With health insurance, there’s no better time to purchase group health insurance policies than now. But rushing and choosing the wrong one can be a costly mistake.
Conversely, the right health plan provides a plethora of benefits for a group of people. It offers much-needed protection, mental stability, boosts employee morale, enhances productivity, and improves retention rate thereby helping your business grow.
In the healthcare industry, group health brokers are quite important. These brokers assist small and large enterprises and corporations find the best health insurance policy for their employees.
Large and small business health insurance brokers can also help organizations get the best coverage plans at the most competitive prices. Health insurance brokers are broker-dealers who are licensed by their state's insurance agency.
By comparing plans from some of the best group medical insurance brokers, you can find coverage that works in your favor and fits your budget.
Here’s a list of the best health insurance brokers in India, both retail and group health insurance, so you know where to begin your search and find what you need.
Best Group Health Insurance Brokers in India:
1. Loop Health:
Founded in 2018, Loop Health is one of the fastest-growing group health insurance providers in India. We’re the first group health insurance agency that provides group medical insurance for employees in India with an in-house medical team of our own.
Besides offering customizing group health insurance plans at competitive rates, we also extend personalized health benefits along with dedicated 24X7 customer and claims support.
In addition to hospitalization coverage and more, Loop group health insurance agency offers free primary care memberships with unlimited OPD consults and holistic wellness plans for employers. All this and more is accessible via our own app that comes with an easy-to-use interface and a 24/7 support team for guidance.
Our Pan-India presence helps us serve customers across all states in the country.
Much to the delight of customers and what really makes us stand out is working towards providing affordable health facilities by incentivizing doctors to keep patients healthy, and not only care for them when they’re sick - a part that most other group medical insurance brokers don’t offer.
Similarly, in case of hospitalization, they ensure free claim assistance and expert help round-the-clock.
Fueled by a mission to revolutionize healthcare in India, Loop Health has already made a steady start towards it.
Recently, just after our Series A round of funding of $12M, we raised Series B funding of $25 Million, bringing the total funding to $40 Million. Read more about the funding and how we plan to use the funds in this article.
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2. Prudent Insurance:
Founded in 2005 and regulated by the IRDAI, Prudent Insurance, has its headquarters in Mumbai. They offer insurance services in over 120 countries. The strong workforce of over 800+ employees takes care of the insurance needs of their 3500+ clients.
The company offers insurance solutions to corporates along with high net-worth individuals and their family members. They primarily provide life insurance, general insurance, and individual health insurance products focused on small business owners, both foreign and Indian multinational companies, entities in the public sector, and large Indian corporates.
3. Anviti Insurance:
Anviti Insurance Brokers Pvt Ltd, established in 2016, and rebranded as Aon effective 27 July 2021, offers health coverage, retirement, and risk solutions. The company has its headquarters in Bengaluru.
They also build a reputation as a firm that can provide customers with a comprehensive range of products, from health insurance and home insurance to car and travel insurance and pet insurance.
Some of their products include employer health insurance and benefits, marine insurance, energy insurance, financial lines and casualty insurance, property damage and business interruption insurance, and affinity insurance, among others.
4. Marsh India:
Established in India in 2003, Marsh India Insurance Brokers & Reinsurance Company Limited (MIBRC) is a leading insurance broking and risk management company with a global presence in over 130 countries. In India, the company is spread across around 12 locations manned by over 400+ employees.
It has its headquarters in Mumbai and branches all across the country. The company offers a wide range of insurance and reinsurance products and also uses reinsurance and retrocession.
Marsh’s services include insurance program design, insurance claims management, property risk consulting, supply chain risk management, logistics risk management, and global analytics, and more. They cater to large and multinational corporates as well as small and medium-sized enterprises.
5. Howden Insurance Brokers India Pvt Ltd:
Howden in India is a part of Howden Broking Group who has ties with Hyperion Insurance Group from the United Kingdom. The company has a strong presence in over 40 countries and has more than 6500 employees.
They offer personal and commercial insurance products and services across India. Their range of products and services includes health insurance, car and bike insurance, personal and commercial property insurance, travel insurance, and other insurance products.
The firm offers reinsurance solutions, corporate risk, and insurance to its clients. Its corporate office is based in Mumbai, with branches in major metro cities all across India.
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How To Choose The Best Group Health Insurance Broker?
Group health insurance brokers can help you find the best coverage for the needs of you and your family. The right broker can help you understand what each type of plan covers, the costs of different plans, and the limitations of different policies.
Furthermore, small business health insurance brokers provide the benefit of analytical comparisons, best market prices, and solicited advice under one hub.
To choose the best broker, you must:
- Survey the needs of your organization
- Analyze the different providers and the benefits offered
- Match your needs with the offerings provided
- Negotiate the best price
- Implement the group health insurance policy
Track the plan and optimize for the best results
Securing the right group health insurance plan is crucial. It is all in your hands now to choose the best one.
Providers such as Loop not only cater to the insurance needs of buyers but also provide holistic wellness options to help users stay fit and improve health outcomes. The Loop primary care membership, which is free, includes a host of offerings for users to use anytime, anywhere through the Loop App. Learn more via this link.
Compare health insurance plans to save money and secure your and the health of your loved ones today.
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