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How Should Start-ups get Group Health Insurance?

vector image of people talking - Howshould Start-ups get Group Health Insurance?

This is the most frequently asked question by Start-up Owners.

Though it is not mandatory to offer Group Health Insurance to the Employees for white-collar Employees, the organizations provide this as a benefit to the Employees as every other organization is doing so.

Employees expect to get Health Insurance benefits from the Employer, as it comes with wider benefits in Group Health Insurance, which are not available in Individual Insurance Policies in India.

Firstly, it is important to determine what kind of Health Insurance that we should offer to Employees.

For employers, not only is it a good way to attract top talent but as you grow you will eventually be required to offer it.

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What to consider when planning for Group Health Insurance

Ø  Based on your location presence, first, arrive the sum insured to take care of maximum needs

Ø  It is always recommended to consult with an Insurance Broker to help negotiate with multiple Insurers & implement the policy

How many employees do you need to be considered a group?

Ø  Minimum 7 Employees are required to get a quote for Group Health Insurance

What benefits I should look at while offering a group health plan to my team?

It is very important to have the following benefits in your Group Health Insurance.

Ø  Pre-Existing Diseases covered from Day One

Ø  No waiting periods in the policy

Ø  Maternity cover from Day One

Ø  Room Rent is a critical part of Group Policy. Make sure that it is decently kept at a minimum of INR. 6000 or above. Otherwise, Employees may end up paying huge proportionate deductions at the time of claim

Ø  Newborn Baby covered from Day One

How much does a group plan cost?

The premiums vary from Insurer to Insurer, If you can take the help of an Insurance Broker, They will help you in giving you a comparison spreadsheet of various companies along with benefits.


The pandemic has made the entire world realize the fact that Health Insurance is important to protect us from financial havoc.

Offering Health Insurance in Group or an Individual basis is always a great benefit to the Employees.

You can reach us on Sarath.reddy@ethika.co.in


Susheel Agarwal

Susheel Agarwal

Susheel is a certified Happiness Coach, which enables him to help organizations develop healthy and happy workplaces. Years of extensive in-depth research by interacting with various leaders of happy & not so happy organizations, attending several Happiness and Leadership programs along with his own authentic experiences, Susheel has been successful in establishing a happy workplace. He currently works as a Thought Leader and a Passionate Coach, educating corporate leaders to do the same.

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