Price

The individual health insurance plan’s price is set according to the guidelines of the Insurance Regulatory & Development Authority of India. However, the non-employer group health insurance plan prices are flexible as it depends on the number of people covered under the plan along with the kind of coverage it provides and the requirement of each member of that group.

All these factors play a vital role in deciding the price of the insurance plan. So keep these things in mind while purchasing the group health plan and when you as an individual or a group are satisfied with the coverage and it fits your budget, then you can opt for it.

Customization

Insurance companies let their customer customize the insurance plan they are looking to purchase as per their requirement. It is easier in the case of individual health insurance coverage because it depends on one person to make the changes in the desired insurance plan.

In the case of non-employer group health plans, several people are involved. Since a single member or the owner of the group purchase the insurance plan on behalf of everyone. It can become a bit hectic for the group owner to purchase an insurance plan that could fulfill each and everyone’s requirements in the group. Also, if a member of the group leaves the group then he/she will no longer be covered under the non-employer group health insurance plan.

Conclusion

Whether it is individual health insurance or non-employer group health insurance. It is suggested by the insurance experts to learn about the policy properly and then purchase it. Also, every insurance policy comes with a different set of terms and conditions so be very keen while selecting the insurance policy.

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
  • 25 May
  • 26 May
  • 27 May
  • 28 May
  • 29 May

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

Written By: PolicyBazaar - Updated: 09 March 2023

Now help your friend get Business Insurance

Your referral is greatly appreciated!

Our team will reach out to your friend soon to help with their business insurance requirements.

Wait! Didn't find what you were looking for?

Our certified business insurance experts are just a call away.

icon Expert advice made easy icon
  • Date
  • Time

When do you want a call back?

  • Today
  • Tomorrow
  • 25 May
  • 26 May
  • 27 May
  • 28 May
  • 29 May

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

Call scheduled successfully

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 15752 Views
A group medical insurance scheme offers many benefits in addition to providing financial support during medical...Read more
08 Feb 2023 by Policybazaar 7839 Views
When it comes to insurance, it's important to have a clear understanding of the available options. GPA (Group...Read more
01 Jun 2023 by Policybazaar 7408 Views
Companies worldwide strive to attract top talent by offering competitive salaries and outstanding corporate...Read more
15 Sep 2023 by Policybazaar 1856 Views
Adequate health insurance forms an important component in a sound and practical personal financial plan. Its...Read more
21 Sep 2022 by Policybazaar 7505 Views
Extended work hours or working on holidays and weekends have...Read more
18 Apr 2024 by Policybazaar 222 Views
In today's competitive job market, where top talent holds the...Read more
29 Mar 2024 by Policybazaar 212 Views
Payroll management stands as a cornerstone of every business...Read more
26 Mar 2024 by Policybazaar 208 Views
The hybrid work model, a blend of remote and in-office work, is...Read more
26 Mar 2024 by Policybazaar 240 Views
Keeping employees motivated during difficult times is a...Read more
22 Mar 2024 by Policybazaar 193 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