Last Updated:July 07, 2025, 19:38 IST
It is a type of health insurance that covers a large number of people, usually employees or members of an organisation, under a single master policy.
Premium for group health insurance is usually lower than individual plans. (Representative Image)
In the corporate landscape, offering health benefits is no longer just an added incentive — it’s a necessity for attracting and retaining skilled professionals. Among the most common offerings is Group Health Insurance, a policy that provides health cover to a defined group, usually employees of an organisation, under a single plan.
These policies are generally structured to cover employees during their tenure with the company and, in many cases, extend benefits to their dependents as well. The cost-effective nature of group coverage and its ease of administration make it a preferred choice for employers.
However, a common and often overlooked question arises — does this insurance cover extend beyond active employment? Are retired employees included under the same umbrella?
The answer is yes — but with conditions. Many companies today do extend group health insurance benefits to employees even after retirement. However, this post-retirement coverage usually comes with a time limit, offering temporary protection to help retirees transition and arrange for their own individual health insurance plans.
According to PolicyBazaar.com, the requirements for group insurance coverage after retirement may differ depending on the specific plan and the employer’s policy. Then there are a few general factors that are often considered:
Retirement Age
Many group health insurance policies require employees to reach a specific age before becoming eligible for post-retirement coverage. This age varies depending on the plan, but it is usually around 65 years.
Years Of Service
Some companies mandate a minimum period of service before allowing access to post-retirement health insurance. This requirement can range from five to 20 years, depending on the employer’s policy.
Continuation Of Coverage
In certain cases, retired employees may be allowed to continue their group health insurance by paying the premiums themselves.
It is important to note that general health insurance premiums for retired employees are usually higher than for those still in active service, primarily due to increased health risks associated with ageing.
In some situations, retirees may be offered a group retiree health insurance plan, which can differ in both cost and coverage compared to that available to active employees. It is therefore important to consult your employer or insurance provider to fully understand the terms, costs and options available post-retirement.
A typical group Mediclaim policy covers hospitalisation charges, room rent, doctor’s fees as well as pre- and post-hospitalisation expenses.
A team of writers and reporters decodes vast terms of personal finance and making money matters simpler for you. From latest initial public offerings (IPOs) in the market to best investment options, we cover al…Read More
A team of writers and reporters decodes vast terms of personal finance and making money matters simpler for you. From latest initial public offerings (IPOs) in the market to best investment options, we cover al… Read More
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