What Are GMC GPA Insurance Plans?

What Are GMC GPA Insurance Plans?

GMC GPA Insurance Plans

GMC GPA insurance plans: what are they? The saying “workers are an organization’s biggest and best asset” is an oldie but a goodie.

The epidemic has affected many aspects of your life, including employee benefits like GMC and GPA insurance, whether you like to admit it or not.

Employee retention is now a marathon, not a sprint. There is a change from the desire for alluring wage packages to the want for worthwhile benefits and bonuses.

If you take a moment to observe prominent corporations like Google, Apple, or Facebook, you will see that they are cognizant of this and provide a variety of benefits to maintain employee satisfaction.

The health of your employees is also very important because it demonstrates your concern for them and their families. GMC and GPA insurance become relevant in this situation.

Main Points

A clear article detailing the differences between GMC and GPA insurance.

What is GMC insurance?
What does a GMC policy cover?
What are the exclusions of the GMC insurance policy?
What is GPA insurance?
What does a GPA policy cover?
What are the exclusions of the GPA insurance policy?
What is the difference between GMC and GPA?
What is the GMC insurance policy?

GMC’s insurance plan is officially known as group medical coverage. It is provided to a group of people, such as employers and their employees, and falls under the category of group health insurance coverage.

Usually, employers offer these policies as a perk. GMC is an abbreviation for group medical claim coverage in the insurance industry.

The plan, as the name suggests, provides coverage for medical costs as well as any additional costs a company decides to include.

GMC’s plans are adaptable and frequently specially created to meet the needs and specifications of a firm.

The three essential elements of the GMC insurance policy are:

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The number of employees in the group (the larger the number of employees, the lower the costs)
employee characteristics (occupation, income, average age, etc.

Pre- and post-hospital costs, childcare treatment costs, maternity and child health, OPD costs, and more are only a few significant aspects of GMC’s policy. What the GMC policy means is this. You can jump ahead to the section that elaborates on this.

GMC policies allow you to spread the risks among a number of people, which results in premiums that are far lower than those for individual health insurance. The majority of the time, your company pays all expenses. Rarely do employees pay for GMC.

‍What Is Covered In A GMC Policy?

One of the main worries on people’s minds, especially in light of the pandemic, is the cost of medical costs. Paying for such fees is difficult due to the substantial increase in healthcare costs.

An employer-provided GMC coverage is the answer.

Compared to individual insurance, GMC health insurance is significantly less expensive. You receive almost the same insurance features at this lower price. Let’s look at the topics covered.

Hospitalization expenses -It covers hospital expenses so long as the hospital stay exceeds 24 hours. The next step is to pay the bills for the subsequent expenses, which include those for a doctor, nurses, room rental, consumables, medications, operating room costs, oxygen, blood, anaesthesia, and more.
Pre- and post-hospitalization expenses – provides coverage for costs paid both before and after hospitalisation that often occur within a 30-day window, such as those for x-rays, blood tests, medications, and other related items.
Pre-existing conditions –Pre-existing conditions are those you had before buying group health insurance. GMC covers pre-existing conditions. No waiting period for hypertension, diabetes, asthma, thyroid, etc. You can start claiming if you’re diagnosed with one of these diseases.
Daycare procedures – Some operations don’t take 24 hours. You can file a claim if you’re hospitalised fewer than 24 hours. Review the policy to find these procedures. ‍
Home Hospitalization Bills – Home hospitalisation means treating sickness, illness, or accident at home. You’re hospitalised at home. GMC covers the costs.
‍Maternity and newborn coverage –You can choose maternity and newborn coverage from some insurers.
‍Critical Illness Coverage – GMC covers major disorders like cardiology and cancer. ‍
additional coverage – You can add dental, vision, family, etc. coverage. So you’re fully covered. All risk insurance advantages

What Are The Exclusions Of The GMC Insurance Policy?

Exclusions apply to GMC policies. Reading the exclusions will tell you what’s covered. You can choose additional coverage for yourself and your family based on this information. If you only have workplace health insurance, choose wisely.

  • committing crimes.
  • experimenting.
  • Any non-covered treatment
  • Alcohol or drug-related illness
  • Non-covered cosmetic procedures
  • Military, riot,-battle, etc.-related injuries.

