Many employers ask, is medical insurance mandatory for employees in India? The answer is yes. As per government regulations, providing medical insurance to employees has become compulsory, especially after the COVID-19 pandemic. The Ministry of Home Affairs (MHA) and the Insurance Regulatory and Development Authority of India (IRDAI) have made it mandatory for all businesses to offer group health insurance to their employees.
This requirement ensures that employees receive financial protection against medical emergencies, hospitalization, and critical illnesses. Employers benefit from increased employee satisfaction, improved retention rates, and tax advantages.
A group medical insurance policy is cost-effective as it covers multiple employees under a single plan. Many policies also extend benefits to employees' families. By offering medical insurance, companies create a positive work environment, comply with legal obligations, and promote workplace well-being. Ensuring health coverage is not just a requirement but also a crucial step toward employee welfare.
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