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Group Health Insurance 502 views May 27, 2021
Want to provide health insurance coverage to your employees under a single policy? Liberty Group Health Insurance Policy provides the same to the members or employees under a common group and can also be customized according to their diverse needs. This plan provides coverage against the rising healthcare costs related to hospitalization, day care procedures, emergency ambulance charges, etc.
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Let’s check out the noticeable features of Liberty Group Health Insurance Policy mentioned below before understanding further about the plan.
On this page, we will discuss these features of Liberty Group Health insurance Policy in detail, its eligibility criteria and exclusions.
Table of Contents
Liberty Group Health Insurance Policy protects the finances of members in a group in a medical emergency. We are showing the features of this plan below. Have a look!
Policyholders can choose this plan from Liberty Insurance on an individual and family floater basis (also includes children over 3 months of age). Here, the family includes spouse, children, dependent parents/parents-in-law, and siblings.
The minimum sum insured under Liberty Group Health Insurance Policy stands at INR 50,000, while it can go up to INR 10,00,000. Policyholders can choose a sum insured according to their affordability. Also, the sum insured amount can be increased at the time of renewal of the policy.
If a policyholder needs hospitalization (more than 24 hours) due to a disease or illness or accidental injury during the policy period, the policy will provide coverage against the following expenses during hospitalization up to the sum insured.
Liberty Group Health Insurance Policy provides coverage against pre-and post-hospitalization expenses incurred on an ailment/ disease/ injury (which is not different from the one for which hospitalization was necessary). The cover will be up to the sum insured limit, and Liberty Insurance must have accepted the claim under an in-patient hospitalization as well as Day Care Treatment.
If an insured person is undergoing a procedure or surgery (less than 24 hours) in a hospital or a specialized day care center (but not in the Outpatient department of a hospital), this policy will cover the expenses on such procedures.
During the policy period, if a policyholder needs to be transferred to the nearest hospital with adequate emergency facilities after accidental injury/ illness/ disease, the policy will pay up to INR 2,500 per hospitalization per policy period.
If a policyholder is undergoing medical treatment at home (for at least 3 continuous days) due to unavailability of a hospital bed or some other genuine reason, Liberty Group Health Policy will reimburse the treatment expenses up to 10% of the sum insured.
However, the domiciliary hospitalization benefit will not cover expenses incurred on pre-and post-hospitalization treatment and any of the following diseases.
This group health insurance plan from Liberty General also provides the following optional add-on covers that can benefit policyholders. Have a look!
You can also get a discount on your premium according to the total number of insured persons in a group under the policy at the inception. You can increase or decrease the size of the group during the policy every month. To know more, check the below table.
Number of Insured Persons under the Group Policy | Group Discount (in percentage) |
---|---|
Up to 100 | 0 |
100 - 250 | 2.5 |
251 - 500 | 5 |
501 - 1000 | 7.5 |
1,001 - 2,000 | 10 |
2,001 - 5,000 | 12.5 |
5,001 - 10,000 | 15 |
10,001 - 15,000 | 20 |
15,001 - 25,000 | 22 |
25,001 - 50,000 | 25 |
Above 50,000 | 30 |
Have a look at the conditions related to the eligibility criteria of the Liberty Group Health Insurance Policy mentioned below.