🏢 What Are Group Insurance Plans?
Group Insurance Plans provide health coverage for employees under a single master policy, offering significant cost savings and streamlined administration for businesses of all sizes.
✅ Key Advantages for Employers & Employees
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Lower Premiums (30-50% cheaper than individual plans)
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No Medical Tests for employee enrollment
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Coverage from Day 1 (Minimal waiting periods)
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Customizable Benefits (Add-ons like maternity, dental)
📊 Group Plan Options Comparison
| Plan Type | Best For | Sum Insured Range | Special Features |
|---|---|---|---|
| Startup Shield | <50 employees | ₹3-5L | Free telemedicine |
| Corporate Plus | 50-500 employees | ₹5-10L | Wellness programs |
| Enterprise Elite | 500+ employees | ₹10-25L | Global coverage |
| SME Health Pack | Family businesses | ₹3-7L | Spouse/kids included |
💡 5 Reasons Companies Choose Group Insurance
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Attract & Retain Talent
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78% employees value health benefits over salary hikes
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Tax Savings
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Premiums deductible as business expense (Section 37)
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Improved Productivity
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62% reduction in sick leaves
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Administrative Ease
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Single policy management
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Employee Loyalty
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3X higher retention rates
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📌 Customizable Coverage Options
🔹 Core Coverages
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Hospitalization (Room rent, ICU, surgery)
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Daycare procedures
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Pre/post hospitalization
🔹 Optional Add-Ons
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Maternity cover
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Mental health counseling
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Dental/vision care
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Health check-ups
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Covid-19 coverage
💰 Premium Calculation Factors
| Factor | Impact on Premium |
|---|---|
| Employee Age Mix | Higher = +15-25% |
| Coverage Amount | ₹5L vs ₹10L = +40% |
| Industry Risk | Construction > IT |
| Location | Metro = +20% |
| Claims History | High claims = +30% |
*(Sample Quote: ₹18,000/employee/year for ₹5L cover)*
🔄 Enrollment & Administration Made Simple
1️⃣ Employee Onboarding
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Bulk upload via Excel
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No medical checks
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Instant policy numbers
2️⃣ Claims Management
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Dedicated corporate helpline
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Online tracking dashboard
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Monthly MIS reports
3️⃣ Renewal Process
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Automatic member updates
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Portability options
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Flexible upgrade/downgrade
❓ Group Insurance FAQs
Q: Can employees continue coverage after leaving?
✅ Yes – Conversion to individual policy option
Q: Are pre-existing conditions covered?
✔ Yes – Usually from Day 1 (unlike retail policies)
Q: What’s the minimum group size?
🔄 As low as 5 employees for some insurers
📢 Featured Group Insurance Partners
| Insurer | Specialization | Unique Benefit |
|---|---|---|
| DeepSeek Corporate | Startups/SMEs | Free health risk assessment |
| ICICI Group Shield | Large corporates | Worldwide emergency coverage |
| Star Health Group | Manufacturing | PPE equipment coverage |