A Group Medical Insurance policy is purchased by an employer in corporate level for employees who are eligible in a company. This is an employee benefit package that provides employers; a group medical insurance plan that may also provide cover to their family members.
Key Features: These policies may cover boarding expenses apart from surgeon, anesthetist and consultant fees; charges for anesthesia, even oxygen and diagnostic materials in addition to X-rays and dialysis cost among others as well.
What is covered:
Offer cashless facility and direct settlement of bills with the hospital.
Offer to cover previous and post-hospitalization charges for a specific period.
Extend cover for pre-existing diseases after payment of extra premium.
Some policies may offer maternity benefits.
Less than 24 hours hospitalization for certain procedures such as chemotherapy, eye surgery and tonsillectomy among others.
Some of the optional benefits include waiver of waiting period, first year exclusions besides reimbursement of ambulance charges among others.
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