Group Health Insurance in Hyderabad

Any organization, startup, cultural or social establishment, or any group with a common interest can purchase a group health insurance policy. According to the insurance regulator, any company or group with at least 20 members can buy a group health insurance plan. Any business that consists of 2 or more employees can opt for Onsurity’s group health insurance plans. Onsurity offers healthcare plans to startups, SMEs (Small and Medium sized Enterprises) growing businesses, helping them protect their employees from financial burdens during times of medical emergencies.

Any company that has a minimum of 2 or more employees can qualify for Onsurity’s healthcare membership. Onsurity works with more than 10,000 companies pan India and has touched over two million lives.

Group Health Insurance is provided to an employee by an employer where premiums are either entirely borne by the employer or divided between the employer and employee. It offers standardized benefits across all employees covered under the policy. Individual insurance policy, on the other hand, requires an individual to choose a policy based on their own needs and pay the premium out of their own pocket.

Onsurity’s group health insurance extends coverage to a wide array of pre-existing conditions, including diabetes, asthma, thyroid issues, hypertension, and numerous others. However, based on the group size and average age of the group, there could be a short waiting period applicable for pre-existing diseases.

The waiting period can vary based on the type of healthcare plan opted for and the specific terms and conditions associated with it. The longest waiting period often relates to pre-existing conditions, ranging from 24 to 48 months (about 4 years). However, with some of Onsurity’s group healthcare plans, you can get your team’s health secured from day 1.

Employers become eligible for tax benefits under the Indian Income Tax Act, 1961, when they pay premiums towards employees’ insurance coverage. Premiums paid are considered under the company’s expenses. However, it’s advisable to check with the insurer or the intermediary about the kind of tax benefits that are available for the plan opted by you.

Yes. Onsurity was designed for exactly the mix of employers Hyderabad has — early-stage startups, fast-scaling SaaS companies and global capability centres. With cover from two employees, no medical check-up, instant digital onboarding and a cashless network across the city, both a lean startup in Gachibowli and a growing GCC in HITEC City can activate a plan within days.