Investing in health and performance programs is becoming increasingly important to attract and retain top talent. Engaging employees to increase ownership in their own health and financial well-being empowers them to become a more active participant in creating positive results. With studies showing that employees who are actively involved in their healthcare experience have better outcomes, the return on investment for organizations is high. At Bluearmour, we make the well-being of your people our business. We work with you to understand your goals and objectives, your employees’ unique needs and create a tailor-made wellness program that works for you, together with hands on assistance in explaining terms and conditions at inception and support at the time of claim.
Superior Coverage from Individual Plans: A group plan allows coverage for some conditions (like pre existing diseases), which are not normally covered from day 1 in individual plans
More Cost Effective: Premiums are generally lower for the group than with individual plans for each member
Tailor Made Solutions: The plan can be customized as per the benefits you want to cover for each category of employees. The group can be segmented based on salary, designation, tenure or others to customize the coverage for each sub group under the group plan. An employee’s history under a group plan (claims history) can be made to port to his/her individual plan even after leaving the organization.
Non-Employer Employee groups defined by IRDAI can also buy group insurance policies. Some of these can include societies (such as retirees association, clubs etc), borrowers/account holders in banks or NBFCs.
Yes, Group Insurance products can be classified as: Group Health Insurance, Group Personal Accident Insurance, Workmen Compensation, Group Travel Insurance.
These are covered a bit more in detail under the corresponding sections. At Blue Armour, we can tailor any of the above or a combination of these products based on the risks that you are trying to cover.
Direct Broker (General), IRDA License No 728 (Valid upto 25th August, 2023), Bluearmour Insurance Brokers Private Limited, CIN: U66000HR2019PTC084231