Group Mediclaim Insurance lets employers provide hospitalisation cover to all employees (and often their families) under a single master policy — a core employee benefit that supports your team during medical emergencies. CoreLink Finance helps businesses set up and manage the right group health policy.
Group pricing is typically more economical than employees buying individual health policies.
Most group health plans cover employees without individual medical tests or waiting periods for pre-existing conditions.
A valued, visible benefit that supports employee wellbeing, retention, and your employer brand.
Group Mediclaim Insurance is a single master health policy taken out by an employer (or an association) that covers all eligible employees, and often their spouse, children, and sometimes parents, under one umbrella. If a covered member is hospitalised, the insurer settles or reimburses the medical expenses as per the policy's sum insured.
Because the risk is pooled across the whole workforce, group health premiums are typically far lower than individual policies for the same cover, and most plans don't require individual medical tests or impose waiting periods for pre-existing conditions — a major advantage over buying cover individually.
Group Mediclaim is one of the most common and valued employee benefits, often forming the core of a company's health and wellness offering alongside Group Term Life.
One policy covers the entire eligible employee base, simplifying administration for HR.
Most group plans waive the usual waiting period for pre-existing conditions.
Extend cover to spouse, children, and sometimes parents, at the employer's or employee's cost.
Employees get treated at network hospitals with bills settled directly by the insurer.
Pooled risk across the group typically means significantly lower premiums than individual plans.
New joiners are added and exits removed through simple endorsements to the master policy.
Employees can often opt for additional cover beyond the company-provided base sum insured.
The employer pays a single consolidated premium, usually renewed annually.
| Sum Insured | Employee Only | + Spouse + Children | + Parents |
|---|---|---|---|
| 3 Lakhs | ₹3,200 – 4,500 | ₹7,500 – 10,500 | ₹14,000 – 19,500 |
| 5 Lakhs | ₹4,800 – 6,800 | ₹11,000 – 15,500 | ₹20,000 – 28,000 |
| 10 Lakhs | ₹7,500 – 10,500 | ₹16,500 – 23,000 | ₹30,000 – 42,000 |
*Indicative figures per annum, for a sample profile. Actual premiums depend on group size, average age, family composition, claims history, and insurer. GST applicable as per prevailing rates.
At CoreLink Finance, we don't just help you buy a policy — we actively support you through the claim process by coordinating with the insurer, guiding documentation, and following up for a smooth experience.
We help you choose the right insurer and policy based on claim settlement ratio, reliability, and your profile.
Before policy issuance, we ensure all your personal, financial, and medical details are accurate and properly declared.
We guide you in filling out proposal forms correctly, so no hidden or incorrect information gets submitted.
In case of a claim, you get a personal claim expert who handles the process — from documentation to settlement.
We actively coordinate and follow up with insurers to ensure quick and smooth claim processing.
Our team checks all documents before submission to avoid technical errors that often lead to delays or rejection.
HR teams can follow these steps to make sure employee health claims go through without friction.
Keep the insurer's records of covered employees and their dependents current at all times.
Ensure employees receive their health insurance ID cards soon after joining, for use at network hospitals.
Update the insurer whenever employees join or leave, so coverage reflects the current team.
Make sure employees know how to find network hospitals and raise cashless or reimbursement claims.
Designate an HR representative who can help employees coordinate with the insurer or TPA.
Assess claims experience and employee feedback each year to keep the plan relevant.
Group Mediclaim is ideal for any organisation that wants to support its workforce's health. Consider this if you are:
An employer looking to offer a core health insurance benefit to staff
Building a competitive employee benefits package for hiring and retention
An HR or finance team wanting simplified, centrally-managed health cover
Wanting to reduce employees' dependence on individual health policies
An association or trade body wanting to cover its registered members
Looking for cost-effective, comprehensive health cover compared to individual plans
Talk to CoreLink Finance for honest, no-obligation guidance on setting up Group Mediclaim for your organisation.
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