A Group Health Insurance Policy provides reimbursement for the hospitalisation expenses incurred by the employees during the Policy Period. Group Health Insurance Policies are a popular choice for many companies as they provide coverage for a group of people at affordable premiums.
What is SBI General Group Health Insurance Policy?
SBI General Insurance Company is one of the leading insurance companies in India for Group Health Insurance Policy for employees. SBI General Group Health Insurance Policy is purchased by employers to insure their employees against the risk of high medical bills arising out of unexpected illnesses, injuries or accidents. The Policy covers expenses incurred by the Insured towards Room Rent, Doctor’s Fees, Surgery, Medicines etc
What are the Key Features of SBI Group Health Insurance Plan?
SBI Group Health Insurance Policy is comprehensive Group Health Insurance Policy providing the following coverages:
Coverage for Hospitalisation Expenses
One of the key features of the SBI General Group Health Insurance Policy is its coverage for hospitalization expenses. Hospitalisation Expenses includes expenses for Room Rent, Doctor’s Fees, Nursing Charges, Pharmacy Charges, Surgery Charges, and other medical expenses incurred.
SBI General Group Health Insurance Policy has a provision to provide a GMC Policy without any Room Rent Capping.
Coverage for Pre and Post-Hospitalisation Expenses
In addition to Hospitalisation Expenses, SBI General Group Health Insurance Policy Coverage includes cover for Pre and Post-Hospitalisation Expenses incurred for the Insured Employee for a period of 30 days and 60 Days respectively.
Coverage for Domiciliary Hospitalisation
SBI Group Health Insurance Policy provides coverage for expenses incurred towards Domiciliary Hospitalization exceeding 3 days up to 20% of the Sum Insured or a maximum of Rs.20,000 whichever is lesser.
Cashless Claims Settlement
SBI General Group Health Insurance Policy offers Cashless Hospitalization facilities across a network of more than 6,000 network hospitals across India. The insured person can avail of cashless hospitalization by showing their health card at the network hospital. As a result, the Insured Employee does not have to pay any money out of his own pocket and the claim is directly settled by SBI General Insurance Company with the Hospital.
Coverage for Pre-Existing Diseases
SBI General Group Health Insurance Policy covers Pre-Existing Diseases without any waiting period. Pre-Existing Diseases are covered from Day 1, which is a big benefit of Group Health Insurance Policy.
Maternity Benefits
SBI General Group Health Insurance Policy provides coverage for maternity expenses including pre and postnatal care, delivery expenses and new-born baby cover. This is very helpful for female employees as well as spouses of male employees.
Coverage for Day Care Procedures
SBI General Group Health Insurance Policy covers a wide range of daycare procedures like cataract surgery and tonsillectomy that do not require hospitalization.
Tax Benefits
Employers can claim deduction for the Premiums Paid towards SBI General Group Health Insurance Policy for Employees. The Tax Benefits of a Group Health Insurance Policy make it an attractive option to provide employee benefits for employers.
What is the Eligibility Criteria for SBI Group Health Insurance Policy?
Usually, Employers purchase SBI Group Health Insurance Policy for Employees. However, other non-employee groups like customers of a bank, members of a club or a professional association can also purchase the Group Health Insurance Policy
How to purchase a SBI Group Health Insurance Policy for Employees?
Qian is a licensed Group Health Insurance Broker and can assist you to purchase a Comprehensive Group Health Insurance Policy for Employees. Employers need to follow the below mentioned steps to purchase a SBI Group Health Insurance Policy for employees:
Contact Qian: If you wish to purchase a SBI Group Health Insurance Policy for Employees, contact the Group Health Insurance Team at Qian by mailing them at insurance@qian.co.in. Provide them with the employee data such as employee name, age and gender.
Finalise Coverage and Quote: The second step is to finalise Group Health Insurance Coverage based on the budget and requirements. The team at Qian will provide you with quotes from top Group Health Insurance Companies in India so that you can finalise the policy
Onboard Employees: After purchasing SBI Group Health Insurance Policy, the team at Qian will assist you with the onboarding process for employees, share E-Cards and also assist you with the entire Claims Process in Group Health Insurance Policy.
Is Medical Check-up Required Before Buying SBI General Group Health Insurance Policy?
SBI General Group Health Insurance Policy does not require pre-medical check-up for any of the Insured Employees. This is a big advantage of SBI Group Health Insurance Policy.