Employee Group Health Insurance is a collective health insurance policy designed to provide employees with comprehensive healthcare coverage. Offered by companies as a part of employee benefits, it aims to safeguard the well-being of employees and their families. These policies often include coverage for hospitalisation expenses, pre- and post-hospitalisation care, and preventive health check-ups.

For further convenience, customers can conveniently pay their Employee Group Health Insurance premium online using Bajaj Pay, the BBPS platform on Bajaj Finserv. It offers flexibility and ensures accuracy in insurance premium payment. With multiple payment options, Bajaj Pay simplifies the process for users. Once payments are made, insurance statement can be downloaded, serving as valid proof of payment.

Key benefits of using Bajaj Pay for insurance premium payments

• Easy payments: Pay your insurance premiums seamlessly from your phone or computer.
• Organised receipts: Download and store digital copies of premium receipts for hassle-free documentation and financial planning.
• Secure transactions: Experience dependable and safe payment processing on the trusted BBPS platform.

Download Employee Group Health Insurance premium statement

An employee group health insurance premium statement is a detailed document that outlines the premium amount paid towards the insurance policy. This statement provides clarity on the coverage and serves as an official record for financial planning or tax purposes.

Most organisations collaborate with insurance companies that offer online portals or mobile applications to access these premium statements. By downloading this statement, employees can review the premium breakdown, policy validity, and any additional charges, if applicable.

To access the premium statement, employees must log in to the insurer's platform using their credentials. Once logged in, they can navigate to the policy section, where an option to download the statement is available. Many insurers also provide email notifications containing downloadable statements for easy reference.

Maintaining a premium statement is crucial for managing healthcare finances and availing tax benefits under specific income tax provisions. These statements also assist employees in understanding their employer’s contribution towards their health insurance policy.

Benefits of having your Employee Group Health Insurance premium statement

• Tax planning: The premium statement helps in availing deductions under applicable income tax laws for health insurance premiums.
• Transparency: It provides detailed insights into the premium amount paid and the coverage benefits received.
• Financial management: Reviewing the statement allows employees to better plan their healthcare expenses and budgets.
• Employer contribution awareness: It highlights the employer’s contribution towards the health insurance policy, enhancing trust and transparency.
• Claim reference: The premium statement serves as a reference document during the claim settlement process.
• Policy renewal: It ensures that employees have a clear understanding of their premium history, aiding in policy renewal decisions.
• Proof of coverage: The document acts as an official proof of insurance coverage for employees and their dependents.

Employee Group Health Insurance customer support for premium statements

Insurance providers offer multiple customer support channels to assist employees with premium statement-related queries. These include helplines, email support, and live chat options.

1. Helpline: Contact the insurer’s dedicated helpline number for immediate assistance. This service is typically available during working hours.

2. Email support: Employees can send their queries to the insurer’s official email address, detailing their issue for a prompt resolution.

3. Live chat: Many insurers have integrated live chat features on their websites or mobile applications for real-time support.

4. Branch support: Visit the nearest insurance branch office for in-person assistance regarding premium statements or policy details.

5. FAQs section: Refer to the insurer’s FAQs on their website for common queries related to premium statements.

Steps to pay your insurance premium on Bajaj Finserv website

For making your insurance premium payment through the Bajaj Finserv website, follow these steps to obtain the receipt:

1. Visit the Bajaj Finserv website.

2. Navigate to the ‘BILL AND RECHARGES’ under the ‘PAYMENTS’ section

3. Under ‘FINANCIAL SERVICES AND TAXES’, select ‘LIC/INSURANCE’

4. choose your biller from the drop down

5. Enter your loan number and click on ‘FETCH YOUR BILL’

6. Select your preferred payment mode

7. Enter requested payment details

8. Check the details and click on ‘PAY NOW’

Fees and charges

Depending on the transaction amount and payment mode, a convenience fee of up to 2% (inclusive of applicable taxes) will be charged. For more information on fees and charges, click here.

Note: For failed transactions, the total amount, including charges except taxes, is reversed.