Group Health Insurance Policy India

Post covid 19 outbreak the irdai has also launched two coronavirus specific health insurance plans i e.

Group health insurance policy india - Coronavirus health insurance plans. Group health insurance helps companies identify and mitigate the risks faced by their employees. Also you will not be asked to submit any documents.

Members to be insured will pool into the policy and can claim the coverage as and when required. Under your group health insurance policy you will be covered for pre existing conditions. Buy group health insurance policy at policybazaar.

Tax benefits according to the income tax department of india companies offering their employees with a corporate health insurance can benefit from some tax savings. 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. 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.

Does group health insurance policy come with a waiting period. A group health insurance policy is by and large easily available to employees of a company. Since a group health insurance policy is spread over a group of people the premium for the same is a lot cheaper than other health policies.

Premiums in the former are lower in relation to the sum assured compared to individual health insurance policies. A group health insurance plan is cheaper usually 30 than individual health plans.