Group health insurance plans help keep your team healthy and happy, and is a sign that you care about their well-being.
Group Health Insurance For Employees
Understand the ins and outs of group health insurance policies. Make an informed purchase decision to benefit your organization and its members.
Win-win for you
and your employees
Simplify Group Health Insurance
Why invest in customized health plans for employees?
Healthcare expenses in India have been increasing at an alarming rate, more than regular inflation. The cost of medical treatments and hospitalization is becoming more expensive.
Despite this, the number of people with health insurance remains dismally low. Besides lack of awareness, high premiums and complexity leave many feeling unprotected and unsure of where to turn.
But there's a solution: group health insurance. It protects employees and their loved ones from unexpected medical emergencies and offsets the cost of medical treatments and hospitalization.
Prioritizing employee health and well-being is a smart financial decision and a powerful statement about your company's values. It demonstrates that you respect employees’ contributions and are invested in their success. This leads to a positive work culture and teams who are healthier, happier, and more productive.
A bonus - it’s a win-win for everyone! Organizations will be known as people-centric, while there’s a meaningful impact on employees' lives.
Save up to 30% on Group Health Plans
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What is a group health insurance policy and how it works?
Group health insurance is also known as group mediclaim insurance policy for employees. It’s a type of health insurance plan that organizations, small and large, purchase to meet the medical expenses of their employees.
Corporate health insurance plans in India are like master plans. Every employee receives the same uniform coverage as part of the group insurance plans.
Typically, employers pay premiums and offer group mediclaim coverage to their company employees as a benefit. Employee group health insurance policy sometimes extends this protection to families, too.
Organizations work with group health insurance providers to select a pre-planned corporate health insurance policy or tailor-making the best group mediclaim policy for employees.
Compared to an individual health plan, group health insurance is an affordable option. Plus, employers are eligible for tax benefits of group medical insurance plans in India as well. It’s a win-win!
Why buy a group health insurance policy in Pune, Bangalore, Mumbai, and other cities?
Health insurance is important but why offer health insurance plan to employees is a commonly asked question.
Here’s the issue ↑
Assembling a team of top performers is just the beginning; the real challenge lies in retaining them for the long term.
To achieve this, it is crucial to maintain their motivation and commitment to their work through continuous effort and undivided attention. There's no slowing down or taking a break, or you might just see them walk out the door.
Fortunately, you can prevent this by proactively addressing employee concerns and creating an environment where they can thrive.
Prioritize their needs and create a supportive workplace culture, so you can build a team that is highly engaged and loyal to your organization. This ensures long-term success for everyone involved.
What’s a quick fix?
The importance of group medical policy for employees goes beyond smooth day-to-day operations. It exhibits that your organization focuses on its people and creates a culture that cares. This leads to employees feeling appreciated, higher retention rates, and an optimistic mindset.
The outcome? A workforce that is productive and more likely to adopt healthy habits, reducing sick leaves and contributing to a more efficient workplace. Thus, investing in your employees' well-being yields multiple benefits.
Besides this, with the onset of the recent Covid-19 pandemic, health has taken precedence. In April 2020, the Indian government made group health insurance mandatory for all commercial and industrial offices, workplaces, and establishments to provide group medical insurance for employees.
Loop in the media
Who should buy a group health insurance policy?
Small companies and young startups
Start-ups or small businesses with more than 100 members can purchase group health insurance. Small group health insurance plans ensure your company prioritizes employee well-being and ensures saving on income tax.
Medium-sized companies and growing startups
If your small business is growing and thriving, and has between 500 and 1,000 employees, you can easily seek a small business group health insurance policy. Group health insurance plan gives you an edge by ensuring your employees are motivated and happy.
Large organizations and established startups
As a large and established business, you continually face a demanding economic climate, competitive threats, new challenges, and sizable risks. To move your business forward, you need to provide a group health insurance policy for employees to make sure they stay healthier and more engaged on the job.
Read more about employer group health insurance requirements here.
Choosing the Right Group Health Insurance Plan
Handpick and select the best group health insurance plan for your employees in top Indian cities like Pune, Mumbai, Bangalore, and more
Quick and easy access
Having easy access to healthcare providers is critical at every stage, from group health insurance quotes to claims assistance. Access to digital resources helps with speaking with a doctor, maintaining records, and making smarter health choices. That's why it's essential to choose corporate health plans that prioritize accessibility and convenience.
Round-the-clock support
Whether it's access to doctor consultations or claims assistance, 24x7 support is a must to navigate any challenges that may arise. A reliable support system ensures you and your team get help when you need it. So you have peace of mind and minimize disruptions to your business operations.
Effective communication
It's crucial to have a reliable insurance provider that is pleasant, experienced, and well-equipped to handle a variety of situations. Without open and transparent communication, doubt can set in. This makes it essential to have an insurer that keeps you informed every step of the way.
