/content/nivabupa/in/en/bank,/content/nivabupa/en/in/digital/home/app-form2,/content/nivabupa/en/in/digital/home/thank-you1,partner.nivabupa.com
/content/nivabupa/in/en/agent

Secure your health with comprehensive insurance plans from Nivabupa

Tell us a bit about you

Whom are you buying for ?
Myself Icon Individual
Wife Icon Husband & Wife
Family Icon Family
Enter valid name
Enter Valid DOB
OTP sent Resend OTP
otp icon
OTP Expires in
I authorize Niva Bupa to call me. This will override your existing registry in DNCR. I want to get my quote and policy details on WhatsApp.
FIND MY PLAN

Group Employee Insurance: A Comprehensive Solution for Employee Benefits

Posted On : 29 September 2023, 6 Months Ago. Health-Insurance
Group Employee Insurance

Also known as employee health insurance, group health insurance is an insurance plan offered to a group of employees working for a small to large-scale organisation. Employees can achieve financial security during medical emergencies with this medical insurance coverage. It can also provide coverage for an employee's family members, i.e. parents, spouse, and children. The best part of group medical insurance is that it offers benefits to employers as well as employees.

 

Things Covered by Group Medical Insurance Policy

A group health insurance plan offers the following healthcare facilities:

 

  • Hospitalisation
  • Emergency Services
  • Prescription Drugs
  • In-patient Department Expenses
  • Baby Day One
  • Lab Services
  • Mental Health
  • Pediatric Services
  • Rehabilitative Services
  • Preventive Care

 

Benefits of Group Insurance For Employers

Below are a few benefits of group healthcare insurance your organisation can experience:

 

Makes Employees Healthier and Happier

Group medical insurance helps to make employees happier, contributing to a peaceful workplace and ultimately leading to better productivity and the organisation's success.

 

Improves Employee Retention

Offering group insurance for your employees provides them with financial security during health issues. Employees feel secure working for your organisation. This reduces the turnover rates.

 

Tax Savings

Employers offering group medical insurance can receive tax benefits. Organisations can save big on tax returns with this type of medical insurance.

 

Enhances Goodwill

In today's age, it is crucial for any company to maintain a good reputation. Group health plan benefits ensure that the overall goodwill of the organisation boosts in the market.

 

Value for Money

As group health plans are customised, the premium amount is shared amongst the employees. This makes it cheaper compared to other medical insurance policies.

 

Benefits of Group Medical Insurance For Employees

Here is the list of benefits offered by group medical insurance to employees:

 

Support for Mental Well-Being

Medical emergencies can strike any employee at any point in his life. The resultant financial burden and medical problems can negatively affect their mental health. Group medical insurance helps employees manage their stress levels.

 

Protection from Severe Medical Problems

A group employee health plan offers features such as fitness tracking. This insurance coverage allows employees to consult with nutritionists to maintain a healthy lifestyle by avoiding severe medical issues.

 

Coverage for Family Members

With group employee insurance, financial assistance is also provided to families of employees during medical emergencies.

 

Smooth Claim Process

One of the great benefits of an employee group insurance scheme is the easy claim process. Individual health policyholders need to follow a time-consuming process of producing documents, cash transactions, etc. But with group medical insurance, they just need to submit their medical bills to the employer for reimbursement.

 

Coverage for Pre-Existing Health Issues

With an individual health plan, you must wait for some time before filing a claim if you have pre-existing health problems. However, a group employee insurance plan allows you to file a claim for any pre-existing medical issues without a waiting period from the first day of coverage.

 

No Need for Medical Check-ups

Individual health insurance requires all people over 50 years of age to go for a medical check-up before experiencing the benefits of a health plan. There is no such compulsion under a group health insurance plan.

 

Hassle-Free Payment Option

The premium of the group insurance policy is directly deducted from the employee's bank account. This makes the process of premium payment hassle-free.

 

A group employee insurance plan is one of the most cost-effective types of insurance policies available. This insurance is an attractive benefit for employees who cannot afford individual medical insurance.

 

Secure your health with comprehensive insurance plans from Nivabupa

Tell us a bit about you

Whom are you buying for ?
Myself Icon Individual
Wife Icon Husband & Wife
Family Icon Family
Enter valid name
Enter Valid DOB
OTP sent Resend OTP
otp icon
OTP Expires in
I authorize Niva Bupa to call me. This will override your existing registry in DNCR. I want to get my quote and policy details on WhatsApp.
FIND MY PLAN