At Protect Finserv, we believe every business can create a stronger, more secure workplace by offering Group Medical Cover (GMC) – a health insurance plan that covers a whole group under one policy.
What is GMC?
It’s a health insurance policy for a defined group – like all your employees, members of an association, or society.
Instead of each person buying insurance separately, one policy covers everyone’s hospitalization and medical expenses.
Who Can Take It?
As per IRDAI, a group means people who come together for a purpose other than just buying insurance.
Types of groups:
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Employer – Employee: All staff of a company, factory, shop, etc.
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Non-Employer Groups: Association members, bank card holders, loyal customers of a business.
Why Businesses Choose GMC
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Affordable: Lower cost per person compared to individual policies
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Caring Culture: Employees feel valued and secure
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Tax Benefits: Premium is a business expense
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Quick Coverage: Often no long waiting period for pre-existing diseases
Who Manages It?
The company or association is the Group Administrator/Proposer – they buy the policy for members and handle renewals.
In short:
Group Medical Cover = One policy, many smiles, and a healthier, happier team.
With Protect Finserv, you can customise a plan that fits your team’s needs and your budget.
📞 Let’s protect your people today – because when your team is secure, your business grows stronger.