A group health insurance policy offers coverage to a group of people. The coverage is provided to all the group members and other dependent family members such as dependent parents, spouse and the children.

Usually, a group health insurance cover is offered by the organizations, banks, business groups, housing societies and employers to their employees and the cost of the premium is borne by the organization itself.

1. Default Health Insurance Cover
2. Low-Cost Affair
3. Pre-medical Screening is not required

1. Lower cost on Premiums
2. Tax Benefit
3. Employee Retention and Loyalty
4. Motivates Employees
5. Flexibility to Pay the Premium

1. Usually, a group health insurance plan offers a fixed amount of sum assured that covers the cost of
   accidental hospitalization, medical treatment of specified diseases and the likewise.
2. Family members can also be covered in the same plan, depending on the type of the policy and the
   employer.
3. The sum assured is based on the salary package and it varies from one company to another. To
   increase the sum assured amount, an extra amount of premium needs to be paid.