Group Health Insurance

Several group health insurance plans do not include any medical screenings for new customers, thereby making it faster and simpler to get the plan on board.

Unlike most individual health plans that offer limited coverage for pre-existing diseases, some group health insurance plans cover them immediately from day one.

Employees can get the benefit of cashless treatment in hospitals by undergoing treatment at covered institutions, where claims are settled instantly by the insurance company.

The insurance plan includes pre-hospitalisation expenses, such as medication and post-hospitalisation medical expenses, and also follow-up consultations.

Group medical insurance provides several day care provisions which need no 24-hour stay in a hospital because of developments in the field of medicine.

Most medical insurance policies enable their policyholders to cover their spouses, kids, and dependent parents within a single plan.

The employer's premium will be treated as a cost for the company. Thus, the premiums paid will contribute towards reducing the tax liability of the business, as it can claim a deduction for corporate income tax.

Health insurance shows that an organisation cares about the health of its employees and also contributes to increasing the employees’ satisfaction levels, and reduces turnover costs. This increases job satisfaction and also reduces employee turnover and the associated costs.

Having group health insurance is important as it helps the organisation attract competent candidates. It improves the employer’s image, reinforces the value proposition for employees, and makes it easier to attract individuals.

Group health insurance works by spreading risk over a wide pool of employees. Moreover, comprehensive health insurance becomes affordable for both parties without compromising on benefit packages.

Accessing healthcare services easily makes an employee stay healthy and heal faster when the employee falls ill. Improved health status can minimise absenteeism, create more employee involvement in the job, and lead to improved efficiency and performance.

The implementation of the health insurance program is a way of showing that the company is concerned about its employees’ welfare and is socially responsible. This promotes trust, enhances the brand’s reputation and projects a positive image among its stakeholders.

It is common for many companies to offer health insurance that covers not only the employees but also their spouses, children, and parents. It indeed makes life much easier and gives a true sense of security.

In most cases, medical examinations for individual employees are not required before joining the corporate health insurance group schemes. Furthermore, there is no need for medical screenings, and employees can easily enrol in such an insurance scheme.

A complete health benefit is one of the factors that help attract competent staff members. Companies that offer good health care packages and comprehensive wellness programs will easily recruit skilled employees who are looking for job stability.

Start by looking at the nature of your employees – their age groups, their families, the demographics, and any other relevant information.

Set budgets in line with your expectations and the level of coverage that will also give your organisation the greatest protection.

Look for packages based on benefits such as hospitalisation, pre and post-hospitalisation costs, daycare, maternity benefits, among others and choose accordingly.

Ensure to see the list of cashless hospitals, within which employees will be treated with ease in case of an emergency.

Our insurance company is renowned for offering effective claims support and claim process. The right insurer can make employees' lives easier.

Choose an insurance plan that allows extension to cover your employees' spouses, children, and dependent parents. Such benefits boost employee happiness.

Opt for a flexible insurance plan that can be customised in terms of rider attachment, higher coverage levels, and benefit adjustments.

Analyse the waiting periods and policy exclusions to ensure you do not fall into any trap when selecting your insurance package.

Choose an insurance company that is reputable and offers excellent customer service, online solutions, and experience, such as Bajaj General Insurance.