Group Health Insurance Policy

What is Group Health Insurance? Group health insurance is a type of plan that provides coverage to a group of members, usually comprising employees of a company or members of an organization. This insurance plan is also referred to as corporate health insurance.

A prime benefit under group health insurance provided by the employers is that the coverage support can be extended to the family members of the employees in some cases.

Why Buy a Group Health Insurance Policy?

Group Mediclaim Insurance for SMEs, Startups & Corporates - Group health insurance proves to be beneficial for both, employers as well as employees. With group health insurance, employers gain better benefits at a low cost, tax benefits, employee retention, and motivated employees.

Employee Can Gain The Following Benefits:

  • Flexible health insurance customized as per your medical needs.
  • Immediate cover without any waiting period.
  • No health check-up required.
  • Cover for the best medical facilities.
  • Cover for pre-existing diseases from day one.
  • Wide cover range with no limit on diseases.
  • Advantage of maternity benefit along with cover for newborn baby expenses.
  • Low premium in comparison to individual health insurance.

It’s important to learn that you can only enjoy the benefits of a corporate health insurance policy till you work in the organization. The day you quit the job, the policy will become null and void.

How Many Members Can Be Covered Under Group Health Insurance?

Under group health insurance, you can cover your dependents such as spouse, parents, or children (depending on the plan).

How to Buy The Best Group Health Insurance Policy

When it comes to buying group health insurance, it is the insurer that makes the choice. An employee can’t buy the policy, but he/she can be covered under group insurance offered by their employer.

If you are an employer looking for the best group health insurance for your employees, consider below-mentioned points:

Major Benefits of Group Health Insurance Policy

Prime features under your group health insurance plan are that the policy should satisfy all medical needs of the employees, without compromising on the quality of treatment.

1. Service Benefits

Good service is of massive importance in cases of health insurance. When choosing a group health insurance plan, it is important to know the services your insurer will provide to your employees.

2. Geographical Coverage

Your ideal group health insurance plan should come with a vast cover in terms of geographical location. Also, check the number of network hospitals spread across the country.

3. Health Insurance Premium

Premium is one of the key aspects to make a group health insurance choice. Remember to not just go with the lowest premium, but check the benefits offered as well.


Do check exclusions under the group health insurance plan beforehand so that your employees do not face inconvenience later.

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FAQ About Group Health Insurance Policy

  • Who all are eligible for group health insurance?

    Employer-employee groups, non-employer-employee groups, banks, professional groups, non-banking financial institutions, and micro-finance institutions are eligible for group health insurance policies.

  • Can I be covered under more than one group health insurance policy?

    Yes, it is possible! You can be covered under a group health insurance policy provided by your employer as well as a group health insurance policy provided by the employer of your spouse. 

  • Will I be covered for pre-existing conditions under my group health insurance policy?

    Yes! Under your group health insurance policy, you will be covered for pre-existing conditions. Also, you will not be asked to submit any documents. 

  • Does the group health insurance policy come with a waiting period?

    No! In general, group health insurance policies do not feature a waiting period. But the policy will stop providing you coverage the moment you quit the job.

    Want to know more about the group health insurance plan? Call InsuranceDekho experts at 1800-1205-698!

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*Standard T&C Apply. All savings/offers are provided by the Insurers, which are subject to modification .For more details on risk factors, terms and conditions, please read the sales brochure of respective insurers carefully before concluding a sale. Tax benefits are subject to changes in applicable tax laws. Girnar Insurance Brokers Private Limited, (CIN: U66010RJ2016PTC054811, Regd .Off: Girnar 21, Govind Marg, Moti Doongari Road, Dharam Singh Circle, Jaipur, Rajasthan- 302004; Corp. Off: 11th Floor, Tower B, Emaar Digital Greens, Golf Course Extension Road, Sector-61, Gurugram-122102, Haryana. IRDAI License no 588. Direct Broker (Life & General) valid till 19th March 2023. Email - ; Helpline number: 7551196989.
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