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82
25 lacs / Unlimited
2.59
285,524
18/65
5/62
37,487
96.90%
* - As per IRDAI data - The solvency ratio of an insurance company is the size of its capital relative to all the risk it has taken, which is all liabilities subtracted from total assets. In other words, solvency is a measurement of how much the company has in assets versus how much it owes | ** - as per L-25 Public Disclosure of Insurance Companies for 2019-20 | *** - Claims Settlement Ratio = Claims Settled in the year / Claims Reported in the year - as per IRDAI data published.
Group insurance is like a safety net that catches a lot of people at once. If you’re part of a company, professional group, or any organisation, you’re covered under one big umbrella policy. It’s an efficient way to ensure everyone has some level of insurance protection together.
Group insurance is like a bulk deal, where the cost of coverage for everyone in the group (like your work team) is usually taken care of by your employer. It’s a part of your work perks! For individual insurance, you’re the one managing and paying for your plan directly. It’s a bit more personal and tailored to your specific needs.
Absolutely! You can mix and match benefits to meet the requirements of your group. Just remember, once you decide the mix, everyone in the group gets the same level of coverage, making it fair for all, regardless of their role, age, or background.
Yes, in today’s world, especially after COVID-19 shook us all, it’s now strongly recommended for employers in India to provide group medical insurance to their teams. It’s all about keeping everyone covered and secure.
Definitely! While it's a great benefit for the team, employers aren’t left out. The premiums paid for group insurance can reduce taxable income for the company.* However, this tax-saving superpower doesn't extend to employees or group members in this case.
