A Guide on How to Claim Group Health Insurance in India
If insurance claim journey been a hassle for you, you need to follow these steps to solve it.
By Pazcare
May 12, 2025
Group Health Insurance For Electrical & Electronics Manufacturing Industry Employees
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Industry Wise Group Health Insurance Policy For Employees
Electrical/electronic manufacturing industry - overview
The electrical or electronic manufacturing industry is involved in the design, development, assembly, and servicing of electronic equipment and appliances. The goods produced and assembled by this industry can only be operated with the use of technology.
The electronic industry is highly competitive as it requires constant research and development to produce and come up with new, innovative, and easy-to-use products. A lot of capital is invested in the electrical and electronic industry due to its rapid demand and use of improved technology.
Around 2.38 Lac companies all over India employ experts and skilled workers to research and come up with unique and innovative ideas to enhance the electronic manufacturing industry. Not only machinery but electronic parts needed for a machine to work are also manufactured by the electrical and electronic manufacturing industry. Since it requires skilled workers, we can divide the workforce according to three broad categories -
- 0 - 100 employees - 1.25 Lac
- 100 - 1000 employees - 6.06 Lac
- 1000+ employees - 4.76 Lac
Why buy group health insurance for the electrical and electronics manufacturing industry?
A lot of research goes into curating a single electronic item, the employees are prone to face extreme stress and burnout. Their hectic work schedule could also result in severe health issues. It is better to offer group health insurance for employees to appreciate their hard work which in turn can make it a successful industry.
- Employee retention
Offering health benefits to employees helps in retaining them as well as in talent acquisition.
- Tailor-made benefits
Your group health insurance policy can be tailor-made according to your employees.
- Employer branding
Offering group health insurance benefits with other incentives will generate goodwill and attract talents.
- Improve job satisfaction
Your employees are likely to be more satisfied in their jobs after knowing that their family members are also covered in their group health insurance policy.
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Things to know before buying group health insurance for the electrical and electronics manufacturing industry
Before purchasing medical insurance for employees, you should compare and keep the following things in mind.
- Exclusions of the policy
Make sure to check the exclusions in the group health insurance policy to understand what is not covered under the policy.
- Inclusions of the policy
Always check what is included in the group health insurance like pre and post-hospitalization expenses, maternity benefit, etc.
- Add-on benefits
The add-on benefits are useful as you can cover other benefits on top of the base policy at a low cost.
- Claim settlement ratio
The reliability of a health insurance company is measured by the claim settlement ratio.
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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 electrical and electronic manufacturing industry employees FAQs
Can siblings be added to group health insurance?
Only immediate and dependent family members can be added to your group health insurance.
What is a domiciliary hospitalization benefit?
Domiciliary hospitalization benefit implies that an insured person is getting medical treatment at their home because they are not able to go for hospitalization or the hospital room is unavailable.
How is the claim settlement ratio calculated?
The claim settlement ratio is calculated by a simple method - the number of claims settled/number of claims made*100.
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