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After the COVID-19 lockdown, the Indian government introduced a regulation stipulating that all industrial, commercial, and corporate offices must provide group health insurance coverage to their employees.
| Company Name | Plan Name | CSR | Why Do We Recommend It? | Sum Insured |
|---|---|---|---|---|
 Star Health Insurance |
Star Group Health Insurance Plan | 99.21% | Covers newborn Covers daycare treatment Optional maternity cover |
Upto 1 Crore |
 Care Health Insurance |
Care Group Health Insurance Plan | 100% | Covers children and parents Can make easy changes Online health risk assessment |
|
 TATA AIG Health Insurance |
TATA AIG Group Health Insurance | 95.46% | Lower premiums Customisable policy No waiting period |
|
 Aditya Birla Health Insurance |
Aditya Birla Group Health Insurance | 99.01% | Draw and retain employees Simple administration procedures Riders benefits |
|
 Digit General Insurance |
Digit Group Health Insurance | 96.83% | Covid-19 covered Low-cost premium Cashless claims |
|
 Niva Bupa Health Insurance |
Niva Bupa Group Health Insurance | 100% | Coverage for parents No pre-policy health checkup Comprehensive coverage |
|
 ICICI Lombard General Insurance |
ICICI Lombard Group Health Insurance | 98.53% | Maternity coverage Critical Illness coverage Dental expenses covered |
|
 BAJAJ Allianz General Insurance |
BAJAJ Allianz Group Health Insurance | 93.54% | Ambulance charges covered In-patient hospitalisation Wellness benefits |
|
 SBI General Insurance |
SBI Group Health | 96.47% | Wide coverage Nursing expenses No pre-medical check-up for 65 year |
Upto 5 Lakh |
 ManipalCigna Health Insurance |
ManipalCigna Pro Health Prime | 99.96% | Non-medical expenses covered No room rent capping Restoration benefit |
Upto 1 Crore |
Read our most trending article- Top 10 Health Insurance company in India and get to know about the best health insurance companies.
In India, there are various types of group mediclaim policy available.
When an employer purchases group health insurance for their employees it is known as corporate mediclaim coverage. It is one of the most commonly purchased health insurance plans. You will get all the benefits including cashless treatment, hospitalisation, pre and post-hospitalisation and much more. Sometimes, these plans also cover family members of the employees, including spouses and dependent children.
Group personal accident insurance is similar to individual personal accident insurance. Group personal accident insurance extends the benefits to a group of people, like employees or members of any association. This plan is offered by the employer or the association to provide financial protection against the expenses arising due to accidental injuries.
Group health insurance is solving numerous problems for the people working in a corporate set-up. Let us discuss a few of them.
| Problem | Solution |
|---|---|
| Team building is a major problem nowadays | Group health insurance helps ensure the security of your team |
| Employee retention | People will stay when they feel secure, even health-wise |
| Work-life balance | With health insurance, you can make sure that your employees’ health is covered |
| Team security | By providing health insurance, you can make sure that your teams will get adequate healthcare. |
If your employees stay healthy, they will be able to work more efficiently. In short, it is a win-win situation for the company as a whole.
Group medical coverage offers valuable benefits for the employees as well as the employer.
To know more about this, you can visit here- Benefits of health insurance .
However, the eligibility criteria depend upon the employer's plan and criteria. Moreover, some general guidelines for eligibility are:
A health card in group medical coverage acts as an identity card during hospitalisation. The insurer provides a digital health card that you need to show at the hospital during the billing process for claim settlement. You just need to download the card and show it to the third-party administrator located at the hospital.
Follow these steps to intimate claims for a group health insurance policy:
Use your registered mobile number to log in to the PolicyX user account.
Click on ‘Claim corporate health policy”.
Enter the necessary details and submit a soft copy of the documents. Now, your claim will be submitted and the amount will be credited to your account.
There are two different types of group mediclaim policy claim processes. Read here about both the claims.
To buy a group health insurance plan, you need to follow these steps
Visit the PolicyX health insurance page, and enter the details of your company and strength.
Click on 'Get free quotes' and compare Group health insurance plans as per your needs.
Select and pay premiums online for the purchased group health insurance plan of your choice.
Our team of insurance experts at PolicyX will provide you with all the assistance required regarding claims and other queries post-purchase of your office health insurance plan.
Visit the PolicyX.com website.
Click on the ‘Renew’ tab
Mention your ‘Policy Number’ and 'Date Of Birth'
Our team of insurance experts at PolicyX will provide you with all the assistance required regarding claims and other queries post-purchase of your group health insurance plan.
Connect with our insurance experts for your group health insurance policy renewal at 1800-4200-269
There are certain documents required for the claim settlement process of a group health insurance that are mentioned below:
Group health insurance offers a win-win situation for both employers and employees. It makes work-life balance easy for the employees. And employers can be able to retain top talent. Also, the tax benefit is an add-on that employers get for paying the premiums.
So are you ready to explore corporate health insurance plans for your company? PolicyX can help you compare quotes, understand different features, and choose the best plan that fits your needs and budget.
Visit our website or contact our insurance experts for a free consultation.
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An explorer and a curious person, Simran has worked in the field of insurance for more than 3 years. Travelling and writing are her only passion and hobby. Her main agenda is to transform insurance information into a piece that is easy to understand and seamlessly solves the reader’s query.
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