Group Health Insurance and Employee Wellness Benefits

The pandemic has left a trail of devastation in people’s lives. Many companies switched to work from home owing to the safety of employees. However, it took a toll on both mental and physical health of the employees because of long work hours and increased screen time. The rise in the number of Covid cases and exorbitant hospital bills made us realize the importance of health insurance at the time of a medical emergency. Considering this, providing employees with flexibility for health, safety and self-care became the utmost priority for not just blue-chip corporates but for start-ups as well. From providing group health insurance that covers the costs for hospitalization to organizing vaccination drives, corporates across the country have stepped up their employee welfare game. 

Group health insurance is a customisable health insurance plan provided by the employer to employees and their dependents. This plan covers ailments related hospitalization, accidental hospitalization, covid-19 hospitalization etc. In addition to this, it also provides benefits such as daily hospitalization cash cover, maternity benefits, critical illness cover, mental health support and  cover treatments like organ donor expenses, infertility treatment etc. Thus, providing an all inclusive group health cover to the employees ensures that you care for them and it is one of the most efficient employee retention tools. 

Taking this into consideration, Policybazaar has co-created low cost wellness-oriented health insurance plans with insurer partners that are backed by a technology based platform for employers and employees. The focus is to simplify group health insurance by introducing features like online claim filing, two click process, five minutes deployment of the policy to employees, mental health support etc. Through this app, one can have access to tele consultations, online and offline fitness classes, Yoga training, discount on lab tests and a host of other benefits to the employees. 

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