Group Health Insurance Policy For Employees In India
Following are the different types of group insurance policies available in india.
Group health insurance policy for employees in india - Get several deeply researched insurance options in less than 30 seconds. Corona kavach health plan and corona rakshak health insurance plan. Today group insurance has become an essential part of the employee benefits package.
Premiums in the former are lower in relation to the sum assured compared to individual health insurance policies. According to prakash after the mha order all companies should strive towards providing health insurance cover to their employees. The insurance regulatory and development authority of india irdai has now allowed general and standalone health insurers to offer the arogya sanjeevani policy as a group insurance product.
Group health insurance is a medical insurance that covers a group of people who are usually the members of societies employees of a common company or professionals in a common group. Buy group health insurance policy at policybazaar. Post covid 19 outbreak the irdai has also launched two coronavirus specific health insurance plans i e.
Group health insurance helps companies identify and mitigate the risks faced by their employees. A group health insurance policy is a type of health insurance plan that covers for a group of people who work under the same organization. This is often offered as a valuable benefit for employees as the premium for the same is borne by the employer.
Group term life cover this type of policy offers a life cover to each member insured working in the group organisation the premium is collected from the group owner which can be deducted from the salary of the employees on a monthly basis. Once insurance companies launch this policy as a group cover organisations may soon be able to buy this cover for their employees. A group insurance scheme is essentially a health medical insurance plan that cover all the members of a particular group in this case employees of an organisation.
Through this an employee can avail various benefits which are otherwise non affordable in individual insurance policy. Group insurance has emerged as one of the most preferred benefit. Coronavirus health insurance plans.
This comes under a group health insurance policy and the premium is paid by the employer based on the group size and the benefits offered. Group insurance ensures better health benefits for employees and increased employee satisfaction. A group health insurance policy is by and large easily available to employees of a company.
A group health insurance plan is cheaper usually 30 than individual health plans.
