What is Employee Insurance Policy?

Download Employee Insurance Policy PDF Format For Free

The Employee Insurance Policy aims at providing benefits and assurance at the workplace according to the rules set by the Government. The insurance provided is divided into medical and social both securities and are compliant to decisions the government has formulated. With the policy, the employees get compensated for the workplace hazards and threats they face that can even cost their lives. The workplaces like factories, which comprise heavy physical work, generally design such a policy to support their employees. They ensure the employees that in situations of such accidents, the employees will be provided with accurate insurance coverage without any mismanagement.

Under this, employees can get health security coverage from the hospitals and clinics with whom the company has tie-ups. The assurance covers the hospitalization coverage along with the post medicine charges. Some of the insurances under this example template also protects the family members along with the employees themselves. Thus, provide your employees with health security using the Employee Insurance policy template.

In this policy, you will get:

  • The meaning of insurance for the employees’ work nature.
  • The purpose of an employee’s health insurance policy is to brief it out to the employees.
  • The scope of the policy to whom it is applicable regardless of the position.
  • The type of insurance you can provide that is compliant with the government laws.
  • The Sample policy for you to design for your company to compensate your employees for the risks they take while working.
  • The guidelines under which the employees can receive insurance from the company.
  • The limitations for which the company does not provide insurance.
  • The amount of insurance covered based on employee position and departmental category.

Employee Insurance Policy Template Sample

‘Name of the Company’ believes that employees’ health is of utmost priority, and we ensure that security measures are to be taken accordingly. If somehow the employees are a victim of an accident, the company assures the employees of proper health insurance coverage. The insurance provided by the company remains 100% compliant to the government rules and regulations under the labor acts.


The purpose of the Employee Insurance policy is to help the employees with proper health insurance coverage with a hospital/clinic, ‘Name of the Company’ has tie-ups with. The company assures to help the employees in the situation of any financial burden and provide them immediate medical care.


The policy applies to every employee working currently for ‘Name of the Company’ and only applicable to the period of employment.


The employees are provided insurance under a list of situations that can be a threat to employees’ health. These situations may be any one of the following:

  • Financial coverage of loss of life due to an accident at the company premises only.
  • Operative charges for any type of medium or small injury.
  • Medication charges.
  • Hospital charges.
  • Insurance settlement and helping of the same to the family members.

The employee can only avail of insurance under the above conditions with the hospital/clinic who has tied-up with the company.

The company will also provide ESIC benefits to the employees, as stated by the government.


Employees of ‘Name of the Company’ cannot avail of the benefits of this policy under the following conditions:

  • If the employment period of the particular employee has been completed with the company.
  • If the employee is admitted to a hospital, the company has no tie-ups.

Insurance Coverage guidelines

This insurance will cover the hospitalization charges for the employees under the following conditions:

  • Senior Managers and above level: ₹ 50,000 per annum
  • Junior Managers and below level: ₹ 10,000 per annum


The policy will be shared with all the employees through the online portal and mobile app.


Download Employee Insurance Policy Template

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