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Group Personal Insurance: protect your employees with a single plan

See how Group Personal Insurance covers your employees against accidental death, disability, hospitalisation, and other personal risks under one affordable policy.

Premium starts at ₹1,200 per employee Excluding taxes. Terms and conditions apply.

Employees protected by group personal insurance

Benefits

  • Covers employees against accidental death, disability, and hospitalisation
  • No medical check-up or individual underwriting required
  • Covers pre-existing conditions from day one in most plans
  • Affordable group rates with a single premium for all employees

What is Group Personal Insurance?

Group Personal Insurance is a bundled insurance policy that covers a group of people — typically employees of an organisation — against personal risks such as accidental death, permanent disability, hospitalisation, and critical illness. It is bought by the employer for the benefit of its employees.

The policy provides a single, affordable cover for all members without individual medical underwriting. It is one of the most valued employee benefits and helps attract, retain, and protect talent.

Examples

Employer-sponsored cover: An IT company buys Group Personal Accident and Group Health cover for 200 employees. Any employee hospitalised after an accident is covered under the same policy.

Association cover: A trade association buys Group Personal Insurance for its members, giving small business owners and self-employed professionals access to affordable personal cover.

Group term life with personal accident: Many employers combine group term life with personal accident and health cover, giving employees complete protection in a single policy.

How Group Personal Insurance works

  1. Form the groupEmployer or association identifies members to be covered.
  2. Choose the planSelect the covers — GPA, GMC, GTL, or a combination.
  3. Pay one premiumThe employer pays a single premium for the entire group.
  4. Pool the riskPremiums from all members fund the claims of any one member.
  5. Use the coverMembers get covered for hospitalisation, accident, or death as per plan.
  6. Make a claimSubmit a claim after an event. The insurer pays the hospital or the nominee.
  7. Get cashless treatmentAt network hospitals, members pay nothing upfront for covered treatment.

Who should buy Group Personal Insurance?

Employers and associations. Any organisation with employees or members can buy Group Personal Insurance. It is a core employee benefit that improves satisfaction, reduces attrition, and protects the workforce against unexpected personal risks.

Frequently Asked Questions

Group Personal Insurance is a bundled policy that covers a group of people — usually employees — against personal risks such as accidental death, disability, hospitalisation, and critical illness. It is important because it provides affordable, comprehensive protection to the entire workforce under a single policy without individual medical underwriting.
Group Personal Insurance typically bundles Group Personal Accident (GPA), Group Mediclaim (GMC), Group Term Life (GTL), and sometimes Group Critical Illness cover. Employers can choose one or more of these covers based on their budget and employee needs.
Covered members typically include employees, their spouses, children, and in some cases, dependent parents. Some policies also cover contract workers, interns, and retired employees, subject to insurer terms.
No, it is not legally mandatory for all employers. However, group health and personal accident cover is often expected by employees and is a standard benefit in most organised sectors. It improves employee satisfaction and reduces attrition.
Yes, in most Group Personal Insurance plans, pre-existing conditions are covered from day one, unlike individual policies that have waiting periods. This is one of the biggest advantages of group cover.
Group Personal Insurance covers multiple people under a single policy with one premium and no individual underwriting. Individual insurance is a standalone policy with its own premium, underwriting, and waiting periods. Group cover is more affordable and easier to administer.
Yes, the premium paid for Group Personal Insurance is generally tax-deductible as a business expense under Section 37(1) of the Income Tax Act. Employees may also get tax benefits under Section 80D for health cover premiums.
Yes, most Group Mediclaim and Group Personal Insurance plans cover COVID-19 hospitalisation, testing, and treatment, unless specifically excluded. It is important to check the policy wording for pandemic-related exclusions.