With insurance plans that beat industry standards
"Nova is truly a new-age insurance partner, and since it is also venturing into the wellness space, I am sure any HR would want to partner with Nova Benefits as a one-stop solution for everything health."
"The onboarding with Nova was the best experience we've had in the 5 years we've been taking a corporate health policy. The user interfaces having the policy details was intuitive.”
“Through Nova, we were able to help Zuddlers in time of need. Nova team has demonstrated the qualities of empathy and compassion over and over again!”
“The team at Nova moves fast and was able to build a deep understanding of our organisation's needs. Great onboarding experience and hosts of benefits for the team!”
“The Snapdeal team has had a great experience with Nova. We've been with them for 2 years consecutively! Apart from insurance, they helped us with vaccination and geriatric care for our employees’ parents”
According to the IRDAI, a minimum of seven employees are required to provide group health insurance.
As of 2021, it is essential to offer group health insurance for any company, startup, or organisation working on-site. A startup needs a paperless, frictionless, and hassle-free solution with add-on benefits for employees. That’s where tech-powered group health insurance solutions and platforms come into the picture.
The premium for your team’s group health insurance depends on the team size as well as the type of policy you opt for you. You can get an estimate for the premium using our policy calculator.
The premium paid to provide a group insurance policy for employees in India can be deemed as a business expense. The Indian Income Tax Act of 1961 considers this expense to be 100% tax-deductible.
A plan that covers your medical bills up to the super top-up sum insured provided in the plan above a base amount (deductible) once exhausted. The deductible amount is predetermined by the base policy. A base policy can be either your individual health insurance or your GMC coverage provided by your employer
Once you have exhausted your base coverage amount, the super top-up ensures coverage till the super top-up sum insured amount. It also gives you the benefit of a higher sum insured at a lower premium amount as compared to regular policies.
Super top-up plans are available for employees below 75 years of age who are already covered under Nova group health insurance. Dependent children should be between 90 days and 24 years of age.
Any premiums paid for super top-up plans are eligible for tax deduction under section 80D for up to 25,000 per year.
Covid Insurance is an insurance policy that covers the medical expenses incurred by a policyholder for the treatment of Covid-19.
If your company is registered with MCA, and has 7+ employees you can purchase group covid insurance.