4 min read

Where Does Your Company's Health Policy Stand Compared To Others?

All top organisations now provide health insurance to their employees as additional benefits. Each organization provides a policy that they think is fit for their employees.

In order to help employees understand where their company’s policy stands as compared to other companies policies, we will explore and compare the different policies provided by top organisations in this blog.

But before we do that, let us try to help you understand the various components of health insurance that play a vital role in comprehending the value of the benefits provided by different policies.


  1. Sum Insured- The sum insured is the maximum value for a particular year that the insurance company can pay if you are hospitalized. Any amount exceeding the sum insured will have to be borne by the policyholder. The amount you agree on for sum insured will be the maximum amount you get in case of hospitalization or medical procedures.
  2. Room  Charge- The limit imposed on the coverage of boarding expenses at the hospital or room rent of the hospital is called room rent limit. The limit is either expressed as an absolute amount or as a percentage of the Sum Insured.
  3. ICU Charge - This refers to covering the charges of being admitted in the Intensive Care Unit.
  4. Co-Pay -  Health insurance co-pay refers to an arrangement in which the policyholder will need to pay a portion of the medical expenses on their own and the insurance company will pay the remaining amount. This is usually covered under the portion of co-pay clause of any policy.
  5. Waiting Period-  Refers to the time period before a selected list of ailments begin to get covered by your policy. Usually this applies for pre-existing ailments and some ailments may have a waiting period of a year or two.
  6. Pre-Existing Covered- This refers to the question of if the policy will cover the expenses for treatment of pre-existing diseases of the policyholders.

Now that we have a basic understanding of the various components of health insurance, let’s move on to understanding and comparing the array of  policies offered by different companies.


The following table provides a comprehensive view of the health policy offered by different companies belonging to similar sectors for easy comparison and understanding:

The table given above summarizes the policies provided by different companies. A comparison is drawn on the basis of the sectors of the companies or due to similarities in the policy itself.

The comparison is done on the basis of several insurance components to understand how comprehensive each policy is along with understanding the advantages and drawbacks of each policy.

To conclude, it is vital for employees to be aware of the several kinds of insurance offered by employers in order to make sure they are getting sufficient coverage and are making use of all the features of their insurance along with being aware of what other policies they could undertake for better safety.

From the company’s perspective, almost 69% of employees have shared that their loyalty towards the company increased when provided with a comprehensive set of benefits. Therefore, companies should ensure that they provide the best employee health plans to keep employees happy and motivated!

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