This is a Health Insurance plan that is designed for a group of people sharing or doing similar economic activity. Usually the Group Medical Insurance is for employees of a company with their immediate families members as planned/agreed by the employer.
Types of Group Medical Insurance:
SME for Small and Medium Enterprises: with minimum members between 5 or 7 or 9 to 20 members (depending on the insurer’s regulations).
Large Group Medical Insurance starting from members more than 20.
Group Medical insurance includes the following coverages:
Includes death or Bodily injury as a result of an accident or unforeseen event.
Critical Illness plans provide financial protection to individuals following the diagnosis or treatment of an illness deemed critical. This cover includes conditions such as: Cancer Diabetes HIV/AIDS Heart Attack Stroke Kidney Failure Coma
In the unfortunate, but certain event of death, your family or dependents should not have to worry about the money to organize the funeral and other expenses for burial. The cover ensures that a lump sum is paid upon the death of an insured person. This provides both financial and practical help your your loved ones/dependents in the future.