Also Read | Inside the mad scramble to comply with the new labour codesLet's take a closer look at several advantages of having group health insurance from your employer.What is group health insuranceAlso known as group mediclaim policy or corporate health insurance, a group health insurance policy offers coverage to a group of people.
In organizations, employers offer this policy to build trust and loyalty within employees. In this case, the premium amount is borne by the employer.Some of the advantages of group health insurance which can benefit employees are:Free health insurance coverageA group health insurance base policy is purchased by the employer and is free of cost to the employee.