Employers nowadays are expected to offer Group health insurance to their employees. It is not mandatory, but expectations make it a must for employer to offer to retain the employees. Popularly known as GMC or GHI, it is a very important buying process meticulously looked at by professionally run organizations. It is a powerful tool for Indian businesses to safeguard the health and well-being of their employees. Structure and sum assured: GMC is a group policy essentially in the name of the employer and the lives covered are all the employees. The company pays for the premium and negotiates the price and coverage. GMC is offered to employees with families as groups or families and parents as groups. Often employees find it easy to add parents to family groups because health insurances for elderly are not easy to get or don’t offer required features. The cover offered is 5 lakhs to 20 lakhs per family based on seniority and as per employers’ norms. The is a concept of corporate buffer which acts as an overall cover which can be applied for specific employee’s family. The overall sum assured therefore is the number of family units multiplied by the respective sum assured plus corporate buffer. Cost of health insurance: The cost is usually borne by the employer on behalf of the employee and this facility is often considered as benefits of working in professional company. Each family unit gets a sum insured fixed by the employer. There are employers who want employees to bear a certain percentage of the premium cost, and employers bear the rest of it. Some employers bear the entire cost and do not pass it on to employees. Typical Insurance Covers: