Employee Benefit Insurance
Employee Benefit Insurance That Works for You and Your Workforce
What is Employee Benefit Insurance?
Employee Benefit Insurance is a group of insurance plans offered by companies to take care of their employees’ health, wellbeing, and financial security. It’s a way for employers to show that they value their team — by protecting them against unexpected medical expenses, accidents, or life risks.
This coverage is usually provided as part of the employee’s overall compensation package and is a powerful tool to attract and retain great talent.
Type of Employee Benefits Insurance
Why is Employee Benefit Insurance Important?
Protects Employees and Their Families
Builds Employee Loyalty and Morale
Helps Attract Quality Talent
Key Features of Employee Benefit Insurance
Group Coverage
Covers all eligible employees under a single policy, making it simple and cost-effective for the company.
Customizable Plans
Tailor the insurance based on the size of your workforce, industry, and employee needs
Health Insurance for Employees & Dependents
Offers coverage for hospitalization, surgeries, and sometimes even maternity and day-care procedures.
Life & Accident Protection
Includes group term life and personal accident insurance to ensure financial support for employees.
Life & Accident Protection
Includes group term life and personal accident insurance to ensure financial support for employees.
Life & Accident Protection
Includes group term life and personal accident insurance to ensure financial support for employees.
Key Features of Employee Benefit Insurance
Group Coverage
Covers all eligible employees under a single policy, making it simple and cost-effective for the company.
Customizable Plans
Tailor the insurance based on the size of your workforce, industry, and employee needs
Health Insurance for Employees & Dependents
Offers coverage for hospitalization, surgeries, and sometimes even maternity and day-care procedures.
Life & Accident Protection
Includes group term life and personal accident insurance to ensure financial support for employees.
Life & Accident Protection
Includes group term life and personal accident insurance to ensure financial support for employees.
Life & Accident Protection
Includes group term life and personal accident insurance to ensure financial support for employees.
Life & Accident Protection
Includes group term life and personal accident insurance to ensure financial support for employees.
Why is Employee Benefit Insurance Important?
At Go Insure India, we believe that taking care of your team shouldn’t be complicated. We make Group Health Insurance simple, flexible, and meaningful.
Expertise You Can Count On
We specialize in corporate insurance solutions. Our experienced team understands your business, your people, and the risks you face — so we recommend only what truly fits your needs.
Custom Plans, Just for You
No two companies are the same. That’s why we don’t believe in one-size-fits-all insurance. Whether you have 7 employees or more than 1,000, we build a plan that’s tailored to your team’s size, age, and health profile.
Affordable Premiums with Maximum Value
Get the right balance of coverage and cost. We work with top insurers in India to get you the most value for every rupee spent — without cutting corners on protection.
Why is Employee Benefit Insurance Important?
Expertise You Can Count On
We specialize in corporate insurance solutions. Our experienced team understands your business, your people, and the risks you face — so we recommend only what truly fits your needs.
Custom Plans, Just for You
No two companies are the same. That’s why we don’t believe in one-size-fits-all insurance. Whether you have 7 employees or more than 1,000, we build a plan that’s tailored to your team’s size, age, and health profile.
Affordable Premiums with Maximum Value
Get the right balance of coverage and cost. We work with top insurers in India to get you the most value for every rupee spent — without cutting corners on protection.
Group Health Insurance: What’s Covered and Not Covered
What does Group Health Insurance Cover
What is Group Health Insurance?
Group Health Insurance is a type of health insurance plan that covers a group of people, typically employees of a company or members of an organization, under a single policy. It provides medical coverage to all members and is often more cost-effective than individual health insurance plans.
Who is considered as Group under Health Insurance?
Any legally recognized group or organization that employs or consists of a minimum of 7 individuals can purchase group mediclaim insurance to provide healthcare benefits to its members.
- Companies/Corporations/Small or medium enterprises/large corporations, Private limited companies, Public limited companies, Multinational corporations.
- Partnership firms and sole proprietorships
- Non-Governmental Organizations (NGOs)
- Associations and Societies/Professional associations/trade unions/cooperative societies/clubs/other registered groups
- Government and Public Sector Units/Government departments/Public sector undertakings
- Educational Institutions/Schools/Colleges/universities/other educational institutions
- Professional Groups such as Chartered Accountants (CA), Architects, Company Secretaries (CS)
- Banks and Financial Institutions Startups New and emerging businesses
What is the minimum count of members in a group to have Group Health Insurance?
Minimum 7
What are the benefits of Group Health Insurance for employees?
Benefits include lower premiums, comprehensive coverage, and access to a wide network of healthcare providers. Additionally, it provides financial protection against high medical costs and often includes preventive care services.
How does Group Health Insurance benefit employers?
Employers benefit from Group Health Insurance by attracting and retaining talent, improving employee satisfaction and productivity, and potentially receiving tax advantages. It also helps in promoting a healthier workforce.
Can family members be included in Group Health Insurance plans?
Yes, most Group Health Insurance plans allow employees to add their dependents, such as spouses and children, to their coverage. Some plans may also extend coverage to parents and in-laws.
How are premiums for Group Health Insurance determined?