Benefits of group health insurance for employers
As an employer, it’s of the essence to make your workforce feel safe, appreciated, and important. And that’s one of the advantages of group health insurance.
Retain and attract talent
Employees are more likely to stay with a company that offers valuable benefits. With group health insurance plans, employees get comprehensive health insurance along with free added benefits, which helps with countless medical expenses.
Increased focus and productivity
Productivity and benefits go hand-in-hand. An employee who’s concerned about matters in their personal lives is unable to focus on work. The advantages of group medical policy are providing staff with a sense of security and peace of mind, which boosts productivity, engagement, and morale.
Value for money and tax benefits
The primary differentiators of group health insurance vs individual coverage are the cost of premiums. The premiums of group health insurance plans are cheaper and customizable to suit the needs of every organization. Let’s not forget the group mediclaim policy tax benefits.
Benefits of group health insurance for employees in India
What’s worse than getting sick? Getting sick and stuck with a huge hospital bill or medical expenses. The advantage of group medical insurance is preventing both of those things.
Cover for your family at no cost
One of the differences between group health insurance policy and individual insurance is family coverage. Depending on the group medical insurance policy in India, some plans extend the group health insurance policy to family members. This way, you have security for your dependents.
Quick and efficient claims process
Since the group health insurance plan is routed through your employer, most of the communication is handled by a single point of contact - making things easier. Along with this, 24X7 claims support ensures you have access to a team who helps solve your queries.
Preventive and reactive care
The benefits of a group health insurance policy are inefficacious if you don’t have a team of specialized professionals by your side. You must find plans with excellent quality primary care. This helps nip issues in the bud and ensures better health outcomes for employees.
How is group medical insurance different from individual health insurance?
Building A Better Employee Benefits Package: Loop's Comprehensive Group Health Insurance Options
Secure your business and employees' health with Loop
The current healthcare system is primarily focused on sick care, and it faces many challenges, such as a shortage of doctors, diagnostic tools, and treatment infrastructure. Furthermore, finding trustworthy, empathetic, and sound medical advice is difficult.
While health insurance was once seen as a solution, it merely covers the cost of medical attention and does little to promote good health. However, being healthy involves complete physical, mental, and emotional well-being, not just the absence of sickness.
Loop offers a new approach to healthcare that focuses on preventing illnesses, building trust with patients through empathetic care, and improving people's lives.
Our modern healthcare platform aims to improve health outcomes and provide financial protection from health risks.
At Loop, we believe that health benefits should be straightforward, useful, and comprehensive. We offer plans and benefits that are easy to understand, tools that save time and money, and excellent doctors who are there to help you take control of your health.
Our goal is to make healthcare better for everyone.
We are now serving pan India, including key regions like Pune, Mumbai, Bangalore, Delhi NCR, and Hyderabad.
Some of India's top brands trust Loop for Group Health Insurance benefits
Why is Loop the best choice for your company?
Preventive care
Our in-house doctors and specialists take the time to get to know and understand your concerns, health history, and wellness goals to provide you with the best possible care. This ensures employees get both preventive and reactive care, resulting in a healthier workforce. Additionally, we offer cohort-based courses like diabetes care, smoking cessation, and MHASP course to support the overall health and wellness of employees.
24X7 claims support
One of the benefits of group health insurance plans is 24X7 claims support. Further, network hospitals are spread out throughout the country. Whether in cities like Bangalore, Pune, or Mumbai, or even tier 2 and 3 locations, you can access hassle-free cashless treatment.
Constant innovation
Our continuous innovation helps provide first-in-class services. This includes super top-ups to extend the GMC cover, and claims advisors in Pune and Mumbai, soon to be available in Bangalore. The Liquiloans facility, where employees have access to interest-free loans. Our HR dashboard, endorsement tool, and HRMS Integrations make it easier for HRs and employees to access and amend their group health insurance policy.
Unlimited
doctor consultations
With no added or hidden costs, our group health insurance plans offer 24X7 chats with medical advisors and online doctor consultations. With this, employees get continuity of care, resulting in better health outcomes.
The Loop app
The Loop app makes it easy for employees to access their ecards handy for emergencies, review policy details anytime, chat with a dedicated medical advisor, get unlimited doctor consultations with specialists, and book discounted lab tests from home.
Wellness sessions
Our group health insurance helps employees beat work blues with a host of wellness sessions led by experts. With a focus on holistic well-being, employees are better versions of themselves, professionally and personally.
How to get group health insurance quotes in Bangalore, Pune, Mumbai, and other cities?
Follow a simple 3-step process to get customized group health insurance quotes from Loop:
Fill out the form and click on ‘get a callback’ best group health insurance quote
Our experts will get in touch with you with the best group health insurance quotes
HRs and employees love Loop
Loop is very cordial, patiently dealing with every insurance query. They ensure we take appropriate action in time.
