Group health insurance plans are one of the major benefits offered by many employers. These plans are generally uniform in nature, offering the same benefits to all employees or members of the group. Group health insurance plans usually cost less for participants than individual plans that offer the same benefits. This is because the risk is spread over the entire group, rather than one person.
This policy covers the “Hospitalization" of employees and their dependents due to disease/accident (24 hours hospitalization is mandatory).