Bangalore (Karnataka) [India], December 24: Group health insurance plans include employees of an organisation who can get themselves and family members. Besides employees, some companies offer Group Medical Insurance for Family as well. Employees covered can also choose the family members to be covered, such as self, spouse, parents, and children.
Who Should Buy Group Health Insurance?
• Small Businesses
Small businesses, i.e., approx. 20 to 50 employees can purchase a group health insurance plan. Companies like Onsurity even offer group health insurance tailored for startups and small businesses, with as few as 3 employees.
• Medium Businesses
The Group health insurance plan can be purchased by medium businesses, i.e., employees of around 250. Though they possess more resources than that of small businesses, they face challenges similar to those of small businesses.
• Large Businesses
The Group health insurance plan can be purchased by large businesses, i.e., with employees above 250. It will help them scaling their business and emerge as a dominant player.
Inclusions
• Room rent expenses, ICU charges, doctor’s fees, etc., in the event of planned or emergency hospitalisation, and a maximum of up to the sum insured.
• Consultation fees of a doctor, diagnostic tests, or medication 30 days before admission up to 60 days post-hospital discharge.
• There is no waiting period here for the Group Insurance policy.
• The cost incurred in case of any pre-existing illnesses.
• Advanced medical care, along with coverage for treatments.
• Maternity coverage is included in group health insurance, with a maximum of up to INR 50,000 in the case of both Normal & C-sections with no waiting period.
• Room rent charges are limited to a maximum of 1% of the sum insured per day.
• the baby gets covered automatically since birth.
• Ambulance charges.
Exclusions
• Injuries due to suicide or attempted suicide.
• If hospitalisation is required due to a contraception procedure.
• Alcohol or drug abuse-related expenses
• Miscarriage, abortion or any consequential treatment is not covered
• Infertility or IVF-related tests or treatment
• Admissions-related expenses for diagnostic and evaluation purposes
• Circumcision, unless required for the treatment
• Commit or attempt to breach of law with criminal intention
Steps to Apply for Group Medical Insurance
• Fill out the application form available online with some basic details, such as name, mobile number, gender, address, etc.
• To proceed further, click “Get Quote”.
• From the list of health plans available, choose the group health insurance plan that best suits you.
• Click the option “Buy Now”.
• Your personal records will be filled on their own based on your previous records.
• Verify the same and click the option “Next” if they are correct.
• Provide the address and nominee details.
• Provide answers to some questions related to health and lifestyle and click “Next”.
• Cross-verify the details filled in and proceed to make the payment.
• The payment can be made via UPI. Net Banking, Debit or Credit card.
Conclusion
Due to the risk of Group Health Insurance Plans being spread amongst all employees, the premium amount becomes lower comparatively, making them the most affordable ones. Also, it becomes attractive for employees who cannot afford health insurance plans.
(Disclaimer: The above press release comes to you under an arrangement with PNN and PTI takes no editorial responsibility for the same.). PTI PWR
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