Which group health insurance is the best in India?
You need to consider various parameters before buying a group health coverage. Consider the insurer's claim settlement ratio, customisation options, sum insured offered, etc., before buying a plan.
Our workplace has only 10 to 15 members. can I still buy a group health insurance policy for them?
Yes, you can still buy group health coverage for them. That said, it’s essential to check with your insurer once, as eligibility could depend on the minimum number of employees you should have.
Who all can be covered in a group health insurance policy?
Group health insurance is categorised in 2 categories:
- Employer-employee - Employees along with their spouse, children and parents are covered
- Non-employer-employee – The enrolled are covered
How to get group health insurance for my small business?
Group Health Insurance can be bought through ICICI Lombard's Group health Insurance policy where we cover up to 500 lives. Premium is decided subject to coverage, demography and claim experience.
Can I have corporate health insurance and an individual health insurance policy both at same time?
Yes, you can you have corporate health insurance and individual health insurance at the same time.
What are the limitations of a group health insurance?
Group Health Insurance policy is customised and tailor made and the policies are designed as per the client’s requirements. Therefore, there are no limitations.
How is a group health insurance different from an individual health insurance?
Group Health Insurance is a collective insurance an organization buys for the benefit of its employees and employee’s dependents. The organization may tailor a plan or select a pre-planned insurance policy from an insurance company.
Individual health insurance is one that an individual purchase for himself or their dependents.
What employers should look for when buying a group health insurance policy in india?
While buying the Group Health Insurance, the employer should take in consideration the coverage provided by the insurance company, the services offered and the company's claims process, this will make insurance policy buying more feasible and convenient.
Why should you take group health insurance for your employees?
While buying Group Health Insurance, employers should see the coverage provided by the insurance company, services offered and the company's claims process, this will make insurance policy buying more feasible and convenient.
Will I have to pay a penalty if I don’t provide health insurance to my employees?
There is no penalty.
Can the policy be transferred from one insurance provider to another provider without losing the benefits?
Yes, at the time of renewal of the policy for next tenure.