20 smart questions HRs must ask their brokers before buying group health insurance
Hidden Costs? Ask These 20 Questions Before Buying Group Health Insurance
By Pazcare
May 5, 2025
Group Health Insurance - For the Wholesale Industry
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Wholesale Industry - Overview
The wholesale industry focuses on the sale of final products of various industries in bulk. It essentially means the purchase, storage, and distribution of products like garments, equipment, jewelry, crockery, fresh produce, glassware, etc. The wholesale workers require large warehouses to store the products and distribute them as per requirements.
It is a business-to-business industry that caters to varied business needs. The industry also includes transportation for the stored goods through trucks or heavy-built vehicles. There are about 4K companies all over India which deal in wholesale department. They store the finished products or equipment at their warehouses, to be distributed to the factories or companies in bulk. Not many people are involved in this industry. Only about 3.8K people are employed in companies having less than 100 employees. Whereas, 100-1000 employee companies have 1.2K people on their payroll only. Large scale companies are limited as only around 700 people are employed in companies having more than 1000 employees.
Why buy group health insurance for the wholesale industry employees’?
- Employee retention
Offering employees health benefits will help in improving the retention rate as they will be relieved from any financial stress which can come due to a medical emergency.
- Tailor-made benefits
You can customize the group health insurance policy according to your employees. It simply means that you pay for what you choose.
- Employer branding
Providing health insurance benefits with other benefits will go a long way in generating goodwill and attracting and retaining talents.
- Improve job satisfaction
Your employees are likely to be more satisfied in their work after knowing that their family is secured if a medical emergency knocks at their door.
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Things to know before buying group health insurance for the wholesale industry
- Exclusions of the policy
Always check the exclusion list of your group health insurance policy before making the payment to avoid unnecessary problems in future.
- Inclusions of the policy
Make sure to check what is included in the group health insurance like pre- and post-hospitalization expenses, day-care treatments etc.
- Add-on benefits
The add-on benefits will come in handy as through them, you can cover a lot of other medical problems on top of your base policy at an affordable extra premium.
- Claim settlement ratio
CSR is important because it acts as an insight into your chosen insurer.
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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 wholesale industry employees FAQs
Who pays the premium in group health insurance?
The group health insurance premium is paid by the employer only.
Can parents be added to group health insurance?
Yes, you can add parents/in-laws, spouses, and children to your group health insurance policy.
How many times can group health insurance be claimed in a financial year?
The group health insurance can be claimed for as long as the sum insured doesn't get exhausted.
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