Group Health Insurance
Group Health Insurance is a comprehensive plan designed to protect both employees and employers from the financial burden of illness, injury, or loss of life. It not only ensures that employees and their families have access to quality healthcare but also helps employers build a healthier, more loyal, and more productive workforce. With the flexibility to add dependents-such as spouses, children, or parents-group health coverage becomes a valuable benefit for employees, while delivering cost savings and efficiency for employers.
Benefits for Employees
-
1. Affordable group health plans with lower premiums.
-
2. Wide coverage including hospitalization, maternity, dental & wellness.
-
3. Immediate protection with minimal waiting periods.
-
4. Family coverage for spouse, children, and parents.
-
5. Financial security by covering major medical costs.
-
6. Cashless care through a large hospital network.
-
7. Better job satisfaction with reduced stress.
Benefits for Employers
-
1. Stronger talent attraction & retention.
-
2. Higher employee morale and productivity.
-
3. Economical coverage through risk pooling.
-
4. Tax-deductible premiums for employers.
-
5. Reduced attrition and hiring costs.
-
6. Wellness initiatives for healthier workforce.
-
7. Easy administration with a single group policy.
Group Personal Accident Insurance
Group Personal Accident Insurance (GPA Insurance) is a policy that provides financial protection to employees and members of organizations in the event of accidental death, disability, or injury. It ensures 24/7 worldwide coverage at affordable premiums, offering peace of mind to employees while reinforcing the employer’s commitment to workforce well-being.
Key Features
-
Coverage for Accidents
-
Group Coverage
-
24/7 Worldwide Protection
-
Flexible Sum Insured
-
Affordable Premiums
- Accidental Death Benefit : 100% sum insured paid to nominee.
- Permanent Total Disability : Up to 100% of the sum insured.
- Permanent Partial Disability : Compensation based on severity (e.g., loss of limb, vision).
- Temporary Total Disability : Weekly income replacement during recovery.
- Medical Expenses (Optional) : Reimbursement for accident-related treatments.
- Funeral Expenses (Optional) : Lump sum support for final rites.
- Children’s Education Benefit (Optional) : Financial assistance for dependent children in case of death or permanent disability.
- Strengthens employee welfare and boosts loyalty.
- Provides financial support for workplace or commuting accidents.
- Enhances employer brand with a comprehensive benefits package.
- More cost-effective compared to individual accident insurance.
- Simplifies administration through a single policy for the entire workforce.
- Corporates & SMEs : To safeguard employees and build robust benefits packages.
- NGOs & Educational Institutions : To protect staff, volunteers, and members.
- Government & Semi-Government Bodies : To cover employees in high-risk or field-based roles.
Compensates for accidental death, permanent or partial disability, and temporary total disability.
A single policy covers all employees, reducing costs and simplifying administration.
Employees are protected anytime, anywhere-on or off duty.
Coverage can be structured by employee grade, salary, or a uniform sum insured across all employees.
Due to group pricing, GPA comes at a lower cost compared to individual accident policies.
Typical Benefits
Benefits for Employers
Who Should Buy?
Group Term Insurance
Group Term Insurance (GTI) is a life insurance policy that provides life cover to a group of people under a single master policy-most commonly offered by employers to secure the financial future of their employees’ families in the unfortunate event of untimely death. It is an affordable and effective way for organizations to extend meaningful protection while reinforcing their role as a responsible employer.
Key Features
-
Single Master Policy
-
Fixed Tenure
-
Life Coverage
-
Flexible Sum Insured
-
Affordable Premiums
-
No Medical Tests (Up to a Limit)
Covers all members of the group under one policy, simplifying administration and reducing costs.
Generally valid for one year, with easy options for annual renewal.
Ensures a lump sum pay-out to the nominee in case of the insured member’s death during the policy period.
Coverage can be uniform across all members or linked to factors such as salary, designation, or employment grade.
Premiums are lower compared to individual term insurance plans due to group risk pooling.
Medical examinations are generally waived for employees up to a specified coverage limit, ensuring quick and easy enrolment.
Core Benefits
-
Death Benefit
-
Employee Well-being
-
Voluntary Option
-
Portability Option
Provides a lump sum payout to the nominee in case of the insured member’s death during the policy term.
Strengthens the company’s image as a caring and responsible employer.
Employees may choose to enhance their coverage by paying additional premiums.
Some insurers allow conversion to an individual policy upon retirement or exit from the organization.
Optional Riders (Add-Ons)
- Accidental Death Benefit
- Critical Illness Cover
- Disability Benefit Rider
- Terminal Illness Benefit
Why Employers Should Offer Group Term Insurance
- Improves employee morale, loyalty, and retention.
- Helps fulfil statutory or contractual obligations, where applicable.
- Provides vital financial protection to employees’ families.
- Offers a cost-effective benefit with high perceived value.
Who Can Opt for It?
-
Corporates and SMEs
-
Government Departments
-
Banks and Financial Institutions
-
Associations and Cooperative Societies
To strengthen employee welfare, enhance retention, and remain competitive in the job market.
To provide social security to employees and meet statutory responsibilities.
To build employee trust in high-responsibility roles and ensure long-term workforce stability.
To offer members affordable financial protection and reinforce community well-being.
Group Travel Insurance
Group Travel Insurance is a single policy that provides coverage for a group of individuals (typically 5 or more) traveling together for a common purpose—whether it’s a corporate trip, school excursion, sports event, religious pilgrimage, or leisure tour. It safeguards travellers against unexpected risks and expenses, ensuring financial protection and peace of mind throughout the journey.
Key Features
-
Medical Cover
-
Trip Cancellation / Interruption
-
Baggage Loss / Delay
-
Passport Loss
-
Personal Liability
-
Accidental Death & Disability
-
24/7 Assistance
-
Customizable Plans
Covers emergency hospitalisation, accidental injuries, medical evacuation, and repatriation of remains.
Reimburses non-refundable expenses in case a trip is cancelled or cut short due to unforeseen emergencies.
Compensates for lost, delayed, or damaged baggage during the trip.
Covers expenses related to obtaining a replacement passport if lost during travel.
Provides protection against legal liability for third-party bodily injury or property damage.
Offers a lump sum benefit in case of accidental death or permanent disability during the trip.
Round-the-clock emergency assistance for medical support, travel coordination, and other needs.
Coverage can be tailored based on age, travel duration, region, and purpose of travel.
Coverage Zones
- Domestic Group Travel Insurance : Protection for groups travelling within India.
- International Group Travel Insurance Options include :
a. Asia-only coverage
b. Worldwide coverage (with or without USA & Canada)
Common Exclusions
- Pre-existing medical conditions (unless specifically included)
- Adventure or extreme sports (can be added as an optional rider)
- Loss or damage due to war, terrorism, or political unrest (requires special inclusion)
- Travel undertaken against medical advice
- Illegal or reckless activities (e.g., driving under the influence)