10 Things You Should Know About Group Health Insurance Policy

With a sedentary lifestyle, people tend to fall ill and end up spending expensive hospital bills. Therefore, several companies offer group medical insurance to their employees as an extended support system. GHI not only provides financial coverage to the employee but also benefits the employer in a number of ways.

Read more

Personalised health plans that fit your organization's requirements & dedicated experts to help you choose.

No medical test required
Covers treatment towards illness and accident
Covid-19 cover

App & Website

24X7 Support

Customised Plans

15+ Insurers

Account Manager

Speedy Claims

*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

₹1 lakh cover @ just ₹110/employee*

Select No. of Employees in your organisation

By clicking on "" you agree to our
Privacy Policy and Terms of Use
Get Updates on WhatsApp

*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

Organization we are trusted by


Top Plans

Plans that covers all the Employees, their Spouse and Kids (up to 25 years of age)
See more plans
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.

10 Interesting Facts About a Group Medical Insurance Policy

A group health insurance plan is a part of employee benefits scheme provided by employers to their employees. It offers extensive protections and financial benefits to the employees and their immediate family plans under a single policy. It is a form of investment to support the employees during their tough times.

Here are some interesting facts about group medical insurance that you should be aware of-

  1. Extensive Coverage for All

    Group insurance is a type of employee benefit scheme that offers coverage to a group of employees during medical emergencies. The premium for the group medical insurance is decided and paid by the organisation on the behalf of employees. Moreover, the organisation can customise a plan or select a pre-designed exclusive policy from the insurer that will be the same for all.

  2. No Waiting Period

    Do you know your individual health insurance policy has a waiting period? During this period, you have to wait for some days mentioned in the policy before you can file a claim for diseases. But in group insurance, employees do not have to wait for the policy issuance as all the pre-existing diseases are covered from day one.

  3. Applicability

    An employee's healthcare insurance provided by the organisation continues to apply for the period you are associated with the organisation. The policy tends to cancel when you exist or leave the organisation. Moreover, you have an option to convert your group insurance into an individual plan. However, the premium to be paid would be comparatively higher than the GHI.

  4. Cover for Immediate Family Members

    A group medical insurance policy for employees gives an option to add family members to the cover. You can widen the coverage by adding your immediate family members like spouse, dependent children, and parents. However, the premium will rise as you add members to the plan.

  5. Maternity and New-born Baby Cover

    A group health insurance gives an advantage to female employees by covering maternity-related expenditures and medical treatment. Furthermore, the new-born baby is covered under this for up to 90 days.

  6. Cashless Hospitals Facility

    All the top GHI companies in India have tie-ups with the hospitals to give you a seamless experience during the claim settlement. These hospitals are referred to as network hospitals, and here the bills are smoothly settled between the insurance company and the hospital management. Therefore, you do not need to worry about hospitalisation during any medical emergency.

  7. OPD Coverage

    Generally, a group medical insurance plan offers you Outpatient (OPD) treatment. The treatment in a hospital or a day-care facility without being hospitalised is covered. Make sure you read the policy wordings and terms & conditions before applying for the compensation.

  8. Flexibility

    In the case of a group health insurance policy, a company chooses a plan that works best for the whole group of individuals. It means an employee cannot select a plan and its benefits individually. However, if you choose to buy an individual health plan, you have options to add or remove any feature. Moreover, you cannot discontinue one plan and switch to another insurer in the case of a group insurance online policy.

  9. Preventive Healthcare and Other Benefits

    Group health insurance companies offer plans which include preventive healthcare initiatives to maintain a healthy lifestyle. For example, the Get Visit app by Policybazaar.com offers an easy claim filing process in 5 minutes, 24x7 claims support on WhatsApp, health risk assessment, fitness rewards, a fitness tracker, fitness & yoga workshops.

    Also, you get discounted OPD consultation & laboratory tests, unlimited online doctor consultation, digital mental wellness programs, personalised meditation & mindfulness podcasts, full-body check-up plans at your doorstep, dental expenses, and vision care membership plans.

  10. No Claim Bonus

    Unlike an individual health plan, a group insurance online policy does not offer NCB benefits. In an individual health plan, if you do not raise a single claim in the past years during the policy term, it will give you added benefits in the form of a discount on the applicable premium at the time of renewal. However, in GHI, the premium is to be paid by the employer on the behalf of employees. So, employees do not need to worry about the NCB.

Final Thoughts

A group medical insurance is a comprehensive health benefit offered by companies to their employees to help them during medical emergencies. Therefore, as an employer, you should offer a plan that gives extra benefits to your employees and act as financial support during their tough times.

Written By: PolicyBazaar - Updated: 10 May 2022
Couldn't find the right plan?
Let's navigate the complex world of insurance together. It's actually quite simple!

Customizable plans from top insurers

starting @ ₹110/employee*

View Quotes

Group Health insurance articles

Recent Articles
Popular Articles
Buying Group Health Insurance for Small Business

22 Sep 2022

In India, the small and medium enterprises sector has emerged as...
Read more
Look Out for these Group Health Insurance Cost Factors

21 Sep 2022

In recent years, there has been a significant rise in...
Read more
Bank-Offered Group Health Insurance Policy: Explained!

21 Sep 2022

Adequate health insurance forms an important component in a...
Read more
5 Questions to Ask About Employee Benefits, Especially Group Insurance

21 Sep 2022

In today’s job market, an employee benefits package that is...
Read more
Top Reasons Why Employees Don’t Utilise Group Health Insurance

21 Sep 2022

As per research by Oxford University’s Said Business School...
Read more
What Is GIPSA & How Does It Work?
GIPSA stands for General Insurance Public Sector Association.It is a group of four General insurance companies....
Read more
Aspects Related To Termination Of An Employee In India
Every sector in India went through a bad phase after the impact of the Corona Pandemic. Be it the employers or the...
Read more
What is Corporate Buffer in Group Health Insurance?
Group health insurance for employees is one of the most common and favored types of benefits offered by the...
Read more
How You Can Benefit from Group Insurance as an Employer?
Keeping employees motivated and productive is easier when you make them feel secure. A group health insurance...
Read more
Is Group Health Insurance Compulsory In India?
Group health insurance policy provides coverage to the insured employee in case of a medical emergency. It takes...
Read more