Can you provide me the Group Insurance Guidelines dtd 14 January 2011 for Employer Employee Insurance as offered by IRDA or Insurance Regulatory and Development Authority?

A group insurance policy gives advantages of standardised coverage and very competitive premium rates.

One can avail of group insurance policies that a group belong to takes.

Groups – for this purpose - can be employer-employee groups or non-employer-employee groups as defined by IRDA’s group insurance guidelines.

Things keep in mind when participating in a group policy:

• Only one master policy is issued to the Manager of the group and is in the name of the group (eg: the association)

• One is entitled to get a certificate of insurance if participate in a non-employer-employee group policy for your records.

• This certificate should contain
o the schedule of benefits
o premium charged and
o terms and conditions of the cover

• Once cover could cease if leave the group

• When left the group the insurer should offer continued coverage under an individual policy

• The Manager of the group need to disclose the premium rate and terms of the policy including the premium discounts offered to the group and should pass on the discounts to all member

• The manager of the group has to disclose any administrative or other charges he is collecting from members over and above the premium charged by the insurance company

Group Insurance Guidelines dtd 14 January 2011