Group Health Insurance
Enhance your team's wellbeing by
ensuring comprehensive care
from routine visits to specialized treatments
Lives Insured
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What is Group Health Insurance?
A Group Health Insurance (GHI) plan provides health insurance to employees or members of a company. Most organizations/employers usually include it as part of their employee benefits package because they pay the premium for the policy.
Group Health Insurance plans are purchased by businesses and organizations to provide medical coverage to their employees or members. Individuals cannot enrol in group medical insurance plans; only groups can.
The main advantage of group medical insurance is that group plans typically have low premiums. The coverage benefits, also known as corporate health insurance or group mediclaim policy, can be extended to the employees' family members depending on the type of plan chosen.
Why Buy A Group Health Insurance Policy?
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Meet Your Employees' Expectations
Unlike any retail health insurance plan, group medical insurance is highly customizable to your specific needs. Also, this plan is financially suitable and appealing to employees because there is no waiting period, no pre-health checkups, and so on. Treatment for pre-existing diseases such as diabetes, high blood pressure, hypertension, and can be easily claimed under Group Health Insurance without a waiting period.
This way, you fulfil your employees' expectations. Group Health Insurance can lead to a more engaged and productive workforce. Offering a group health insurance policy with additional benefits can increase goodwill and attract talent. -
Give Your Employees Peace Of Mind
Group health insurance plans protect employees and their family members, including spouses and children. Group Health Insurance provides your employees with peace of mind. This also makes employees feel respected and valued at work, and there is an increase in human capital, which aids the company's growth.
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Good Employee Health Improves Productivity
You can improve employee retention by providing competitive healthcare benefits, such as a group health insurance policy with maximum benefits in addition to regular wages.
Employees feel more secure when they have financial security in times of need. Group Health Insurancealso enables them to receive the best possible medical treatment for a condition.
Why Buy A Group Health Insurance Policy?
More Value At Lower Premiums
Because Group Health Insurance plans are tailored to a large number of people, the risk is spread across a larger group of people. Group health insurance is typically much less expensive than individual plans. And the advantages covered are broader and additional, as you will find out below.
Get Tax Benefits Under Section 80-D
Because the employer pays the premium, group health insurance tax benefits do not apply to employees of any organization covered by any group health insurance plan.The deductions can be claimed by senior citizens themselves or by children who pay for their senior parents' medical expenses.
Pre-Existing Disease Covered From Day1
Group health insurance policies cover all pre-existing diseases if the insured selects this option when purchasing the policy. Pre-existing conditions are covered under the group health insurance policy from day one.
Covid-19 Coverage
Coronavirus medical insurance covers medical expenses for a variety of illnesses, including COVID-19. It is classified as a medical emergency.Group health insurance provides high-quality medical care coverage and covers infected patients' hospitalization costs. The Group Health Insurance reimburses you a certain amount in case of lockdowns and financial crises.
Maternity Benefits
Maternity benefits in group health insurance plans cover childbirth-related medical expenses. The expense coverage is usually valid for the next 90 days after the child is born.The group coverage assists in managing the costs of childbirth and related medical expenses. costs associated with a difficult pregnancy and childbirth
No Cost Benefit
There are no waiting periods considered. Because you'll have someone in-house to assist you, the claims process will be much simpler.
Cashless Process
The insured must seek treatment at one of the insurance company's network hospitals to use the cashless facility.Medical ID cards are classified as cashless services. They intend to provide the insured with a hassle-free and smooth experience of cashless services. In an emergency, a single medical identity card covers the insured and their family members.
Extra Benefits
The ultimate benefit of a group health insurance plan for you as an employee is that your healthcare benefits are covered in times of emergency.
Covers Family
Policyholders can add family members to their health insurance plans to receive financial assistance with medical expenses. Insurance dependents are family members who have been added to the insurance policy.
Insurance Companies Offering Group Health Insurance Policy
| Insurers | incurred Claim ratio | Network Hospitals |
|---|---|---|
| Aditya Birla Group Health Insurance | 65% | 11,000+ |
| Acko Group Health Insurance | 84% | 14,300+ |
| Care Group Health Insurance | 54% | 20,000+ |
| HDFC ERGO Group Health Insurance | 79% | 12,000 |
| SBI Group Health Insurance | 74% | 6000+ |
| Niva Bupa Group Health Insurance | 54% | 10,000+ |
| Magma HDI Group Health Insurance | 72% | 7000+ |
| Go Digit Group Health Insurance | 71% | 16400 |
| Star Group Health Insurance | 87% | 12,000+ |
| TATA AIG Group Health Insurance | 78% | 10,000+ |
| ICICI Lombard Group Health Insurance | 77% | 10,000+ |
Why To Buy From Wellconnect?
- Wellconnect Group Health Insurance Policies provide numerous advantages. Our Group Health Plan members pay lower premiums.
- Wellconnect provides administrative dashboards where you can view the most recent enrollment and claims data, CD Balance, and other information. Furthermore, employees can easily be added and removed from the policy.
- Wellconnect has a large network of network hospitals that can assist you in receiving the best treatment. In response to changing risks in the consumer's life, we offer a variety of personalized group insurance plans with adjustable insurance and risk management services.
- Wellconnect provides high-quality supplemental health plans with no waiting period that include maternity coverage, accident coverage, dental coverage, vision coverage, pharmacy coverage, vaccination camps, and a plethora of other benefits.
- Employees can use the Wellconnect Digital Health Card and Easy 24/7 Claim Support to initiate and receive support for claims directly from Wellconnect teams.
- In addition to high-engagement Wellness Activities, our Group Health Plans offer employees a variety of nutrition counsellors, unlimited telecommunication with doctors, and numerous Mental Wellness Programs.
- Disease Care Management is crucial at Wellconnect Health Plans. We provide long-term care and support from specialists to those recovering from long-term or more complex illnesses for as long as you require.
Documents Required for Group Health Insurance Policy
You must have the following documents at hand whenever you need your Group Health Insurance policy filed or renewed:
For Fresh Policy
- Name of the Employee and Employee ID
- Proof of Personal Details like Name, Age, Gender
- Proof of Address
- Proof of Marital Status
For Renewals
- List of Dependents
- Details of the Add-Ons and Sum Insured
- Active Data Proof of Name, Age, Gender
- Claim Analysis Report
- Policy Copy