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 the higher education Industry
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Higher education industry - Overview
It is often said that the most crucial years of an individual’s life are the years spent in college. The higher education industry yearly gives thousands of skilled workforce to the different industries. It helps generate employment opportunities as well.
Many universities are part of this industry providing educational opportunities to people belonging from different social and economic backgrounds. There are many schemes run by the government as well to provide financial assistance and scholarships to people.
India has about 3.42 Lac higher education universities, giving employment to the present as well as future generations. The employee ranges are -
- 0 - 100 employees - 1.07 Lac
- 100 - 1000 employees - 1.45 Lac
- 1000+ employees - 6.21 Lac
Why buy group health insurance for the higher education industry?
Group health insurance has become an absolute necessity now. The pandemic took several lives, leaving people all over the world hopeless. But now that people have stabilized themselves and come out of the pandemic almost sane, no stones should be left unturned to protect the lives of those who survived.
- Tailor-made benefits
Your group health insurance policy will only cover the benefits of your choice and requirements. You can easily make adjustments to suit yourself.
- Tax exemption
One of the biggest benefits investing in a group health insurance gives is that the amount paid towards the premium is exempted from tax, according to the Income Tax Act of 1961.
- Satisfied employees
Your employees will have a sense of satisfaction that they will get adequate financial assistance in medical emergencies.
- Family coverage
Your employees can insure their family by including spouse, children, and parents or in-laws in the group health insurance policy provided by their employer.
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Things to know before buying group health insurance for the accounting industry
There is a pool of insurance available in the market. You should make sure that you’re making the right choice while buying group health insurance for your employees.
- Easy endorsements
Confirm with your insurer about the endorsements beforehand to avoid any unnecessary problems during the addition or deletion of employees.
- Claim settlement ratio
The first marker of a reliable insurer is the claim settlement ratio in the previous financial year. Higher the number, the higher the reliability of the insurer.
- Network hospitals
Having a wide range of network hospitals should always be preferred as it would become easier for your employees located all over India to get treated.
- Exclusions in policy
Make time to go through the fine print of your chosen insurance policy. Read through the exclusions section thoroughly to avoid any problems in the future.
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For any queries or assistance, reach out to us at any time. We provide 24X7 customer assistance.
Pazcare
91 80378 34753
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Group health insurance for higher education industry employees FAQs
Who can take group health insurance for their employees?
Any business owner can provide their employees with group health insurance. ‘Paz for startups’ provides group health insurance benefits to companies with as low as 2 employees.
Are dependents covered under group health insurance?
Yes, you can add your spouse, children, and parents/in-laws to your group health insurance policy.
What is not covered in group health insurance?
Often plastic surgeries, botox treatment, and suicide attempts are excluded from your group health insurance.
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