Group Health Insurance

Group health insurance is a health insurance plan paid by an employer or organization to its members, typically employees. It’s a way for a group of people to share the risk of high medical costs.

A key benefit of Group Health Insurance is employee retention thanks to this key employee benefit. 

The cost of group health insurance for a company varies widely based on several factors:

• Number of employees: Larger groups often get better rates per head.
• Location: Geographical location impacts costs due to differences in healthcare providers and costs.
• Plan type: The level of coverage chosen will affect the premium as well as zone of coverage and if deductible or copays are added to the plan. 
• Employee demographics: Age, health status, and family size of employees influence costs.
• Insurance provider: Different insurers offer varying rates and coverage options.

The main differences between Group Insurance and Individual Health Insurance are the purchasing entity, eligibility and underwriting criteria.
Group Insurance (also referred to as Corporate Health Insurance or Company Health Insurance) is procured by the employer for their employees. Individual Health Insurance is purchased by a person or family directly.

LUMA offers the flexibility to provide quotes from various insurance companies in Asia, ensuring a seamless alignment with your team’s needs and your company’s budget.

Insurance companies in Thailand

When it comes to group insurance in Thailand, you have the liberty to tailor it to precisely match your existing employee healthcare benefits. Alternatively, you can opt to benchmark it against the packaged corporate offers available from renowned insurance companies in the country.
Insurance Companies in Thailand feature key players such as Tokio Marine Life Group Insurance, Muang Thai Life Group Insurance, FWD Life Group Insurance, LMG Group Insurance, Axa Group Insurance, KSK Health Group Insurance, Sunday Group Insurance, and April Group Insurance.

LUMA offers comprehensive group health insurance solutions tailored to your company’s specific needs. As your dedicated partner, we handle every aspect of your plan, from design and administration to claims processing. With a strong focus on Southeast Asia, we provide local expertise and global reach, ensuring your employees have access to quality healthcare coverage.

Yes, LUMA can be setup to cover employees who are based in different locations in South East Asia. 

Yes, you can choose to cover your teams differently depending on seniority, occupation or office location.

There is no minimum employee number within each internal plan, as long as the entire workforce (all plans) includes at least 3 employees.

Some health insurance plans offer coverage for pre-existing conditions, known as Medical History Disregarded (MHD) underwriting. To qualify for MHD, companies typically need at least 10 employees. However, requirements vary by plan and insurer.

For businesses seeking a more affordable option, we can offer plans that exclude pre-existing conditions to lower premiums. Let’s discuss your company’s needs to find the best fit.

The minimum number of employees required for a group health insurance policy varies by insurance provider.

At LUMA we require a minimum of 3 employees to be eligible for our Group Health Solutions. 

Yes, LUMA provides group health insurance solutions tailored for Small and Medium Enterprises (SMEs) in Asia.

Our plans are designed to accommodate evolving business needs while staying within budget.

Offer your employees valuable benefits to enhance retention, with coverage that grows alongside your business.