Running a small business is a daily balance between ambition and responsibility. One responsibility that defines forward-thinking companies today is employee health.
A small business group health insurance plan ensures your team gets access to quality healthcare while helping your organization stay compliant, competitive, and caring.
Edify helps SMEs, startups, and growing enterprises design corporate insurance policies that provide medical insurance benefits for employees — tailored to your size, budget, and goals.
Small business group health insurance is a collective medical cover that protects all employees under one plan. It’s designed for organizations with as few as 5–100 employees who want to provide reliable healthcare protection without excessive costs.
Unlike individual plans, premiums in small company health insurance are calculated on pooled risk, offering broader protection and lower costs per member.
With Edify, businesses can include full-time, contractual, or probationary staff and even extend benefits to family members.
Employee wellbeing drives productivity, retention, and company reputation. For small enterprises, offering small business health care insurance signals maturity and empathy — qualities that attract and retain top talent.
Key reasons SMEs invest in these plans:
Even for teams under 50, group health insurance benefits can transform company culture.
A corporate insurance policy operates under a master agreement between the insurer and employer. The business pays a collective annual premium, while employees get immediate access to coverage — often with zero waiting periods.
Plans can include:
Edify partners with India’s leading insurers to build scalable, flexible solutions for every stage of your business.
The medical insurance benefits for employees extend beyond hospital bills:
These benefits help businesses stay compliant and employees feel valued.
Feature | Basic Plan | Standard Plan | Comprehensive Plan |
Ideal For | Startups (5–10 employees) | SMEs (10–25 employees) | Growing firms (25–50 employees) |
Sum Insured | ₹3 L–₹5 L | ₹5 L–₹10 L | ₹10 L–₹15 L |
Room Rent Limit | 1% of SI | 2% of SI | No Limit |
Waiting Period | 2 Years | 1 Year | Waived |
Maternity Cover | Optional | Included | Enhanced |
Wellness Benefits | Basic | Moderate | Premium |
The Employees’ State Insurance (ESI) Act mandates health coverage for workers earning below ₹21,000/month, but many SMEs voluntarily extend group health cover beyond this bracket.
While not all industries are legally bound, offering a corporate group policy enhances compliance, reduces attrition, and fulfills CSR commitments.
Premiums depend on team size, age mix, and selected add-ons.
Employee Count | Coverage (per employee) | Approx. Annual Premium |
5–10 | ₹3 L–₹5 L | ₹6,000–₹9,000 |
10–25 | ₹5 L–₹10 L | ₹10,000–₹13,000 |
25–50 | ₹10 L–₹15 L | ₹14,000–₹18,000 |
This helps estimate the annual premium for a 10-employee startup or a 30-member SME before buying.
Under Section 37(1) of the Income-Tax Act, premiums paid toward small business insurance plans are fully deductible as business expenses.
Employers can also share premiums with employees — often using pre-tax payroll deductions — giving mutual savings.
Annual Spend | Tax Rate | Savings (Approx.) |
₹1 L | 25% | ₹25,000 |
₹2 L | 30% | ₹60,000 |
₹3 L | 30% | ₹90,000 |
Smart funding and renewals make insurance cost-neutral over time.
Before finalizing an insurer, review these key metrics:
Edify evaluates every provider’s performance annually so your team always has dependable access to care.
Every SME’s workforce is different — that’s why flexibility matters.
With Edify, employers can tailor:
Unlike retail plans that impose a waiting period of 2–4 years, small business group health insurance can waive this restriction from day one.
This means employees with diabetes, hypertension, or prior conditions get instant protection — a major advantage when retaining senior talent.
Edify simplifies administration with guided onboarding and claim management.
Filing a claim:
Switching insurers:
Edify isn’t just an intermediary — we’re your insurance partner. Our team analyzes your workforce demographics, budget, and compliance needs to build the perfect small business medical insurance framework.
With decades of combined experience, we deliver:
Whether you’re a 5-person tech startup or a 200-member manufacturer, Edify provides corporate insurance policies that evolve as your company scales.
