Group Health Insurance - For the hospitality Industry

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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

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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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Hospitality industry - Overview

The hospitality industry is the umbrella term for the service industry which includes tourism, hotels, lodging, restaurants, bars, etc. it caters to serving people through its myriad services. It is one of the fastest developing industries because of its nature. 

The hospitality industry provides its services far and wide. Their primary goal is to accommodate customers and make their stay/ time enjoyable with their services. There are a number of employees involved in making the hospitality industry a success. More than 3.5 Lac companies are present in India that take care of the hospitality industry. Around 4.07 Lac people are employed in companies with 0 - 100 employees. Additionally, 3.04 Lac and 3.09 Lac people work for companies with 100 - 1000 and 1000+ employees.

Why buy group health insurance for the hospitality industry?

Group health insurance is a great way to boost your employees’ morale and for employers alike. The employees can also include their family members including their spouse, children, and parents/ in-laws. 

  1. Tailor-made plans

You can customize your group health insurance policy according to your requirements. In simple words, you pay for what you choose. 

  1. Employer branding 

Offering group health insurance on top of salary will create a sense of goodwill and attract talents from a wider range. 

  1. Employee retention 

Your employees are more likely to stick with your company if they are getting health benefits and other incentives as well. 

  1. Tax benefits 

You can claim tax benefits if you pay towards group health insurance premium for your employees. 

Things to know before buying group health insurance for the hospitality industry

With the advent of the insurtech sector, you can easily buy insurance from the comfort of your home. You might get overwhelmed by the number of options available in the market, but there are some things you can keep in mind to make the purchasing decision easier. 

  1. Claim settlement ratio 

The CSR is simply the number of claims settled to the number of claims received. It proves the credibility of the insurer. 

  1. Network hospitals 

A long list of network hospitals means that your employees can easily locate one near their location. 

  1. Add-on benefits 

You can add many other benefits to your base policy at a minimum premium amount. Make sure to check the add-on benefits while purchasing a group health insurance policy. 

  1. Ease of endorsements 

Adding new employees should be a hassle-free process. Choose an insurer that does not involve a third-party administrator. 

Industry/ Hospitality 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 hospitality industry employees FAQs

Who are eligible for group health insurance?

Every employee above the age of 18 is eligible for group health insurance.

Why should health insurance be given to employees?

Providing health benefits to your employees will help you retain them for a longer period of time. The employees will feel comfortable in their jobs and their productivity will not be hampered in times of emergency.

Are there any exclusions in the group health insurance policy?

Yes, there are some exclusions in group health insurance policies like cosmetic surgeries and self-harm. You must check with your insurer to check the exclusions in your policy.