back arrow Back

2 Small Propreitorship firms with total 8 employees group health insurance

reply Share
15 Dec, 2021 by  Jeetu Gurdasani

My dad and I are Propreitors at 2 separate small Propreitorship firms with combined 8 employees, 4 employees on the books of each firm. Please advise which insurer would be best able to offer a suitable group health insurance cover? In case 4 employees is lesser than minimum number of employees needed for Group health Insurance, can 1 of the 2 firms take a policy for 8 employees?

like like
0
Health Insurance

1 Answer

Post
19 Dec, 2021
CEO, Insurance Samadhan

Dear Jeetu

Each company has definition of group but minimum members in group should be more than 10 .

Most of companies define group with 25 members .

So you will not be able to take a group insurance . Moreover , even if you take a group insurance rates will be same as of individual rates .

You get reduced premium only because of large group .

So go ahead and buy individual policies under Employer employees scheme so that you remain owner of policies .


like like
0
icon-comment 0 Comments
icon-reply Reply

Tired of dealing with call centers!

Get a professional advisor for life!

LIFETIME FREE

Rs. 1799

or

Discover the best tips for insurance every week!

Beshak is not regulated by the Insurance Regulatory and Development Authority of India (IRDAI) and does not have any alliance or association with any Insurance business.
© Copyright 2022 Beshak Solutions Pvt. Ltd. All Rights Reserved.

Disclaimer: The content on the website is purely for information purposes for the public at large, and does not constitute personal financial advice for a specific individual reader.
If you are reading this, it means you love reading the fine print. Why not get paid for what you love doing - Join us by writing to info@beshak.org now 🙂