Corporate Health Insurance 2026 - Group Medical Cover for Teams & SMEs

Q: How many employees are needed to start a corporate plan?

Minimum of 5 members, including founders or directors.

Q: Is it mandatory for companies to provide health insurance?

Yes, under IRDAI and labour law guidelines post-COVID.

Q: Can employees add dependents?

Yes-spouse, children, and parents can be added optionally.

Q: Are pre-existing diseases covered?

Yes, from day one under group health insurance policies.

Q: Are maternity and newborn costs covered?

Yes, if maternity and newborn benefits are included in the group plan design.

Q: Is there a waiting period?

No-coverage begins immediately without any waiting period.

Q: Are premiums tax-deductible for employers?

Yes, premiums are tax-deductible under Section 37(1).

Q: What if an employee leaves mid-year?

Coverage ends automatically and the premium is adjusted on a pro-rata basis.

Q: How long does onboarding take?

Onboarding usually takes 3-5 working days after finalizing the quote.

Your employees are your company’s backbone - protecting their health is protecting your business.

A corporate or group health insurance plan offers medical coverage for your entire team under one master policy. It’s affordable, tax-efficient, and improves employee satisfaction and retention.

Whether you’re a startup with 5 people or a large enterprise with 500+, PolicyBachat helps you design customized health insurance packages in South, Delhi 110047 - with options like maternity, parents’ cover, and cashless claims at 10,000+ hospitals.

Here’s your complete guide to Corporate Health Insurance in 2026, including features, pricing, and benefits for both employers and employees.

What Is Corporate Health Insurance?

A group health policy covers all employees (and optionally their families) under a single plan.

Premiums are paid by the company, and coverage begins immediately - no waiting periods or medical tests.

Example:

A 20-member SME can get ₹5L cover per employee for as low as ₹12,000-₹18,000 per year (₹1,000-₹1,500/month per person).

Benefits For Employers

Tax-deductible under Section 37(1) of the Income Tax Act.
Attract and retain skilled employees.
Boost morale and productivity.
Group discounts on premiums.
Easy administration via digital dashboards.

Benefits For Employees

Zero waiting period for pre-existing diseases.
Cashless hospitalization across India.
Optional family and maternity cover.
Free annual check-ups.
24×7 claim assistance from PolicyBachat.

Types Of Group Health Policies

Plan Type	Ideal For	Key Benefit
Basic Group Policy	SMEs / Startups	Covers hospitalization + cashless network
Comprehensive Plan	Mid-size corporates	Adds maternity, OPD, and wellness
Family Coverage Plan	Large enterprises	Includes spouse, kids, parents
Top-Up Plan	Established firms	Extends cover above ₹5L limit

Sample Group Premiums (South, Delhi 110047)

Company Size	Sum Insured (Per Employee)	Annual Premium / Employee (₹)
5-25 Employees	₹5L	₹1,000-₹1,500
25-100 Employees	₹5L	₹900-₹1,300
100-500 Employees	₹5L	₹800-₹1,200
500+ Employees	₹5L	₹700-₹1,000

Local Insights For South, Delhi 110047

Avg. SME group size: 35 employees.
Top 3 industries opting for cover: IT, Retail, Manufacturing.
Avg. sum insured: ₹5L per employee.
Most chosen insurers: HDFC ERGO, Star Health, Niva Bupa.

Features To Customize Your Corporate Plan

Maternity cover (for married employees).
Parents’ coverage (optional).
No medical underwriting.
Add or remove employees anytime.
24×7 digital policy management dashboard.

Tax Benefits For Employers

Premium paid for employees is a business expense under Section 37(1).
No perquisite tax for employees if employer pays full premium.
Helps companies comply with wellness & safety mandates.

Policybachat For Corporates

Compare 20+ insurers for group pricing.
Get custom quotes for team size & coverage.
Dedicated account manager for onboarding.
Claim Assist service for HRs & employees.
API integration with HRMS tools for automatic employee addition/removal.

Add-Ons Popular in 2026

Maternity & Newborn Cover
Parents’ Health Coverage
Accidental Death & Disability Rider
OPD & Wellness Programs
Top-Up Insurance for Senior Employees

Policybachat Tip

Start with a ₹5L group cover - it’s affordable, builds loyalty, and shows your team that you care.”

Frequently Asked Questions

What is group health insurance?

A single health plan covering multiple employees under one policy.

How many employees are needed to start a corporate plan?

Minimum of 5 members (including founders/directors).

Is it mandatory for companies to provide health insurance?

Yes, under the IRDAI & labour law guidelines post-COVID.

Can employees add dependents?

Yes - spouse, children, and parents can be added optionally.

Are pre-existing diseases covered?

Yes, from day one under group policies.

Are maternity and newborn costs covered?

Yes, if included in your group plan design.

Is there a waiting period?

No - coverage starts immediately.

Are premiums tax-deductible for employers?

Yes, under Section 37(1).

What if an employee leaves mid-year?

Coverage ends automatically; premium is adjusted pro-rata.

How long does onboarding take?

Usually within 3-5 working days after finalizing the quote.

Customer Reviews

“We insured our 25-member team in 2 days - amazing support.”

Ravi Menon, Delhi

“Affordable and flexible group cover for startups.”

Sneha Kapoor, Bengaluru

“Employees loved the cashless benefits.”

Karan Desai, Mumbai

“PolicyBachat handled claims for our HR team flawlessly.”

Ananya Iyer, Hyderabad

“Perfect plan for small companies like ours.”

Meera Nair, Pune

“Great service and transparent pricing.”

Vikram Rao, Chennai