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Group Medical Accident

Deciding the group medical policy can be quite the hassle for you. How can one take the best call?

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Group Medical Insurance Policy

If you thought that a health insurance plan can be availed only by an individual and his family, think again. There are group mediclaim plans as well which offer coverage to the members of a registered group. If you are also a part of a registered group and your group has bought a mediclaim policy, you can also enjoy health insurance coverage under the group medical insurance policy. Let us understand the policy in details.

Features of a group medical insurance policy

A group mediclaim insurance plan has various unique features which are as follows:

Eligible groups

A group, to avail a medical insurance policy for its members, has to be registered and recognized. The members must not form a group only for the purpose of insurance. Some commonly accepted groups which can buy group medical insurance policy include:

  • Employer-employee groups
  • Clubs
  • Trade unions
  • Societies, etc.

Policy issued

One policy is issued covering all the members of the group. The policy is called a Master Policy and is issued for one year. After every year, the policy has to be renewed.

Sum Insured

The Sum Insured offered under a group mediclaim policy is usually limited in nature. It might be different for every member or a flat cover for all members. The Sum Insured can also be uniform across members in a particular level in the group.


The best part about group mediclaim policies is the lower premium rates. Premiums are lower in group plans than in individual health insurance plans


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