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GHI for Oil and Gas

  • Group health insurance Exclusively crafted health plans for your employees
  • Group health insurance Simple, affordable, and customized insurance
  • 40,000 +

    Policies issued

  • 1.8 Cr +

    Lives insured

  • 99.49%

    Claims settled

As on December 31, 2023

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Group health insurance
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What is group health insurance for oil & gas industry?

Group health insurance for oil and gas industry covers a group of employees under a single policy. Since the workers in this industry are exposed to hazardous conditions, this insurance ensures they are covered for medical emergencies, accidents and long-term health needs.

A group health insurance policy offers employees peace of mind as they know they have a financial backup in the event of a medical contingency.

Read more

Features of Group Health Insurance for Oil & Gas Industry

Group health insurance for oil and gas industry has the following features:

  • 1

    Extensive coverage

    Group health insurance for oil and gas industry provides extensive medical coverage to employees, ensuring their well-being in a high-risk work environment. This policy covers a wide range of medical expenses. These include hospitalisation costs, surgical procedures and daycare treatments required due to workplace accidents or sudden illnesses.

  • 2

    Cashless hospitalisation

    Our group health insurance for oil and gas industry provides employees with access to cashless hospitalisation at network hospitals. This means that in case of a medical emergency, employees can receive the necessary treatment without having to arrange for immediate out-of-pocket expenses. We will directly settle the medical bills with the hospital. This ensures a smooth and hassle-free experience.

Benefits of GHI for Oil Industry & Gas Industry Workers

1

Coverage for occupational hazards

Workers in the oil and gas sector face a high risk of burns, fractures and respiratory issues due to the nature of their jobs. In such cases, immediate medical attention is crucial to prevent complications and ensure a speedy recovery. Group health insurance for the oil and gas industry offers coverage for these occupational hazards.

2

Access to quality healthcare

Group health insurance for gas industry provides access to an extensive network of top-tier hospitals and highly qualified specialists. Whether a worker requires urgent medical attention for an emergency or routine check-up for ongoing health management, he/she can receive quality care.

3

Family coverage

Group health insurance for oil and gas industry often extends coverage to workers’ families. The coverage can extend to spouses, children, parents, and parents-in-law. Offering family coverage not only enhances employee satisfaction but also contributes to their overall well-being and stability.

Types of coverage in Group health insurance plans for oil and gas industry

GHI for oil industry and GHI for gas industry generally offers the following coverages:

Coverage Meaning
Coverage for Pre-Existing Diseases Covers medical expenses for health conditions that the employee had before getting insured.
Pre and Post-Hospitalisation Expenses Covers medical tests, medicines and follow-up treatments before and after hospitalisation, as per policy terms.
Ambulance Charges Reimburses or provides cashless coverage for ambulance transportation during emergencies according to policy terms.
Domiciliary and Daycare Charges Pays for medical treatment taken at home (domiciliary) or procedures that don’t require 24-hour hospitalisation.
Maternity Pays for maternity expenses include pre and postnatal care.

Go through the policy terms carefully to know the coverage on offer in detail.

How Does Marine Insurance Work?

What is not covered under Group health insurance for the oil and gas industry?

Oil and gas insurance offered in the form of group health insurance to workers operating in this sector doesn’t cover the following:

  • Self-inflicted injuries
  • Hazardous or adventure sports
  • Treatment for alcoholism, drug or substance abuse
  • Unproven treatments

Go through the policy’s terms and conditions to know the exclusions and avoid surprises later.

Documents required for Group medical cover for oil and gas industry

For offering group health insurance for oil & gas industry, employers generally need to provide these documents to the insurance company:

  • Address proof and identify proof, including Aadhaar, PAN or passport
  • Income proof, including ITR of your business
  • Proof of business registration
  • Recent photographs
  • Employee details

Insurers generally inform you of additional documents needed for policy purchase.

How to buy Group health insurance from ICICI Lombard?

Buying group health insurance from us is extremely simple:

  • Enter your company details, such as the name of your company, your mobile number, pin code and email IDhere
  • Click on 'Proceed To Buy'
  • Follow the instructions that appear to buy the policy
Buy marine transist insurance
Legal requirements for marine transit insurance

What’s the claim process for Group health insurance?

Here’s the step-by-step claim process for group health insurance for the oil and gas industry:

  • 1Step 1: Notify the insurance provider - Inform your employer or the insurance company as soon as hospitalisation or treatment is required.
  • 2Step 2: Fill and submit the claim form - Fill the claim form and submit it with necessary supporting documents
  • 3Step 3: Claim Settlement - The insurer will process the claim based on the details provided and policy’s terms and conditions.

Group health insurance for oil & gas blog articles

Read our exclusive list of articles on group health insurance for the oil and gas industry here.

  • The Role of Inland Marine Insurance in Protecting High-Value Equipment?

    The role of Inland marine insurance in protecting high-value equipment?

    Read more
  • How Does Hull Insurance Safeguard Ship Owners from Vessel Damage?

    How does hull insurance safeguard ship owners from vessel damage?

    Read more
  • Nature and Scope of Marine Insurance: A Comprehensive Guide

    Nature and scope of marine insurance: A comprehensive guide

    Read more
Read more

Frequently asked questions on group health insurance for oil & gas

1. Who is eligible for group health insurance in the oil & gas industry?

Employees working in the oil and gas industry, including full-time workers, contract staff and field operators, are typically eligible for group health insurance.

2. Does the policy cover offshore workers and remote site employees?

Yes, group health insurance for the oil and gas industry often covers offshore workers and remote site employees. These policies typically include medical expenses for injuries, illnesses and emergencies occurring at offshore rigs or remote locations. Coverage may also extend to evacuation, hospitalisation and specialised treatments.

3. Can employers customise group health insurance for the oil industry?

It depends on the plan offered by the insurer

4.How does group health insurance for the oil industry help in reducing employee medical expenses?

Group health insurance for oil industry helps reduce employee medical expenses by covering hospitalisation, treatment and emergency care costs. Preventive healthcare and wellness programmes can help reduce long-term medical costs.

5.How does group health insurance differ from individual plans?

Group health insurance covers a group of people under a single policy. Individual plans are purchased by a person for themselves. Group plans are generally more affordable as the cost is shared between the employer and employees, whereas individual plans have higher premiums since the policyholder bears the full cost.

Disclaimers:

Note: waiting period and pre-existing diseases shall be in exceptional cases as per the terms and conditioned mentioned in the policy wordings.

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