What is the basic difference between individual and group health insurance coverage ?

Individual Health insurance is what you buy as a family of 1 to 6 persons. Oriental Insurance is the one which gives Oriental Happy Family Floater Policy, where a family of upto 10 persons can be covered. Group Health Insurance policy is what is issued to a corporate or a group or to an association and covers a group (generally more than 100 persons). The positive point in a group policy is that you can negotiate special terms like;

• • • Maternity coverage is available
    • Pre existing disease is covered
    • No medical examination, even if you are above 45 years

  When a member leaves the organization you can add the new member as a substitute for the one whose name is deleted. Rates in the case of a group policy can be attractive. For very large group of say 1,00,000 the rates are very attractive.