What Are GPA and GMC Insurance Policy?

Businesses and corporate houses thrive to provide a significant level of satisfaction to their employees. It directly impacts the way their business expands, competes in the market, and expands. The organizations offer many benefits to keep their employees happy like maternity leave, paid leave, casual leave, etc. are to name a few.

Read More

Get ₹5 Lac Health Insurance starts @ ₹200/month*
Get ₹5 Lac Health Insurance starts @ ₹200/month*
250+ Plans 18 Insurance Companies
₹ 5 Lakh Coverage @ ₹ 10/day
7 Lakh+ Happy Customers

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
*Tax benefit is subject to changes in tax laws. Standard T&C Apply

Get insured from the comfort of your home No medicals required
I am a

My name is

My number is

By clicking on 'View Plans' you, agreed to our Privacy Policy and Terms of use
Close
Back
I am a

My name is

My number is

Select Age

City Living in

    Popular Cities

    Do you take any daily medication? Apart from vitamins & supplements
    Get updates on WhatsApp

    Besides, providing a health insurance policy is also a part of such benefits that many companies offer to their employees. Here we are going to discuss the same under the name of Group Medical Coverage (GMC) and Group Personal Accident (GPA). We will discuss how these policies offer substantial and financial coverage to their employees.

    What Is GPA Insurance?

    Group personal accident policy comes under the group insurance policy. This policy offers financial support against unexpected and unforeseen circumstances like an accident that leads to disability or fatal injury. However, there is not feature of customization in this policy as per the needs of the employees.

    Additionally, it comes with in-built features and services that apply to all people irrespective of their requirements and personal needs. The amount of premium is lower than a standalone cover for personal accidents and is either paid by the organization or sometimes from a fraction of the salaries of their employees.

    The GPA provides insurance coverage even when an employee is not on duty or is outside the country. Some of the noteworthy features of this policy are as follows:

    • Accidental death cover
    • Total, partial, or permanent disability cover
    • Disablement cover for depreciation of any body part or loss of limbs
    • An education fund for a maximum of two dependent children of each employee
    • Ambulance charges and transportation cover

    Some insurance providers as well provide the facility of add-on covers at the payment of extra premium wherein the policyholders can avail personal accident cover of up to 40% and a daily allowance of Rs. 500 for a maximum of 30 days while the policyholder is hospitalized.

    What Is GMC Insurance?

    GMC is a short form for Group Medical Cover, which is a customizable health insurance plan for a group of people with the same interest. It can be tailor-made for organizations and corporations according to their requirements and needs. In this type of health insurance plan, the risk cover is saturated on many people and therefore the premium amount that policyholders pay for this type of insurance policy is comparatively lesser than individual health insurance policies. In some cases, the entire premium cost is paid by the employer itself, whereas some employers charge a specific amount from the salaries of their employees.

    A GMC is dependent on many factors like group size, demographic components such as income, age, and occupation of the employees or group members and it includes some add-on covers or riders according to the insurance policy. Some major features of this policy are:

    • Covers hospitalization
    • Post and pre-hospitalization coverage
    • It covers OPD expenses as well
    • It covers maternity and infant health
    • It covers the expenses of daycare procedures

    The Final Words!

    These are the small descriptions of GPA and GMC insurance policies with their advantages. Hopefully, after reading the aforementioned content, you will no longer be in the dark about these two types of group health insurance plans. However, despite the differences, these two are opted by the organizations or groups for providing benefits to their employees. Moreover, these insurance policies also come with some exclusions like death clauses, engaging in criminal activities, sexually transmitted diseases, etc. You always have the option to select a separate health insurance plan for your family and yourself in addition to these group health plans according to your health and financial conditions.

    Written By: PolicyBazaar - Updated: 26 July 2021
    Search
    Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.

    You May Also Want to Know About

    Top Maternity Insurance Plans

    Top Maternity Insurance Plans

    Top Maternity Insurance Plans Maternity or pregnancy is an important phase of life, and one needs to prepare in advance to embrace parenthood. Though rearing a child is an expensive affair and may require good financial backup to meet the requiremen...
    Health Insurance Claims Ratio- Things You Should Look Before Buying Health Insurance

    Health Insurance Claims Ratio- Things You Should Look Before Buying Health Insurance

    There has always been a doubt in customers mind about whether the private company will keep its side of the bargain i.e. it will settle the claim or not. A customer spends premium annually which will cover his medical expenses but there’s always ...
    Best Health Insurance Plans for Senior Citizens in 2021

    Best Health Insurance Plans for Senior Citizens in 2021

    Best Health Insurance Plans for Senior Citizens in 2021 Considering the increasing percentage of medical inflation in India, it has become an absolute necessity to buy adequate health insurance for your loved ones. And if they are your elderly pare...
    Covaxin vs. Covishield vs. Sputnik vs. Pfizer: Which one should you get?

    Covaxin vs. Covishield vs. Sputnik vs. Pfizer: Which one should you get?

    Covaxin vs. Covishield vs. Sputnik vs. Pfizer: Which one should you get? Covaxin vs. Covishield vs. Sputnik vs. Pfizer, the speculation continues regarding the difference between the efficacies of these COVID-19 Vaccines against the Coronavirus. If...
    Here’s the Difference between Health Insurance and Mediclaim

    Here’s the Difference between Health Insurance and Mediclaim

    Here’s the Difference between Health Insurance and Mediclaim Imagine you’re looking for a job change. You get an interview call for a job. What will be your plan of action? Will you get your resume ready and prepare for the interview or you wi...
    Close
    Download the Policybazaar app
    to manage all your insurance needs.
    INSTALL