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 chemicals industry
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Chemicals Industry - Overview
There are about 11.7K companies that are a part of the chemical industry. The chemical industry produces and manufactures industrial chemicals using natural gas, petroleum, air, water, and minerals. Huge factories and manufacturing units are set up for the chemicals to be made.
The chemical industry requires utmost safety as harmful chemicals are used and converted to various acids on a daily basis. It is a must to use every chemical component in an orderly manner as the results could be harmful. People having adequate skills and expertise are employed in the chemical industry. Small scale companies with less than 100 employees are providing employment to 25.1K skilled workers. Companies with 100-1000 employees and 1000+ employees offer employment to 34.3K and 25.4K individuals respectively.
Why buy group health insurance for the chemicals industry employees?
Group health insurance has now become a necessity rather than a benefit. After the coronavirus pandemic hit, health problems increased for every individual. Ensure your employees' future by investing in a group health insurance policy for them.
- Tax benefits
According to the Income Tax Act of 1961, the amount paid towards insurance premiums is exempted from taxes.
- Customized plans
You can choose what to cover and what not to cover in your group health insurance policy.
- Financial protection
Your employees will have a reliable financial blanket for their medical expenses.
- Job satisfaction
Providing healthcare benefits will impact your team in a more positive way.
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Things to know before buying group health insurance for the chemicals industry
Before investing in group health insurance for your employees, make sure to check the following things to choose the most suitable insurance policy for them.
- Cashless network hospitals
Since remote work culture is adopted by many companies, a large cashless network hospital list should be there for your employees to locate one easily in case of emergency.
- Claim settlement ratio
CSR is important as it shows the credibility and reliability of your insurer.
- Add-on benefits
The add-on benefits should include smaller medical treatments like eye operations, ear operations, dental surgeries, etc.
- Easy endorsements
You should be able to easily manage and add or delete employees to your group health insurance policy. Choose an insurer with no external TPA.
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For any queries or assistance, reach out to us at any time. We provide 24X7 customer assistance.
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Group health insurance for chemical industry employees FAQs
How will my claim get settled in a network hospital?
When you get treated in a network hospital, after the verification of your documents, your claim will directly get settled at the network hospital.
Are burns covered under a group health insurance policy?
A burn is considered an injury to the skin. You should check with your insurer if it is included in your policy. If not, you can purchase an add-on benefit to cover burns.
Do add-on benefits increase insurance premiums?
Yes, add-on benefits will increase insurance premiums as the scope of coverage will increase.
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