Guide to Group Health Insurance With Maternity Cover
Guide to Group Health Insurance With Maternity Cover


Group Health Insurance

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Types of group health insurance

This is one of the common questions we answer especially when it is a first-time policy buyer.  There are 3 types of policies in group health insurance. They are,

Employee-only policy

In this, the employer only covers the employee and no involvement of the employee’s family. The employer can cover all employees including contractual employees.

Employee, spouse and children policy

In this case, the employer covers the employee, their spouse and their two children are covered. Anything more than two children, if added to the policy naturally increases the cost of the policy. With new laws coming into the picture by the Indian Government, the definition of spouse is now changing to the term partner. There are a lot of group health insurance companies that are friendly toward the LGBT community and want to provide insurance to their partner, which can also be included in this policy.

Employee, spouse, children, parents policy

In this case, the employer covers the employee, their spouse, children and two parents or in-laws. The employee can choose between in-laws and parents.

Why include parents in your group health insurance in 2022?

Companies today mostly consist of millennials as a part of their workforce. These millennials fall under an age group who aren’t married, so naturally, the best policy to opt for is the employee and parents policy. Healthcare benefits have become a crucial interest to employees after the onset of Covid-19.

Let us look at the various factors why you should include your parents in your GHI plan.

Helps in the competitive environment

In the competitive job market today, providing a group health insurance policy to employees and their parents will be a deal-breaker for candidates. This will help the company to stay on top of its talent acquisition and employer branding as well.

Parents are more susceptible to diseases

Looking from an emotional perspective, employees would prefer an insurance plan that promises to provide security for their parents as well. The reason behind this choice is the fact that parents are more susceptible to diseases as they age.

Increase in rate of retention

When you club employee benefits with a good organizational culture, it can be a significant way to reduce attrition.

Pocket-friendly cost

As much costly as a standalone policy can cost, a corporate medical insurance allows way lesser premiums with comprehensive benefits as well. So much so, that even pre-existing diseases are covered under the policy from day 1.

Frequently asked questions

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Types of group health insurance