Corporate Health Insurance
A Corporate Health Insurance Policy is a type of insurance that provides coverage to an employee employed by an organization and protects them against a range of health-related challenges, such as illnesses, accidents, and various health issues. Essentially, Corporate Health Insurance functions as a Group Health Insurance Plan, with employees collectively insured under a single policy.
Before the COVID-19 pandemic, it was not compulsory for companies to offer health insurance to their employees. Nonetheless, some companies offered a basic health insurance plan as a prerequisite to attract and retain top professionals for their association with the company. After the COVID-19 pandemic the insurance regulator, IRDAI, has introduced a mandate regarding health insurance for employees. According to this mandate, companies operating with an active workforce are now required to provide health insurance with an appropriate sum insured.
Features of Corporate Health Insurance Policy
These policies offer a range of features to address the unique healthcare needs of employees and their families. At Money Marche, we understand the importance of comprehensive corporate health insurance, and our policies offer the following key features:
Key Considerations While Buying Corporate Health Insurance Policy
Few things to be kept in mind while choosing a health insurance plan for your employees.
What is not included in the Corporate Health Insurance Plan
Following are the exclusions of a Corporate Health Insurance Policy.
End of Employment: When an employee is terminated, the health insurance coverage provided by the company will also end.
Health-Related Exclusions: The corporate insurance plan does not cover certain health issues such as self-inflicted injuries, undisclosed pre-existing conditions, or addiction to alcohol or drugs. These exclusions are in place because they are considered medical situations that might result in job loss.
Covered Situations Only: Employees can only make a claim for situations or conditions that are specifically mentioned in their Corporate Health Insurance Policy. If a situation is not included in the policy, the insurance will not cover it.
Customized Corporate Health Insurance Plans with Money Marche
At Money Marche, Corporate Health Insurance Plans are flexible and customizable. We offer you the option to select and combine coverage options that align perfectly with your unique objectives and requirements.
Tailored Coverage
We will tailor the coverage to meet the needs of your employees. You can choose the types of coverage, the network of healthcare providers, and the level of benefits.
Cost-Effective Solutions
Our team will work with you to find cost-effective solutions that provide the best value for your investment. We’ll help you strike the right balance between comprehensive coverage and affordability.
Streamlined Administration
We make managing your corporate health insurance plan as simple as possible. Our digital tools and dedicated support team will assist you in streamlining administration and make it easy to handle enrollment, claims processing, and ongoing management.
Contact Us
- HS-1, Unit 5B, Kailash Colony, New Delhi 48
- +91-8506088996
- investments@moneymarche.com
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You can learn more from our asked questions
In some cases, you may have the option to continue your health insurance through COBRA (Consolidated Omnibus Budget Reconciliation Act) for a limited period after leaving your job. However, this usually involves full premium payment.
It varies by company. Some employers cover the entire cost of health insurance for their employees, while others require employees to contribute to the premium cost.
It depends on the employer's policies. In most cases, full-time employees are eligible, but part-time, temporary, and contract workers may also be covered depending on the company's policy.
It varies by employer and can depend on company policies. Some employers cover the full premium, while others may require employees to contribute a portion of the premium cost.
Health insurance can attract and retain quality employees, improve overall employee well-being and productivity, and also provide tax benefits to the employer.
Yes, employers can offer different plans to various employee groups, provided they comply with anti-discrimination laws and the terms of the insurance provider.
