I want to know whether the Medical Policy of 3 Lac which is given by the company by default in which along with me my immediate dependents like my spouse and children are covered or not?

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Default policy covers only the employee by default for amount of 3lac per cycle.
However you need to add your immediate dependents to GMC-ESC and/or your parents and in-laws to GMC-P&I before the window closes.

You don't need to pay anything for any addition to GMC-ESC till sum insured upto 3lac but have to pay if you increase sum insured.
However you need to pay additional premium per addition to GMC-P&I for any sum insured.

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