RAJYA SARKAR NA KARMCHARIO MATE JUTHVIMA YOJNA -1981 ANVYE DATE 1-4-2020 TO 30-6-2020 NA SAMAY GALA MATE NA BACHAT FALA NI CHUKAVNI BABAT PARIPATRA

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We believe every company should at least provide its employees with a basic group health insurance policy. If your organization strength at least includes 10 team members, then you should think about getting a group health insurance to protect them all.  We believe every company should at least provide its employees with a basic group health insurance policy. If your organization strength at least includes 10 team members, then you should think about getting a group health insurance to protect them all. 

Employer-sponsored group health insurance plans first emerged in the 1940s as a way for employers to attract employees when wartime legislation mandated flattened wages. This was a popular tax-free benefit which employers continued to offer after the war’s end, but it failed to address the needs of retirees and other non-working adults. Federal efforts to provide coverage to those groups led to the Social Security Amendments of 1965, which laid the foundation for Medicare and Medicaid.

Ans: Group Health Insurance generally does not cover self-inflicted, or fertility related treatment. Similarly, voluntary abortion is not covered under Group Health Insurance by most Insurance companies. However, emergency abortion, i.e. for the life-saving purpose is covered by most insurance companies. It is important to note that each company has its own view on this, so important to get it clarified through your insurance broker.

Once the organization chooses a plan, group members are given the option to accept or decline coverage. In certain areas, plans may come in tiers, where insured parties have the option of taking basic coverage or advanced insurance with add-ons. The premiums are split between the organization and its members based on the plan. Health insurance coverage may also be extended to the immediate family and/or other dependents of group members for an extra cost.

How can I get in touch with ICICI Prudential Life Insurance for further details? We offer you several options to contact us as per your convenience. You can reach us by choosing one of the following: Click here to arrange a meeting with our group sales representative E-mail your group insurance requirement at grouplife@iciciprulife.com   *Tax benefits are as per Income Tax Act, 1961 and Income Tax Rules, 1962. Please consult your Legal/ Tax expert for details. ICICI Prudential Life Insurance Company Limited shall not be held responsible in any manner in case you do not get the above stated tax benefits. Please note that the prevailing and applicable tax laws shall be final, conclusive and binding on both the parties.

Typically, any organization with 10 or more members should protect their employees with a health insurance. If you aren’t sure about the same, we break it down for you.

Typically, there are two types of group health insurance plans. The most common one is wherein your employer pays for the premium, providing the plan as a free healthcare benefit to their employees.

Default Healthcare Benefit – Most companies that offer group health insurance plans include the same as part of their employee’s annual benefits; i.e whether you opt for it or not, if your company has a group health insurance plan – you will be covered within it, without having to pay for the premium yourself. No Pre-Medical Tests Required – Generally, when you want to take up an individual health insurance, your insurer will most likely take up pre-medical tests before issuing and confirming your health insurance policy. However, in the case of a group health insurance plan, the same is not required. Your policy is valid without the need to have to take any medical tests. No Premium – As mentioned above, your employer will typically include your health insurance plan in your annual benefits offered by the company. This means, you don’t have to pay for the premium of the same, and your company pays out the same for you. Simpler Claim Process – Since your employer is the one who has opted for the respective group health insurance plan, they would be the ones mainly maintaining all communication with the third-party administrator or insurer. Therefore, this reduces your efforts in having to communicate back and forth and instead, the claim process usually becomes a lot simpler for you. Default Healthcare Benefit – Most companies that offer group health insurance plans include the same as part of their employee’s annual benefits; i.e whether you opt for it or not, if your company has a group health insurance plan – you will be covered within it, without having to pay for the premium yourself. No Pre-Medical Tests Required – Generally, when you want to take up an individual health insurance, your insurer will most likely take up pre-medical tests before issuing and confirming your health insurance policy. However, in the case of a group health insurance plan, the same is not required. Your policy is valid without the need to have to take any medical tests. No Premium – As mentioned above, your employer will typically include your health insurance plan in your annual benefits offered by the company. This means, you don’t have to pay for the premium of the same, and your company pays out the same for you. Simpler Claim Process – Since your employer is the one who has opted for the respective group health insurance plan, they would be the ones mainly maintaining all communication with the third-party administrator or insurer. Therefore, this reduces your efforts in having to communicate back and forth and instead, the claim process usually becomes a lot simpler for you.