Hi Dipak,

Group Insurance is customized for every requirement under an umbrella Master policy. The terms of group insurance are typically a function of the group size & expectations of group members. The high end features like coverage of PEDs from day 1, waiver of other waiting periods, no room rent limit, no co-pay in your group health policy come at a high price. If group members and/or the group administrator (whoever is bearing the cost) want to reduce the cost of insurance, it is done by introducing some of the above limiting factors in your group policy.

Group Insurance is most commonly available through your Employer & Banks. Other associations like Resident Welfare Associations, members of a Club, Professionals’ associations like Indian Dental Association, etc can also take a Group Insurance for their members.

You should check with your employer if you work somewhere or with your mother’s Banker if she has an active bank account. Another option coud be to check with new age fintech players like Paytm, Phonepe, etc. They also provide some insurance cover to their members upon opening an account & doing a minimum no of transactions in a time period.

Hope this gives you some direction. Feel free to ask if you have more questions.

Asad Akbar