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Group mediclaim means no waiting periods
Maternity coverage
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HRs and employees
Loop
FAQs
Is medical insurance mandatory for employees in India?
Yes, medical insurance has been made mandatory for employees by the government of India post the COVID-19 pandemic. This has been put in place to ensure that every employee has some form of protection with group health plans.
Why is group health insurance for employees in India important?
Medical exigencies are unpredictable. With a comprehensive group health plan, you can safeguard yourself and your family members, protect your savings, financial stability, fight lifestyle diseases, improve workplace productivity, and so much more.
How is Loop group health policy beneficial?
Loop Health is a modern health care provider with a proactive approach from start to finish. A group health plan includes a plethora of added benefits, including wellness perks, to your policy at no additional cost. Furthermore, with a team of specialized doctors and medical professionals available 24 X 7, all your health queries will be sorted out with ease. And the dedicated claims team will ensure your experience is absolutely hassle-free.
Does a Loop employee medical insurance policy cover treatment for COVID 19?
Yes, Loop offers comprehensive and customizable group health insurance plans at affordable costs, including COVID-19 cover.
How much does group health insurance cost for small business?
The cost of group health insurance for small business varies due to lot of factors. At Loop, group coverage health insurance premiums start at Rs. 450/-. This comprises holistic cover from top insurers for your employees, including a range of added benefits and wellness perks, at no additional cost, for all-around preventive care.
How many employees do you need for group health insurance?
The minimum requirement for group health insurance with Loop is 7 members.
Are group health insurance premiums tax deductible?
For employers, the premium paid to provide group insurance policy for employees in India can be deemed as a business expense. According to the Indian Income Tax Act, 1961, this expense is eligible for tax benefits.
Is group health insurance cheaper than individual health insurance?
Group health insurance is definitely a cheaper option for businesses in comparison with individual health insurance. Group mediclaim for employees come with lower premiums and a host of added benefits that ensure your team is healthy and happy.
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