What Is The GPA Insurance Policy?

Formal Statement GPA is part of most Indian employers’ group health insurance. GPA coverage protects against disability, fatal injury, and death.

Built-in GPA features safeguard your employees and their dependents financially.

GPA premiums are lower than group health insurance. Employers pay GPA premiums. Sometimes it’s part of a worker’s pay.

GPA policies cover you even when you’re off-duty.

What Does A GPA Policy Cover?

Unexpected accidents occur. That doesn’t mean you shouldn’t be prepared.

The Answer: GPA Policy

To make a decision, assess what’s covered.

Permanent, partial or total disability – Under GPA, if an accident disables your limbs or organs, you’re compensated. Temporary complete disability is only covered if it lasts more than 104 weeks.
Accidental Death – The GPA policy covers unforeseen, unintended deaths. You get medical coverage based on the sum insured.
Dismemberment – This policy covers dismemberment and disability..
Additional benefits – With a GPA policy, you get ambulance coverage, accident damage coverage, educational support for children, and funeral expenses.
Extra Covers – By paying more, you can get: Accident hospitalisation allowance of Rs. 500 per day (depending on insurer) Second, medical expenses up to actual costs or 40% of personal accident claims.

What Are The Exclusions Of The GPA Insurance Policy?

Knowing your policy’s exclusions helps in an emergency. This clarifies next steps. Plus, you won’t waste time reading fine print while you’re stressed or distracted. Being prepared lets you focus on your health and family’s.

  • Suicide, self-harm, STDs, or adventurous sports might cause injury or death.
  • Participating in a riot, revolution, conflict, illegal act.
  • Fraudulent birth-related death claims.
  • Causeless death.
  • Claims-payouts.
  • Drug or alcohol-related harm.

What Is The Difference Between GMC And GPA?

Let’s compare GMC and GPA policies now that you know what they are.

1. Other Names:

Group health coverage – Also called employer-provided insurance, group health insurance, and employer-employee insurance.
Group Personal Accident Coverage – Global 24 Accident Policy (GPA) Employees’ hours or accident insurance.

2. What Is It?

Group Medical Coverage – It’s like health insurance for employees and their dependents.
Group Personal Accident Coverage – This policy covers on-and-off-duty accidents involving employees.

3. Coverage:

Group Medical Coverage – The insured can claim up to the GMC policy’s sum insured. Hospitalization, pre- and post-hospitalization, child care, and maternity care are covered.
Group Personal Accident Coverage – A GPA policy provides a lump amount for injuries or accidents. Permanent, partial, or total disability, accidental death, and more are covered. ‍

4. Scope:

Group medical coverage – It covers a variety of offers. GPA is a GMC plugin.
Group Personal Accident Coverage – GPA covers accident-related expenses.

5. Who Is Covered?

Group Medical Coverage – GMC policies cover employees and sometimes family members including parents, children, and spouses.
Group Personal Accident Coverage – GPA policies usually don’t cover family members.

6. Personalization:

Group medical coverage – Employers can customise. Discuss this with GMC insurance.
Group Personal Accident Coverage – This is a non-customizable cover.‍

7. Suitable For:

Group medical coverage – After the epidemic, all companies, whatever of size, must have GMC.
Group Personal Accident Coverage – GPA is vital for risky industries including construction, transport, gas, and oil. ‍

Which Is Better Between GMC And GPA Policies?

The above should distinguish GMC’s personal accident coverage from the group’s.

Choosing one relies on your needs. Choose whichever matches your needs.

Here, it’s not which is superior but which policy meets your needs. Both policies boost morale and satisfaction.

You have GMC and GPA insurance details. This will help you choose the proper cover.

Loop offers group health insurance and other benefits.

Loop Health is the best GMC insurance provider to help your team and bottom line.


I am Dharmendra Jain, Owner of this website. In point of fact, the author, Dharmendra Jain, writes on Finance Niche, because he enjoys disseminating knowledge to people all over the globe. The author has expressed a desire to maintain communication with all of his or her devoted readers. And in order for me to be connected to the internet in the first place, it compelled me to do so.

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