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Insurance 101: What are endorsements in Group Health Insurance
How endorsements can lead to better utilisation of your group health insurance.
By Pazcare
April 9, 2025
Group Health Insurance - For the oil & energy Industry
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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 -
- 0 - 100 employees - 15.6K
- 100 - 1000 employees - 34.8K
- 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.
- Financial protection
After the Covid-19 pandemic hit, health problems increase over time. Secure your employees' future by offering group health insurance to them.
- Customized benefits
You can customize your group health insurance to add or delete any benefit of importance.
- Add-on benefits
You can add benefits to your group health insurance policy at a low premium cost.
- 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.
- 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.
- Claims experience
Manually settling claims could be a tiring process. Always check the claim settlement process with your insurer.
- Easy endorsements
Manually adding employees and managing their data should be a seamless process.
- 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.
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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 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.
24X7 customer assistance for queries, assistance and claim support
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