Good health cover is one of the most valued benefits a company can offer. It helps employees feel secure. It also helps employers attract and keep good staff. Employee group health insurance is built for this exact purpose.
Our IRDAI licensed advisors at Excel India IMF have over three decades of corporate advisory experience. We help HR teams and business owners set up group health insurance and corporate health insurance plans that work for their team and their budget.
Compare customized corporate health policies tailored to your team size
Group health insurance is a single health policy that covers many employees under one plan. The employer usually buys the policy and pays some or all of the premium. It is different from an individual health insurance policy an individual buys on their own. Minimum employee count and terms vary by insurer, so it is worth checking these details early.
Policy Note: Minimum employee count and terms vary by insurer. Consult with an advisor to evaluate eligibility across leading corporate underwriters.
Group health insurance helps a company in several ways. It supports employee wellbeing, which can reduce sick days over time. It helps attract new talent, since health cover is a benefit many job seekers look for. It can also support compliance, since some sectors expect employers to offer basic health cover. Finally, group premiums are often more cost effective per person than individual plans, especially for larger teams.
For employees, group health insurance offers real peace of mind. Most group plans start cover from day one. There is usually no waiting period, even for pre-existing conditions, subject to the specific policy terms. This is a major difference from an employee health plan bought individually. Employees also often get the option to add family members to the same plan.
A comprehensive group mediclaim policy covers extensive medical treatments, hospitalisation, and corporate wellness add-ons.
A typical group health plan covers hospital stays, including room rent, ICU expenses, nursing charges, and doctor consultation fees.
Often includes cover for diagnostic tests just before admission and follow-up consultations and medicines after hospitalisation.
Many plans also include day care procedures, which do not need a full overnight stay due to advanced medical technology.
Some plans can be extended with add ons, such as maternity cover or higher room rent limits. Exact coverage depends on the specific plan chosen by the employer. To protect staff against accidental disability, pair this policy with Group Personal Accident Insurance or provide financial safety nets via Group Term Life Insurance.
The biggest difference between group and individual health insurance is the waiting period. Group plans often waive this, giving day one cover. Individual plans usually have a waiting period, especially for pre-existing conditions. Here is a simple comparison.
Most insurers set a minimum number of employees to qualify for a group health policy India plan. This number varies by insurer. Some insurers accept smaller teams, while others need a larger group. An advisor can help you find an insurer that fits your team size.
Premiums paid by a company for employee group health insurance are often treated as a business expense. This can help reduce the company's taxable income, subject to the provisions of the Income Tax Act. It is best to confirm exact tax treatment with your company's tax advisor.
Specialized corporate advisory for Indian enterprises
Excel India IMF brings over three decades of corporate advisory experience. Our IRDAI licensed advisors understand what HR teams care about, such as cost per employee, claim ratio impact, and compliance. We help you set up a plan that fits your team and your budget. We also help you structure broader employee welfare covers like Corporate Insurance and statutory liability policies.
Answers regarding group coverage, employee counts, pre-existing diseases, family add-ons, and tax treatment
Get a group health insurance quote for your team. Free consultation. Call 90 90 92 15 15 to speak with an advisor.
Minimum employee count and terms vary by insurer.