Policy snapshot
A health insurance policy that provides medical coverage to a group of employees and their dependents under a single master policy.
What is Group Medi Claim (GMC)?
Group Health Insurance protects employees and their families from rising medical costs with cashless treatment and broad coverage. It's the most valued employee benefit in India today.
What can it cover?
- This policy covers expenses related to in-patient hospitalization, pre- and post-hospitalization treatment, day-care procedures, maternity and childbirth, and often includes newborn coverage from day one. Depending on the customization, it may also include coverage for COVID-19, certain critical illnesses, and wellness benefits such as health check-ups and doctor consultations
Who should consider it?
- Any company with 5+ employees, Startups, SMEs, large corporates, educational institutions etc.
Key features to understand
- {"heading": "Key Features", "bullets": ["Covers hospitalization (cashless/reimbursement)", "Maternity and newborn cover available", "Can include dependents (spouse, children, parents)", "Customizable with OPD, wellness, and dental/vision benefits", "No waiting periods for pre-existing diseases"]}
What deserves attention before you buy?
Coverage, exclusions, sub-limits, deductibles, waiting periods, warranties and underwriting can vary between insurers and policy versions. The policy wording and schedule remain the definitive contract. Novo can help you review the relevant terms for your requirement.
Read the wording, not just the brochure
The schedule and policy wording determine the actual contract.
Compare meaningful differences
Look at exclusions, limits, deductibles, conditions and claim requirements—not premium alone.
Think beyond purchase
Servicing and claims-related support can matter as much as placement.