Everything you need to know about group Insurance plans by HDFC ERGO
Corporate insurance policies (health insurance, accident insurance and travel insurance) have become an important aspect that many people look for before joining any company. Therefore, many employers are now taking initiatives and offering different kinds of insurance coverage to their employees.
A group insurance plan is the one that covers a given group of people under a single insurance policy. It can be opted for by either employer-employee groups or a group belonging to similar social or cultural association, people holding same credit cards, savings account, etc as per the group insurance guidelines given by IRDA.
Benefits of Group Insurance Plans
- You can secure all the members of your organization under one single plan. There is no hassle of maintaining different insurance policies for every individual working for you.
- The plans can serve as an incentive to the people associated with you. Based on their salary slabs or their contribution to the organization, you can have different coverage slabs for them.
- If you are an employer, group insurance policies can help you meet your statutory obligations as well as earn returns on them.
- The premium paid for the group insurance plan can help you avail tax benefits and save money.
Group Insurance Policy at HDFC ERGO
HDFC Ergo understands the risks your employees might face and our group insurance policy plans are designed to mitigate the risk. We provide comprehensive coverage for everything from health insurance coverage to personal accidents as well as business travel. We ensure that all your insurance needs are taken care of at one place so that you as well as your employee can work on expanding your business rather than taking care of risks.
You can opt for HDFC ERGO’s any or all of the policies under the Group Accident & Health insurance plans,
Travel is an essential part of any business. And the risks associated with travel cannot be ignored. HDFC ERGO’s group travel insurance provides you with a range of travel benefits that cover the traveller for any accident, sickness, theft, property loss and even medical emergency occurred during travelling.
There are several advantages of buying group insurance policy vs individual insurance policy, especially when it comes to health insurance. Group medical insurance policy by HDFC ERGO offers comprehensive coverage even for existing diseases. The waiting period is less and the claim settlement is easy, fast and hassle-free.
Preparation is better than cure and when it comes to business, it is best to be prepared for the worst and buying group personal accident insurance is a crucial step towards being prepared. It provides monetary compensation in case of permanent disability, death or medical expenses for prolonged treatment caused due to the accident.
Disclaimer: The above information is for illustrative purpose only. For more details, please refer to policy wordings and prospectus before concluding the sales.