20 smart questions HRs must ask their brokers before buying group health insurance
Hidden Costs? Ask These 20 Questions Before Buying Group Health Insurance
By Pazcare
May 5, 2025
Group Health Insurance - For the aviation & aerospace industry
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Aviation/aerospace industry - Overview
The aviation and aerospace industry deals with the manufacture, research, and development of flight vehicles. Air travel is essentially a very large industry as a single flight vehicle requires many smaller parts which are then assembled together to form one vehicle.
Flight vehicles are also used in the military and therefore are made with much heavy material than the ones used in air travel. The aviation and aerospace industry connects India with the world through air travel and manufacturing of various parts as well.
Around 1.4K companies are invested in the aviation and aerospace industry. According to the company size, the employees can be divided further as -
- 0 - 100 employees - 4.2K
- 100 - 1000 employees - 6.4K
- 1000+ employees - 26.1K
Clearly, there are many large-scale companies involved in making the aviation and aerospace industry a successful one.
Why buy group health insurance for the aviation/aerospace industry employees’?
The aviation and aerospace industry deals with the manufacture and development of lightweight flight vehicles. The employees nonetheless need to be secure of any upcoming medical emergency that they may face, with themselves or their families.
- Tax benefits
The premium paid by employers towards group health insurance for their employees is not taxable, i.e, it is exempted from any taxes.
- Tailor-made
You can get your group health insurance policy customized according to your employees’ needs. You can choose to add/delete the benefits accordingly.
- Financial security
Your group health insurance provides a financial safety net in medical emergencies for your employees and their families.
- Employer branding
It will generate goodwill and build a stronger employer base for your company or organization.
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Things to know before buying group health insurance for the aviation/aerospace industry
There are a few things every employer must keep in mind before investing in a group health insurance plan for their employees. Some are -
- CSR
The claim settlement ratio is a very important ratio to confirm the reliability of the insurer.
- Ease of endorsements
It is important to make sure that future employees can easily be added to the existing group health insurance policy without any hassle.
- Waiting period
Group health insurance comes with zero waiting period. But for some add-on benefits, like pre-existing diseases, there might be a waiting period of a few months.
- Exclusions in policy
Go through the terms and conditions of your insurance policy thoroughly. Keep a check on all the exclusions in the policy that you choose for your employees.
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Group health insurance for aviation/aerospace industry employees FAQs
What are the documents required to claim a group health insurance policy?
You must carry your identity proof like a PAN card or Aadhar card. Along with it, your company’s ID card, original hospital bills, and health card are important to claim a group health insurance policy.
Is my policy valid PAN India?
Your group health insurance policy will cover a medical emergency in any part of the country. An international clause is generally excluded from a policy. Make sure to check with your insurer for the same.
When should I purchase a group health insurance plan?
A group health insurance plan, or corporate health insurance as it is known, starts as soon as you get employed in a company. It is purchased by your employer for his or her employees.
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