In the guidelines released by the Ministry of Home Affairs, it has been made mandatory to have health insurance for workers, when restarting of operation starts from 20th April.
Some Workers covered under ESI may not be willing to go for ESI hospitals depending on the availability and facility, especially for COVID.
Seeing this situation, many insurance companies have launched a special drive and offered very competitive premiums for Health Insurance under group coverage. These premiums are almost 50% of normal premiums charged in the market.
Below is the summary of group health insurance policies:
Who are eligible?
Employees / Workers / Temp Contract Employees / Trainees between 18-60 years age
Only Employees are covered, their families are not eligible.
What is Covered?
Health Insurance for 50,000 or 1,00,000 Sum Insured as opted.
Pre-Existing Disease can be covered.
COVID -19 Treatments are covered.
All the workers in the organization are to be covered. Part selection is not allowed.
The addition of new employees and the deletion of resigned employees is done on a pro-rata basis.
Room Rent is covered for 2% of the sum insured as per option selected.
Pre and post hospitalization expenses are covered.
What is the premium payable?
Insurer (GST Extra)
50K without PE
50K with PE
100K without PE
100K with PE
ICICI has 15 days waiting for COVID. Religare premiums changes depending on the group size. Religare room rent is 1% of the sum insured. PE means Pre-existing cover.