Health

How Do Corporate Health Insurance Plans Work

Everyone is working to balance personal and professional responsibilities in today’s workplace culture. Maintaining a healthy lifestyle is essential to juggling your personal and professional obligations, and making some short-term health-related investments can pay off in the long run.

Let’s now examine the operation of corporate health insurance.

Corporate Health Insurance: What Is It?

Corporate employee health insurance is a type of employer-sponsored insurance program provided by businesses and employers to their employees. Simply put, it is an employer-sponsored group health insurance program that protects the employer, the company, and the employees. Corporate health insurance plans include hospitalisation, critical illness coverage, maternity coverage, and other benefits. Claims are subject to terms and conditions set forth under health insurance policy.

What Are Covered By Corporate Health Plans?

Corporate health insurance offers employees a flexible health insurance plan to give them financial and medical security. It demonstrates your concern for and willingness to invest in your employees’ futures by funding corporate health plans. What can corporate health insurance plans cover, then?

  • Additional Health Coverage: Employees with access to corporate health insurance plans can include more family members in their health insurance coverage. They are given additional cover and protection as a result of this.
  • Coverage For Pre-Existing Conditions: Some employers provide health insurance coverage for pre-existing conditions, including chronic illnesses and diseases with risk factors like diabetes, hypertension, etc. These coverages and benefits are available to the employee from the first day of employment. Claims are subject to terms and conditions set forth under the health insurance policy.
  • Maternity Coverage: Some employers provide comprehensive maternity health insurance to female staff members and male employees’ partners, families, and dependents. These benefits also cover the costs of childbirth. Claims are subject to terms and conditions set forth under the health insurance policy.
  • In-Patient Network Hospital Service: An employee of the company or a dependent may need to be hospitalised in the event of an accident, an unplanned incident, surgery, or radiation. All such in-patient network hospital services at network hospitals are covered by Bajaj Allianz corporate health insurance.

Pre And Post-Hospitalization Expenses: To give patients the ideal care possible, doctors perform several medical tests before a patient is admitted to the network hospital.

  • Day Care: Thanks to advances in technology and medicine, specific procedures can now be performed in a daycare setting and do not require lengthy network hospital stays. *
  • Emergency Ambulance Charges: Corporate health insurance also covers the costs of ambulances that transport patients to or from network hospitals in emergencies. *
  • Domiciliary Hospitalization: This benefit allows your employee or their dependents to be covered even when receiving treatment at home. Many corporate health insurance plans offer it.

What Is The Process For Corporate Health Insurance?

Corporate health insurance is distinct from individual health insurance plans in that the latter are bought by people for themselves (and frequently their families) without the help of their employer or employers’ companies.

Since corporate insurance plans for employees are frequently less expensive than individual ones, many people choose to use them. Risk insurers provide incentives like concessions and specialised goods to help lower overall healthcare costs. ##

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* Standard T&C Apply

## All savings are provided by the insurer as per the IRDAI-approved insurance plan. Standard T&C apply.

Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.

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