How to qualify for group health insurance?

How to qualify for group health insurance

In this blog, we are going to talk about how to qualify for group health insurance? If you are a business owner it is very important to get group health insurance for your business and its employees. It is better to have health insurance rather than paying huge amounts of money from your savings.

We will give you the answers to all of your questions and other questions as well regarding group health insurance.

How to qualify for group health insurance?

What is considered group health insurance?

A group health insurance policy is insurance that covers a group of people, usually, it is an organisation or a group of employees and their dependent family members and the premium is paid by the authority.

Banks, small companies, organizations, clubs also offer group health insurance policies.

The main reason that a company choose group health insurance rather than individual health insurance is that the premium paid for individual health insurance will be way more expensive than the premium of group health insurance.

Who is eligible for group health insurance?

According to the Insurance Regulatory and Development Authority of India, any business with at least 20 employees is eligible to qualify for group health insurance but if you are an individual then you can apply for individual health insurance.

If you don’t have 20 members in your business then you can add your family members and the family members of your employees to get eligible for group health insurance.

What are group health insurance benefits?

The employer gets tax benefits because he or she provided a group health insurance policy to its employees.

The employees will also get motivated because in this era where medical costs are shattering the roof employees are getting health insurance plans.

Group health insurance is indeed a far better choice for an employer than individual health insurance because the price of premium of group health insurance is very low.

There is no waiting period for pre-existing diseases in group health insurance, pre-existing disease is covered from day 1.

You or your employee are not required to get a pre-medical screening before purchasing a group health insurance.

There is a very easy claim policy in group health insurance the claim is done in a very easy manner with no problems and it is quite fast also.

What are the major types of group insurance schemes?

There are four major types of group insurance schemes:

1) Group life insurance
2) Group health insurance
3) Group personal accident insurance
4) Group travel insurance

This list is taken from

What is included in group health insurance?

A group health insurance covers medical expenses of illnesses, accidents, diseases, and covid-19. It also covers expenses of pre-existing diseases from day 1.

An individual health insurance policy has a waiting period for pre-existing disease and in some plans, it doesn’t cover pre-existing diseases.

What are the disadvantages of group health insurance?

The premiums of group health insurance can increase in future because of claims and this will create a problem among your employees or members.

In the long term, higher claims can make the group health insurance, not in use.

If there are a higher number of claims then there will be higher renewal.

How do group health insurance policies work?

A group health insurance is usually taken by the administrator or the owner of the company or organization and it covers every employee or member that is under the insurance plan.

The employee can claim the insurance by calling the insurer directly if he faces any incident that is covered under the group health insurance. The employee or member will enjoy the group health insurance as long as they are a part of the group.

If they leave the group or company they will be not eligible to claim the insurance.

What is group term life insurance plan?

Group term life insurance plan is the same as the individual term life insurance plan the main difference is it covers a whole group. If any employee is dead its nominee can claim the insurance and he will get an amount of money.


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Our goal is to keep this information timely and accurate. If errors are brought to our attention, we will try to correct them.

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