A Group mediclaim insurance policy is provided to people who belong to a specific group/company. Group mediclaim insurance comes in different variations. In Group mediclaim insurance, the insured can add families also. But it depends upon the organization, what plan they select. An interruption in work can occur due to a variety of reasons. Many times the organization itself comes forward to provide financial assistance from its own resources to help the employees affected by such unfortunate circumstances. Group mediclaim insurance is designed to keep the above in mind.
Benefits of Group mediclaim insurance
- Pre-Existing Disease is covered from Day 1
- Pre & Post Hospitalization
- Domestic Road Ambulance
- Maternity
- Donor Expense
- OPD & Dental care
- Domiciliary Treatment
- Alternate Methods of treatment
- Corporate Floater
- Floater and sub floater
- Waiting period exception
- Co-payment and deductible
- HIV Cover
- Cover Extension outside India
- In-patient cover
- Daycare surgeries
Group medical insurance is also said as Tailor-made insurance. Organizations can customize the plan according to their requirement. Moreover, by getting Group mediclaim policy for their employees, organizations become eligible to get tax deduction under the income tax act.
