Compare & Buy Car, Bike and Health Insurance Online - InsuranceDekho
Claim, renew, manage & moreLogin
Hurry Up!
Save upto ₹75,000 on taxes in 80D. Buy a health insurance now!
View Plans

Should You Include Your Parents in Corporate Health Plan

Updated On Dec 04, 2020

Employee health insurance or corporate health insurance is one of the perks that every employee receives for offering his services to the company. While, in some cases, it might only cover your health insurance, but in most of them, there is a provision to cover your parents as well. Some health insurance companies pay the entire premium for their employees while others demand employee contribution share. If you are in a dilemma whether to include your parents in the group health insurance policy or not, read the blog till the end.

Meaning of Employees Group Health Insurance Policy

As the name itself suggests, the Employees Group Health Insurance Policy is an insurance policy reserved for covering the employees. In this policy, every single member covered under the Employee Group Health Insurance Policy enjoys the same benefits. This is a gift that every organization provides to its employees unanimously. While the coverage provided by the individual health insurance plans is better than this one, the group policy will help you save a lot on the premium amounts.

Benefits of Including Your Parents in Employees Group Health Insurance

Here are some benefits of including your parents in your Employees Group Health 
Insurance Policy: 

  • Insurance Benefits for Parents At Low Premium - Most of you might have dependent parents. Thus, covering your parent’s health under your employee group health insurance policy brings you plenty of lucrative opportunities. Some of these are low premiums, no waiting periods, super top-up features, protection for pre-existing medical conditions, etc.
  • Easy Claim Settlement - Instead of all the way running to your health insurance service provider, you directly approach your employer with all the relevant documents and bills. This makes it easier for you to place your insurance claim. As your employer expects you to perform at your best, he ensures that all your claim dues are cleared in time. 


As every single thing has got its pros and cons, this Employee Group Health Insurance Policy has got its own set of limitations. Most of the time, such group health insurance plan premiums are calculated by determining the average age of the entire pool of people covered under this insurance policy. When you include your parents under this insurance coverage, you will likely increase the calculated average age, which might turn out to be burdensome to you while paying premiums. 

Conclusion

The inclusion of your parents in employees group health insurance has some benefits and some drawbacks. It all depends upon you whether you wish to go ahead with the pros or rely on the cons!

Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.

Health Insurance Coverage Calculator

Who do you want to insured ?

  • Individual
  • Couple
  • Family
  • Parents

Age of eldest insured member ?

Where do you live ?

Metro
Non-Metro
Disclaimer : Actual Coverage might vary basis your location, age and number of members

Best Health Insurance Plans In India

  • Cover 5 L
    Starting at 832/month*
    No room rent limit 100% no claim bonusUnlimited restoration benefits3 years PED waiting period
    View All Features
  • Cover 10 L
    Starting at 739/month*
    No room rent limit Unlimited restoration benefits50% no claim bonus4 Years PED Waiting period
    View All Features
  • Cover 5 L
    Starting at 447/month*
    No room rent limit 33% no claim bonus100% restoration benefits3 years PED waiting period
    View All Features
  • Cover 5 L
    Starting at 1,312/month*
    No room rent limit 50% no claim bonus100% restoration benefits3 yrs PED waiting period
    View All Features
  • Cover 5 L
    Starting at 448/month*
    Single Private A/C Room 20% no claim bonus100% restoration benefits1 year PED waiting period
    View All Features
  • Cover 5 L
    Starting at 664/month*
    No room rent limit 20% no claim bonus100% restoration benefits2 years PED waiting period
    View All Features
  • Cover 5 L
    Starting at 675/month*
    No room rent limit 50% no claim bonusUnlimited restoration benefits3 years PED waiting period
    View All Features
  • Cover 5 L
    Starting at 690/month*
    Single Private A/C Room 100% restoration benefits3 years PED waiting period
    View All Features
  • Cover 5 L
    Starting at 546/month*
    Twin sharing room Zero no claim bonus100% restoration benefits2 years PED waiting period
    View All Features
  • Cover 5 L
    Starting at 566/month*
    No room rent limit 20% no claim bonus100% restoration benefits3 years PED waiting period
    View All Features
  • Cover 5 L
    Starting at 1,770/month*
    Zero no claim bonusNo restoration benefits1 year PED waiting period
    View All Features
  • Cover 40 L
    Starting at 62/month*
  • Cover 2 L
    Starting at 146/month*
  • Cover 5 L
    Starting at 806/month*
    Single Private Room 10% no claim bonus100% restoration benefits2 years PED waiting period
    View All Features
  • Cover 5 L
    Starting at 476/month*
    60% no claim bonus150% restoration benefits4 years PED waiting period
    View All Features
  • Cover 5 L
    Starting at 526/month*
  • Cover 5 L
    Starting at 855/month*
    25% no claim bonus100% restoration benefits4 years PED waiting period
    View All Features
  • Cover 5 L
    Starting at 448/month*
    Single Private A/C Room 20% no claim bonus100% restoration benefits1 year PED waiting period
    View All Features
  • Cover 5 L
    Starting at 396/month*
    No room rent limit Room rent upto 2% of SI Room rent upto 1% of SI No room rent limit
    View All Features
  • Cover 5 L
    Starting at 738/month*
    No room rent limit 50% no claim bonus100% restoration benefits3 yrs PED waiting period
    View All Features
Note: Premium is shown for 18yr old individual of Delhi
Show More

Health Insurance News

People Also Read

Must BuyMust Buy

Why to Buy Health Insurance Policy Online from InsuranceDekho

  • Tax benefit upto 75,000*
  • Claim support everyday 10AM-7PM
  • 66 Lacs+ happy customers

Latest Health Insurance Articles