Employee Health Insurance: Benefits & Coverages

A healthcare insurance policy for employees goes a long way for any organisation or employer. It is no longer only a gesture to show care and value toward the employees. Instead, it has become a necessity in today’s economy.

The pandemic and increasing prices of healthcare necessities are enough to advocate for the need for health insurance to be in place for everyone. Providing one for their employees talks heaps about a company and can benefit them in many ways, such as:

Retention of Valuable Employees: Health insurance adds to the sense of security and satisfaction in a workplace. It inculcates a feeling of belongingness and loyalty towards the organisation.

Better Employee Satisfaction: With health insurance made available, the employees do not have to worry about the increasing medical care prices. The stress from the unexpected medical expenses subside, making them feel more relaxed and happy.

Motivation: A Group Health Insurance policy instils happiness and creates a healthy and motivating workplace.

Group Health Insurance is not beneficial for the employees. It is also beneficial for employers and helps them with tax savings. These are the types of enterprises that can buy it:

• Small Businesses and Startups:

• Growing/Mid-size Companies

• Established Organisations

Tata AIG offers great medical insurance benefits for employees. A few of them are listed below:

Cost Efficiency: Since the insurance is bought for a group of people, the cost of the premium is shared among all of them. This results in lower premiums than an individual or a family health insurance plan.

Comprehensive Coverage: Employees covered under a group policy can benefit from comprehensive coverage without going for a pre-medical examination. The coverage can also be extended further for specific types of coverage.

Flexibility: It offers flexibility to add more members to the plan and get coverage for various needs such as annual check-ups, OPD consultations, etc.

Customisable: This is one of the best benefits of getting a group insurance plan for an organisation. It allows you to customise the plan based on the group’s size and needs.

Tax Benefits: Insurance premiums fall under the company expenses, which benefits the employer with huge tax benefits by reducing the amount of tax they pay.

Protection for Family: Another great benefit of having a Group Mediclaim Policy is that the coverage can be extended to the family members. It allows you to add 5 family members to the group without having to pay any extra premium.

Easy to Claim: Tata AIG offers a hassle-free claim process to avoid visiting the insurance provider company and focus on caring for the needy. All you have to do is call your HR and inform them of the medical emergency. We will take care of the rest.

Coverage for Pre-Existing Disease: Since this insurance plan is for a large number of people, the coverage is generalised. However, the organisation/employer can opt for covering pre-existing conditions from day 1.

The features of this medical insurance policy for employees make it a convenient option for employers. Let us look at the key features of Tata AIG Group Health Insurance that provides healthcare benefits for employees:

• No waiting period

• Extended coverage for up to 5 family members of the insured employee

• Mid-term addition of dependents

• Coverage for in-patient treatment up to the sum insured

• Maternity cover

• Cashless claims

Tata AIG’s Group Medical Insurance coverage inclusions are listed below:

• In-Patient Treatment

• Pre-Hospitalisation Expenses

• Post-Hospitalisation Expenses

• Day Care Procedures

• Domiciliary Treatment

• Organ Transplant

• Ambulance Cover

• Maternity Cover

• Family Transportation Benefit

** Tax Benefits for Salaried Employees**

Recent times have shown the importance of having health insurance for everyone in the family. By offering health coverage for employees, we aim to provide access to quality healthcare for everyone.

The Group Health Insurance Policy helps the organisation strengthen their relationship with the employees by offering them healthcare security and peace of mind. This insurance offers multiple benefits to the employees as well as the employer.

Opting for SME Insurance from Tata AIG can help benefit from the best-in-class policy features, and help organisations protect their most valuable assets- their employees.

What is the Employer-Employee Insurance policy?

It is the type of insurance policy where an employer buys a health insurance package for the employees. It offers financial support to the employees in case of emergencies.

How to buy Group Health Insurance from Tata AIG?

You can buy Group Health Insurance from Tata AIG by following these easy steps:

Choose a policy based on the healthcare needs of the group. You can carry out assessments in your organisation to determine this.

Contact our representatives for guidance on buying the insurance.

You can also buy a plan online from our official website.