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Health Insurance for Workers is made mandatory by Government

Health Insurance for Workers is made mandatory by Government

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.

Normally in a Factory/ Manufacturing premises, the workers are covered under Workmen Compensation for occupational hazard and not for medical insurance.

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 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.

Ambulance Covered.

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)

ICICI Lombard

Religare

Reliance

50K without PE

999

622

950

50K with PE

1215

 

1325

100K without PE

1468

735

1550

100K with PE

1722

 

1850

 

 

Notes:

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.

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