The Group Medical policy covers expenses by the insured persons & family members covered on account of hospitalization due to sickness or accident.
Any Group/Association/Institution/Corporate body can take Group Mediclaim Policy for their employees and their family. A policy is having family wise Sum Insured for one Year which employee and his family can avail in case of hospitalization and Day Care Procedure.
A policy is also called Group Mediclaim Tailormade Policy because bundle of coverage can be added/customized as per Group/Association/Institution/Corporate interest/requirement.
It is often included in employer benefit packages as a means of enticing quality employees.
The policy covers expenses incurred on
- Room rent, medicines, surgery etc. Expenses for hospitalization
- Payable only if a 24 hour hospitalization has been taken (Except for named day care procedures, which do not require a 24 hour hospitalization).
- Typical expense heads covered are the following: room/boarding expenses as provided by the hospital or nursing home; nursing expenses; surgeon, anesthetist, medical practitioner, consultant, specialist fees; anesthesia, blood, oxygen, operation theater charges, surgical appliance, medicines and drugs. diagnostic material and X-Ray; dialysis, chemotherapy, radiotherapy, cost of pace maker, artificial limbs and cost of organs and similar expenses.
- This policy can be issued to individuals & Corporate & there can be tailor made policy according to the requirement of the clients.
Coverage: This policy covers expenses of hospitalization arising due to any diseases, illnesses & accidents.