Premiums are typically based on the collective risk of the group, including factors like the average age, health status, and the number of people covered, Industry of Group & nature of occupation of members. Employers and employees may share the cost of premiums, with the employer often paying a significant portion.
What happens to Group Health Insurance coverage if an employee leaves the company?
If an employee leaves the company, they may lose their Group Health Insurance coverage. Employee may continue coverage subject to mutual agreement between Group & Insurer and part of Policy Conditions.
Can employees customize their Group Health Insurance plans?
Many Group Health Insurance plans offer flexible options that allow employees to choose different levels of coverage, add-ons, and additional benefits to tailor the plan to their specific needs and preferences.
Is the cashless facility available under Group Health Insurance?
Yes, like any other health insurance policy, cashless facility is also covered under Group Health Insurance policies.
What is a waiting period?
A waiting period refers to the amount of time one needs to wait before they can start making claims for specific benefits.
What are general exclusions under Group Health Insurance?
General exclusions under Group Health Insurance typically include
What Group Health Insurance Does NOT Cover
What is Group Health Insurance?
Group Health Insurance is a type of health insurance plan that covers a group of people, typically employees of a company or members of an organization, under a single policy. It provides medical coverage to all members and is often more cost-effective than individual health insurance plans.
Who is considered as Group under Health Insurance?
Any legally recognized group or organization that employs or consists of a minimum of 7 individuals can purchase group mediclaim insurance to provide healthcare benefits to its members.
- Companies/Corporations/Small or medium enterprises/large corporations, Private limited companies, Public limited companies, Multinational corporations.
- Partnership firms and sole proprietorships
- Non-Governmental Organizations (NGOs)
- Associations and Societies/Professional associations/trade unions/cooperative societies/clubs/other registered groups
- Government and Public Sector Units/Government departments/Public sector undertakings
- Educational Institutions/Schools/Colleges/universities/other educational institutions
- Professional Groups such as Chartered Accountants (CA), Architects, Company Secretaries (CS)
- Banks and Financial Institutions Startups New and emerging businesses
What is the minimum count of members in a group to have Group Health Insurance?
Minimum 7
What are the benefits of Group Health Insurance for employees?
Benefits include lower premiums, comprehensive coverage, and access to a wide network of healthcare providers. Additionally, it provides financial protection against high medical costs and often includes preventive care services.
How does Group Health Insurance benefit employers?
Employers benefit from Group Health Insurance by attracting and retaining talent, improving employee satisfaction and productivity, and potentially receiving tax advantages. It also helps in promoting a healthier workforce.
Can family members be included in Group Health Insurance plans?
Yes, most Group Health Insurance plans allow employees to add their dependents, such as spouses and children, to their coverage. Some plans may also extend coverage to parents and in-laws.
How are premiums for Group Health Insurance determined?
Premiums are typically based on the collective risk of the group, including factors like the average age, health status, and the number of people covered, Industry of Group & nature of occupation of members. Employers and employees may share the cost of premiums, with the employer often paying a significant portion.
What happens to Group Health Insurance coverage if an employee leaves the company?
If an employee leaves the company, they may lose their Group Health Insurance coverage. Employee may continue coverage subject to mutual agreement between Group & Insurer and part of Policy Conditions.
Can employees customize their Group Health Insurance plans?
Many Group Health Insurance plans offer flexible options that allow employees to choose different levels of coverage, add-ons, and additional benefits to tailor the plan to their specific needs and preferences.
Is the cashless facility available under Group Health Insurance?
Yes, like any other health insurance policy, cashless facility is also covered under Group Health Insurance policies.
What is a waiting period?
A waiting period refers to the amount of time one needs to wait before they can start making claims for specific benefits.
What are general exclusions under Group Health Insurance?
General exclusions under Group Health Insurance typically include
Advantage of Employee Benefit Insurance
For Employers (Why it’s good for your business)
- Attracts and Retains Talent: Offering health and life insurance makes your company more attractive to top candidates and encourages current employees to stay longer.
- Boosts Productivity & Morale: A secure and healthy team is a motivated team. When employees feel cared for, they’re more engaged, focused, and loyal.
Tax Benefits: Premiums paid towards employee benefits may be tax-deductible, helping you save while doing good for your team. - Strengthens Company Reputation: Being seen as an employer who takes care of their people boosts your brand image — with clients, job seekers, and industry peers.
- Customizable & Scalable: Plans can be adjusted based on team size, budget, and needs — whether you’re a growing startup or a large corporation.
For Employers (Why it’s good for your business)
- Attracts and Retains Talent: Offering health and life insurance makes your company more attractive to top candidates and encourages current employees to stay longer.
- Boosts Productivity & Morale: A secure and healthy team is a motivated team. When employees feel cared for, they’re more engaged, focused, and loyal.
Tax Benefits: Premiums paid towards employee benefits may be tax-deductible, helping you save while doing good for your team. - Strengthens Company Reputation: Being seen as an employer who takes care of their people boosts your brand image — with clients, job seekers, and industry peers.
- Customizable & Scalable: Plans can be adjusted based on team size, budget, and needs — whether you’re a growing startup or a large corporation.