What are the two types of group health insurance?

The two types of group health insurance plans are contributory and non-contributory health insurance plans.

Can I extend my group health insurance plan to my family?

Yes, you can extend your group health insurance plan to your family including spouse, children, and parents.

What are the two types of claims that I can raise with my group health insurance plan?

You can either raise a cashless or reimbursement claim with your group health insurance plan.

Will my group health insurance plan cease once I exit from the ogranisation?

Yes, your group health insurance plan will cease once you exit from the organisation.

Is a medical test required for group health insurance plan?

No, medical tests are not required for group health insurance plan.

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Group Medical Insurance

Group Health Insurance or what is also known as Corporate Health Insurance Policy is a type of health insurance policy that caters to the health insurance needs of employees of an organisation. Whether it is a small business or MNCs, an insurance plan like Group Health Insurance is important to promote employee retention and serve a lot of other benefits.

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What is Group Medical Insurance?

Group Health Insurance as the name suggests is a type of insurance plan that provides health insurance coverage to employees of an organisation. It provides the relevant health insurance coverage under one single plan and is thus a cost-effective option for employers. It is important to note that Group Health Insurance is different from individual health insurance plans as it covers the entire group under one plan only. A group health insurance plan is beneficial for both employers and employees. Scroll through the section below to find out more about its benefits.

Benefits of Group Medical Insurance

Some of the benefits of Group Health Insurance are as follows:

A Group Health Insurance plan is one of the most affordable ways in which you can provide health insurance benefits to all employees. As the group health insurance plan provides coverage for all employees under one plan, it reduces the effort to buy a health insurance plan for each employee.
A health emergency may often come uninvited and put a deep hole in your pocket. But, when you have a Group Health Insurance plan, you will get the relevant financial coverage if there is any kind of health emergency.
This type of health insurance plan is also helpful in reducing attrition rates. By offering group health insurance plan to employees, employers are able to show that they care for their employees. This in turn helps in making the employee feels motivated and more productive.
With the Group Health Insurance plan, employers are also eligible for getting tax deductions. This means that they can reduce their tax liability with the Group Health Insurance plan.
Another benefit of group health insurance plans is that help in appreciating the brand overall.
Group health insurance is beneficial for employees as there is no pre-medical test required for getting enrolled in such health insurance plans.

Frequently Asked Question

1
What are the two types of group health insurance?
The two types of group health insurance plans are contributory and non-contributory health insurance plans.
2
Can I extend my group health insurance plan to my family?
Yes, you can extend your group health insurance plan to your family including spouse, children, and parents.
3
What are the two types of claims that I can raise with my group health insurance plan?
You can either raise a cashless or reimbursement claim with your group health insurance plan.
4
Will my group health insurance plan cease once I exit from the ogranisation?
Yes, your group health insurance plan will cease once you exit from the organisation.
5
Is a medical test required for group health insurance plan?
No, medical tests are not required for group health insurance plan.