Group Health Insurance - For the computer software Industry

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Calculate your premium estimates

Number of Employees

*Value should be between 2 and 500

20
  • 2
  • 100
  • 200
  • 300
  • 400
  • 500

Total estimated yearly premium

*only basic terms and conditions applied

100,000

₹ 5,000 per life

Talk to our experts to get exact premium estimates

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Median Fixed Cover

Rs 3 Lac sum insured

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Maternity Cover

Yes

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OPD Cover

No

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Doctor Consultations

Yes

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Wellness programs

Weekly

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Type of policy

Employee only, Employee, Spouse, Children / Employee, Spouse, Children, Parents/in-laws

check mark icon Median Fixed Cover check mark icon Maternity Cover
Rs 3 Lac sum insured Yes
check mark icon OPD Cover check mark icon Doctor Consultations
No Yes
check mark icon Wellness programs check mark icon Type of policy
Weekly Employee only, Employee, Spouse, Children / Employee, Spouse, Children, Parents/in-laws
check mark icon Median Fixed Cover
Rs 3 Lac sum insured
check mark icon Maternity Cover
Yes
check mark icon OPD Cover
No
check mark icon Doctor Consultations
Yes
check mark icon Wellness programs
Weekly
check mark icon Type of policy
Employee only, Employee, Spouse, Children / Employee, Spouse, Children, Parents/in-laws

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Computer software industry - Overview

The computer software industry can be segregated into - application software, software-as-a-service, and operating software among others. It deals with the distribution, maintenance, and development of a software product. India has over 2.16 Lac companies dealing with the computer software industry. 

Organizations depend on the many software available in the market to do day-to-day tasks. Businesses rely on computer software to store their data. It has digitally changed the workings of businesses. The pandemic aided it as companies and organizations came to terms with the need to go digital. 

The computer software industry also offers employment opportunities to people skilled in the development and distribution of software. Roughly 6.5 Lac people are employed in software companies having 0 - 100 employees. Around 3.1 Lac people are employed in companies having 100 - 1000 employees and 1.45 Lac are employed in companies having 1000+ workforce. 

Why buy group health insurance for the computer software industry?

Group health insurance has ceased to be a benefit but is now a necessity. Companies should deploy group health insurance policies for their employees to provide ample amount of financial assistance in adverse times. 

  1. Tailor-made benefits

Your group health insurance policy can be tailor-made to suit your employees. 

  1. Tax benefits 

An employer is exempted from tax on the premium paid for group health insurance to their employees. 

  1. Improve employee retention 

The employee retention rate will improve by including health benefits on top of regular wages. 

  1. Employer branding 

Offering more than just a salary, will generate goodwill and create a positive work environment.  

Things to know before buying group health insurance for the computer software industry

There are some things an employer should keep in mind while buying group health benefits for your employees. 

  1. Network hospitals 

Having a long list of hospital networks will prove beneficial for your remote team. 

  1. Add-on benefits 

Ensure that the insurance company provides multiple additional benefits to include with your base policy. 

  1. Claim settlement ratio 

The claim settlement ratio is simply the number of claims settled to the number of claims received. It shows the credibility of your insurer. 

  1. Ease of endorsements 

Choose an insurer that makes adding and managing new employees easier. 

Industry/ Computer software group health insurance reviews

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Why buy a group health insurance
policy online from Pazcare?

  • Choose the suitable policy with our consulting approach
  • Custom-made plan with health and mental wellness add-ons
  • The tech-enabled Pazcare dashboard to manage endorsements
  • Integrate the dashboard with your HRMS tool
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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 computer software industry employees FAQs

What is the waiting period for group health insurance?

There is no waiting period on group health insurance. It starts from day 1 of your policy.

Is group health insurance premium paid by employers?

Yes, group health insurance, also known as corporate health insurance is provided to the employees by their employers.

Can a group health insurance be claimed twice in one financial year?

Till the sum insured gets exhausted, you can claim group health insurance anytime during a financial year.