Group health insurance or Group Mediclaim is a type of medical insurance that covers your employees as well as their families against unforeseen healthcare expenses. As compared to an individual health insurance plan, the premium of a Group Mediclaim Policy is much lower and more affordable.

This is often offered as a valuable benefit for employees as the premium needed for the policy is beared by the employer. The group health insurance coverage can be extended to the family members of the employees in special cases. This insurance plan is also referred to as corporate health insurance or employee health insurance.

However, the expense for the policy is comparatively a lot lesser as compared to individual health insurance plans and also benefits employers in tax reductions, therefore making it beneficial for both the employer and employee.