Dhiraj K. Bolur
Chief Manager Operations, Kasha Kakes Pvt. Ltd.
Loop’s thoughtful assistance, right from in-person to moral support, shows the depth and quality of the team's commitment to their clients.
Chandan Senjalia
Manager HR, Japfa
The valuable insights you provided on healthcare benefits will be incredibly helpful for our employees, enabling them to fully understand and take advantage of the perks of endorsing with Loop.
Ruchi Singh
Senior Human Resources Executive, Knorex
It was great to have Loop Health with us for all our medical needs
Vineet Kewlani
CHRO - Impact Infotech
One of the best features is the in-house team of doctors and specialists. Our employees love Loop’s wellness sessions, and health check-up camps.
Ishwari Chandekar
HR Manager, Livio
Our association with Loop has been an excellent experience. Kudos to the claims team because the claims are settled very well. Our employees are very happy with the health checkup feature too.
Jagruti Jeevan
ProductDossier
The online consultation services provided to employees through the Loop app proved to be a life-changer. We have seen many of our employees have taken benefit of the service and it actually served as a big relief to us.
Deepak Rajan Nair
HR Manager, Rivulis Irrigation
Please thank Dr. Amruta for making me feel alive, happy & hopeful again. After first day of meds, I experienced 70% of positive change''
Vishaka
Loop Member
The medical advisors and the consultations from the in-house doctors has been very helpful. They are very prompt in their communication and follow up.
Rosetta Fernandes
HR Manager, Vedam Design
Loop is very cordial, patiently dealing with every insurance query. They ensure we take appropriate action in time.
Dhiraj K. Bolur
Chief Manager Operations, Kasha Kakes Pvt. Ltd.
Loop’s thoughtful assistance, right from in-person to moral support, shows the depth and quality of the team's commitment to their clients.
Chandan Senjalia
Manager HR, Japfa
The valuable insights you provided on healthcare benefits will be incredibly helpful for our employees, enabling them to fully understand and take advantage of the perks of endorsing with Loop.
Ruchi Singh
Senior Human Resources Executive, Knorex
It was great to have Loop Health with us for all our medical needs
Vineet Kewlani
CHRO - Impact Infotech
One of the best features is the in-house team of doctors and specialists. Our employees love Loop’s wellness sessions, and health check-up camps.
Ishwari Chandekar
HR Manager, Livio
Our association with Loop has been an excellent experience. Kudos to the claims team because the claims are settled very well. Our employees are very happy with the health checkup feature too.
Jagruti Jeevan
ProductDossier
The online consultation services provided to employees through the Loop app proved to be a life-changer. We have seen many of our employees have taken benefit of the service and it actually served as a big relief to us.
Deepak Rajan Nair
HR Manager, Rivulis Irrigation
Please thank Dr. Amruta for making me feel alive, happy & hopeful again. After first day of meds, I experienced 70% of positive change''
Vishaka
Loop Member
The medical advisors and the consultations from the in-house doctors has been very helpful. They are very prompt in their communication and follow up.
Rosetta Fernandes
HR Manager, Vedam Design
Loop is very cordial, patiently dealing with every insurance query. They ensure we take appropriate action in time.
Dhiraj K. Bolur
Chief Manager Operations, Kasha Kakes Pvt. Ltd.
Loop’s thoughtful assistance, right from in-person to moral support, shows the depth and quality of the team's commitment to their clients.
Chandan Senjalia
Manager HR, Japfa
The valuable insights you provided on healthcare benefits will be incredibly helpful for our employees, enabling them to fully understand and take advantage of the perks of endorsing with Loop.
Ruchi Singh
Senior Human Resources Executive, Knorex
It was great to have Loop Health with us for all our medical needs
Vineet Kewlani
CHRO - Impact Infotech
One of the best features is the in-house team of doctors and specialists. Our employees love Loop’s wellness sessions, and health check-up camps.
Ishwari Chandekar
HR Manager, Livio
Our association with Loop has been an excellent experience. Kudos to the claims team because the claims are settled very well. Our employees are very happy with the health checkup feature too.
Jagruti Jeevan
ProductDossier
The online consultation services provided to employees through the Loop app proved to be a life-changer. We have seen many of our employees have taken benefit of the service and it actually served as a big relief to us.
Deepak Rajan Nair
HR Manager, Rivulis Irrigation
Please thank Dr. Amruta for making me feel alive, happy & hopeful again. After first day of meds, I experienced 70% of positive change''
Vishaka
Loop Member
The medical advisors and the consultations from the in-house doctors has been very helpful. They are very prompt in their communication and follow up.
Rosetta Fernandes
HR Manager, Vedam Design
"For my team, having Loop is like having a doctor in the family."
