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Oil & energy industry - Overview

The companies involved in the drilling, refining, and exploration of oil and natural gas, are a part of the oil & energy industry. These companies primarily focus on producing and supplying energy in the form of natural gas and oils to the relevant companies. They provide fuel to the country and play a significant role in increasing the GDP of the Indian economy. 

The companies are divided on the basis of renewable and non-renewable energy sources. The renewable sources include wind power, solar energy, hydropower, etc. whereas the non-renewable sources of energy include petroleum, gasoline, and diesel among others. 

In India, around 4.5K companies are a part of the oil & energy industry, supplying various forms of energy to many other industries. The employees can be divided as - 

  1. 0 - 100 employees - 15.6K 
  2. 100 - 1000 employees - 34.8K
  3. 1000+ employees - 80.5K

Why buy group health insurance for the oil & energy industry?

The oil & energy industry is responsible for not just providing valuable resources to companies but also to distribute energy for various power plants. Not only your employees, but their family members will also benefit from a group health insurance policy.

  1. Financial protection

After the Covid-19 pandemic hit, health problems increase over time. Secure your employees' future by offering group health insurance to them. 

  1. Customized benefits 

You can customize your group health insurance to add or delete any benefit of importance. 

  1. Add-on benefits 

You can add benefits to your group health insurance policy at a low premium cost. 

  1. Employee retention 

Providing health benefits will also increase the employee retention rate of your company or organization. 

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Things to know before buying group health insurance for the oil & energy industry

Group health insurance has ceased to be a benefit but is now a necessity. In the aftermath of the pandemic, health-related has taken a sudden hit, mainly among senior citizens and children. To safeguard your employees and their families, offer a group health insurance plan. 

  1. Network hospitals 

With remote work culture, your employees are located geographically. Make sure to check the network hospital list to ensure that employees’ can locate a cashless network hospital near them. 

  1. Claims experience 

Manually settling claims could be a tiring process. Always check the claim settlement process with your insurer.

  1. Easy endorsements 

Manually adding employees and managing their data should be a seamless process. 

  1. Add-on benefits 

Your employees can opt for several add-on benefits at a lower premium cost to cover a lot of medical treatments within their policy. 

Industry/ Oil & Energy group health insurance reviews

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Group Health Insurance For Oil & Energy Industry group health insurance customer care number

For any queries or assistance, reach out to us at any time. We provide 24X7 customer assistance.

Group Health Insurance For Oil & Energy Industry group health insurance

Group health insurance for oil & energy industry employees FAQs

How many members of a family can be added to a group health insurance policy?

You can add your spouse, children, parents/in-laws to your group health insurance policy.

Can the sum insured be increased?

Yes, you can check with your insurance provider for the same. Pazcare has a Super top-up feature through which you can add family members and increase the sum insured for up to 20 Lacs.

Why is health insurance important to employees?

Your employees can get cashless treatment through a group health insurance policy. In case of an emergency, a group health insurance plan offers financial assistance to your employee and their family members.