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Where Can I Get The Best Group Health Insurance In India?

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Introduction

Investing in your health has become a topmost priority all over the world. People understand how important it is to eat healthier, exercise, and make healthy lifestyle choices. Organisations also realise that employees’ health contributes substantially to their success. Thus, group insurance policies have grown in popularity during the last couple of years.

A group health insurance policy offers many advantages, including loyalty, increased productivity, higher revenue for the organisation, etc. Moreover, they’re one of the primary benefits an employee looks for while reviewing an organisation before accepting a job offer. Thus, the main question that arises is which is the best group policy for you? First, let’s take you through different features that are a must in a group insurance policy.

Features Of Best Group Health Insurance Policy

To help you understand this better, we will take you through some features and the benefits of our preferred group healthcare coverage provider-Plum Insurance.

All about Plum Group Health Insurance

Plum Insurance is partnering with employers to make health benefits accessible so that wellness is always a priority at every workplace. Offering health plans for teams of even up to two members aims to transform employee health plans. The company has insured over 100,000 members, served over 1000 organisations, and grown over 800% in the last year.

Features Of The Company’s Group Medical Insurance Policy

This is one of the primary benefits of choosing a health insurance policy. The Plum Insurance group medical policy covers accidental death, permanent total disability, permanent partial disability, funeral expenses, medical expenses, etc.

In case something unfortunate happens to the insured, the family receives 100% of the pre-decided sum assured. Thus, you can be at peace of mind.

What may work for one organisation may not work for another. Every organisation’s requirement is different. At Plum, they offer the option to customise your insurance policy as per your requirement. Thus, you choose what to include and exclude. Furthermore, if you are not satisfied with the same, the experts can always help you modify it.

The primary benefit of a group policy is that it covers all existing diseases, and employees don’t have to go for any pre-medical checkups. The Plum group medical policy also offers that. In addition, they even offer a cover for Rs. 75 lakhs without any medical checkups.

Unlike retail insurance policies, where you need to wait for a period before you can avail of the insurance benefits, there is no such waiting period here. The policy benefits are available from Day 1 the group insurance policy is activated.

Other Features That Make It The Best Group Health Insurance Policy

Plum recently introduced Plum Lite, an affordable subscription model. This has been introduced for startups that are still in the early stages of development and cannot afford health coverage. Companies can take advantage of benefits such as cashless claims, hospitalisation expenses, critical illnesses, Covid-19 treatments, and more in just five minutes.

Since the company takes the policy, most employees are unaware of the coverage and how to utilise the benefits. The company introduced a WhatsApp feature to make it convenient for employees. The WhatsApp chatbot can assist employees in claims and other services as well.

In addition to the high cover mentioned above, Plum group policy also includes mental illness, daycare, ayurvedic treatments, air ambulance costs, terrorism incidents, newborn cover, and more.

The group medical policy offers lots of advantages, but organisations need to consider their financial budget as well. The Plum Insurance policy is approximately 70% cheaper compared to other prices.

If your employee leaves in the middle of the year, what happens to his or her insurance policy? In retail policies, the policy goes to waste, and there is no refund. However, with Plum medical policy, even if your employee leaves, you can avail a pro-rata refund on the policy.

In addition to Plum Lite, the company has also launched other platforms. Plum Telehealth offers access to consultation with highly qualified doctors at no cost. On the other hand, with Plum Wellness, you get access to wellness sessions with industry experts.

Final Thoughts

After reading the article above, you must have understood why Plum Insurance is the preferred choice of Employer – Employee Insurance policy. Founded in 2019, their goal is to insure 10 million people by 2024. In addition, they want an insurance policy that’s affordable, transparent, and simple. In short, it is accessible to everyone. In addition, with medical coverage for LGBTQ+, mental wellness, and more on offer-it’s not hard to see how this company is transforming this industry.

Being well-informed about what type of coverage will best suit you can be pretty complicated at times!

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