Makarand Datar
CEO - Datar Engineering
This year was especially tough, but now we have Loop helping our team.
Maruthi S
Marquardt
We have had Loop as our insurance broker for last 2 years, our experience is very positive. From getting the best quotes to providing unique services via their mobile app to going the extra mile to deliver best services, they've helped us make things easy and convenient for our employees.
Ritesh Shah
Senior HR Manager, Medline India
My employees no longer call me to ask about their policy because Loop takes care of everything.
Somak G
GE
Really nice doctors. Helpful in every situation. They do a follow up to check on you. Would definitely recommend.
Sagar
Loop Member
Appreciate Loop’s speedy response and unwavering assistance. Truly setting the bar for healthcare services.
Snehal Yadav
Manager Facilities, Administration & EHS, Knorr-Bremse
Seamless process with quick approvals - Loop provided fantastic service even in late hours.
Ronald Quadros
Assistant Vice President Operations, Theobroma Foods Private Limited
"For my team, having Loop is like having a doctor in the family."
Makarand Datar
CEO - Datar Engineering
This year was especially tough, but now we have Loop helping our team.
Maruthi S
Marquardt
We have had Loop as our insurance broker for last 2 years, our experience is very positive. From getting the best quotes to providing unique services via their mobile app to going the extra mile to deliver best services, they've helped us make things easy and convenient for our employees.
Ritesh Shah
Senior HR Manager, Medline India
My employees no longer call me to ask about their policy because Loop takes care of everything.
Somak G
GE
Really nice doctors. Helpful in every situation. They do a follow up to check on you. Would definitely recommend.
Sagar
Loop Member
Appreciate Loop’s speedy response and unwavering assistance. Truly setting the bar for healthcare services.
Snehal Yadav
Manager Facilities, Administration & EHS, Knorr-Bremse
Seamless process with quick approvals - Loop provided fantastic service even in late hours.
Ronald Quadros
Assistant Vice President Operations, Theobroma Foods Private Limited
"For my team, having Loop is like having a doctor in the family."
Makarand Datar
CEO - Datar Engineering
This year was especially tough, but now we have Loop helping our team.
Maruthi S
Marquardt
We have had Loop as our insurance broker for last 2 years, our experience is very positive. From getting the best quotes to providing unique services via their mobile app to going the extra mile to deliver best services, they've helped us make things easy and convenient for our employees.
Ritesh Shah
Senior HR Manager, Medline India
My employees no longer call me to ask about their policy because Loop takes care of everything.
Somak G
GE
Really nice doctors. Helpful in every situation. They do a follow up to check on you. Would definitely recommend.
Sagar
Loop Member
Appreciate Loop’s speedy response and unwavering assistance. Truly setting the bar for healthcare services.
Snehal Yadav
Manager Facilities, Administration & EHS, Knorr-Bremse
Seamless process with quick approvals - Loop provided fantastic service even in late hours.
Ronald Quadros
Assistant Vice President Operations, Theobroma Foods Private Limited
FAQs About Group Health Insurance In India
Is group healthcare policy cheaper than individual health coverage?
Group health insurance is definitely a cheaper option for businesses in comparison with individual health insurance. Group mediclaim for employees comes with lower premiums and a host of added benefits that ensure your team is healthy and happy.
Is medical insurance mandatory for employees in India?
Yes, health 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 insurance plan.
How is Loop group health insurance 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.
Why is medical 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 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 a group health 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.
What are the various waiting periods in group health insurance coverage?
The waiting period in insurance varies from policy to policy and issuer to issuer. The different ones are:
- Initial
- Pre-existing disease
- For a specific disease
- Maternity and newborns
Read more here: Group Health Insurance Waiting Periods
How should startups get group health insurance for employees?
With corporate health insurance, there’s no one size fits all option - and that’s the best part! You can get group health insurance for startups as well as large businesses. You can pick a plan and customize it according to your team and your needs. Insurance for your team is like an investment. You can contact Loop’s team here.
What is the maternity benefit in an group health insurance plan?
Maternity benefit is coverage as a part of employer group health insurance policies for pregnant women. This benefit covers the cost of normal delivery and a 14-day post-delivery checkup.
Can you cancel your group health insurance?
Yes, you can cancel your employer group health insurance plan. After cancellation, you will continue to get medical coverage until the end of the month. For example, if you cancel your coverage on the 16th of December, you will get medical coverage until December end.
Read more here: Group Health Insurance Cancellation Policy
What documents do you require for raising a claim?
To raise a claim, you need the following documents:
- Identity proof issued by the government
- Proof of residence and employer address
- 6-month salary slip
- Signed claim form with the details of the claim for reimbursement
- Printout of form 2A
Have more questions?
Read the full FAQs here
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