HR Glossary

What is Group Medical Insurance?

An employer-purchased health insurance policy covering a group of employees and their dependents under a single master policy, commonly referred to as GMC (Group Mediclaim) in India.

Why it matters in hiring

Group Medical Insurance comes up whenever teams compare candidates, set policy or report on people data. Getting the definition right keeps decisions consistent, which is the same reason springhire scores every applicant against the same criteria rather than on impression.

Related terms starting with G

• Graphic Rating Scale
• Gratuity
• Gratuity (UAE)
• Gross Pay
• Gym Membership
• Great Place to Work
• Grievance
• Grievance Procedure

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