Our Group Mediclaim Policy offers you lower premiums
Group Mediclaim Insurance
Safeguards your employees and their families against medical emergencies
Group health insurance is a type of medical insurance that covers your employees as well as their families against unforeseen healthcare expenses. Also known as corporate health insurance or employee health insurance, these plans protect your workforce & their dependents against illnesses, injuries, and other such medical conditions.
As compared to an individual health insurance plan, the premium of a Group Mediclaim Policy is much lower and more affordable. Not only that, a group health insurance plan also offers lucrative tax benefits to the employer. Therefore, these plans hold immense value, both for employees and the employers as well. But most importantly, these plans help you attract & retain the best workforce in the business.
With IFFCO-Tokio, you can get Group Health Insurance that matches all your needs and requirements. Our plans provide comprehensive & affordable protection for corporate offices, credit societies, educational institutions, travel companies, etc. You can rely on us to provide you with a group insurance policy that balances quality with cost and delivers value for you & your employees!
There are a number of reasons to choose Group Mediclaim Policy offered by IFFCO Tokio, a lot of which gets highlighted in the business insurance reviews by existing customers. Whether you are concerned about the coverage offered to your family or the ambit of this policy as business insurance cover, there is nothing to worry about. Here is all of what IFFCO Tokio’s Group Insurance Policy covers.
Few of the major exclusions are mentioned below but since Group Mediclaim is a Tailor-Made policy, the same can be covered on account of additional premium
As an employer, it is important to make your workforce feel important, appreciated & safe. One way to do this is to get a group mediclaim policy. These plans help your employees pay for healthcare expenses and give them an added sense of reassurance on the job. Here are some good reasons why it is important to get a group insurance policy for your organisation.
It is one of the biggest job perks!
To run a business, you need good employees. However, job applicants today are looking for companies that offer more than just a good salary – they want job perks! This is where group medical insurance can make the difference. It shows that, as an employer, you are willing to go the extra mile for your workforce and adds value to a good salary.
Retention of talent
Imagine a scenario where one of your employees is offered another job with a higher salary. However, instead of taking this new opportunity, he/she decides to stay on with your organization, simply because the other job does not provide healthcare benefits. Therefore, as you can see, a group health insurance plan goes a long way in reducing the attrition rate and retaining talent that is crucial to your company’s success.
The feel good factor
A group mediclaim policy covers your employees and their family members too. It creates a sense of goodwill around the organization. Employees feel valued and protected. This encourages employees to put their best foot forward and deliver for the organisation. Basically, a group health insurance plan ensures a happier, healthier workforce, and also healthier bottom line.
Tax benefits
Group medical insurance also provides you with tax benefits! The premium of a group medical policy is 100 percent tax deductible by law. It can be categorised under business expenses and can help you lower the taxable income of your organization.
Salary is no longer the ‘be all and end all’ for job applicants. Today’s workforce is also on the lookout for employment opportunities that offer the best on-job perks, one of which is health insurance. Some of the benefits your employees can enjoy with group mediclaim insurance are highlighted below.
No waiting period
One of the biggest benefits of a group insurance policy is that it has no waiting period. The cover of the plan will begin the day you join the company. This ensures that even your pre-existing conditions (if any) will be covered right off the bat.
No health check-ups required
When you approach a health insurance company to buy a plan, there is a chance that they will ask you to undergo a medical test before providing you with a policy. However, when it comes to a group insurance policy, no such test is required.
No premium
Since it is the employer that pays for the group insurance policy, the employee enjoys coverage without paying a cent out of his/her own pocket.When they say the best things in the world are free – they are definitely referring to a group mediclaim policy.
Cover for family members
While this may depend from policy to policy, group health insurance plans usually cover the employees’ family members too. These plans protect the dependents of the employees by offering them financial help in the time of need.
