What is Group Health Insurance?
A single master policy covering all employees (and optionally their families) of a company against hospitalisation, day-care and pre/post-treatment expenses.
Who needs it?
- SMEs with 10+ employees
- Startups competing for talent
- IT/services firms with remote/distributed teams
- Companies with PF-mandated benefits
Why it matters
Better premiums than individual cover
No PED waiting period (typically)
Maternity benefit from day 1
Tax-deductible as business expense
Common myths, busted
Myth: Only large companies need GMC.
Truth: 10-employee startups now offer GMC because talent expects it.
Myth: It's too expensive.
Truth: Plans start at ₹3-5K per employee per year for a ₹3 L cover.
Real claim examples
- ₹12 L maternity + hospitalisation claims handled within the policy year for a 35-employee SME.