Commonly Offered Employee Benefits

Employee benefits play a crucial role in shaping the overall job satisfaction and well-being of individuals in the workplace. In India, as the corporate landscape evolves, companies are increasingly recognizing the importance of providing a comprehensive benefits package to attract and retain top talent. Let's delve into the most commonly offered employee benefits in Indian companies.

Read more
Personalised health plans that fit your organizations requirements & dedicated experts to help you choose.
Customized plans

Affordable prices

24X7 Support

Dedicated claims manager

Total Care

All round wellness benefits

Fast-track your search with instant quotes from top insurers
₹1 Lakh cover starting at
₹110/employee+
No medical test required
Zero waiting period
Paperless claims
secure-icon We don't spam
Get Updates on WhatsApp
By clicking on "View Plans Instantly" you agree to our Privacy Policy and Terms Of Use and also provide us a formal mandate to represent you to the insurer and communicate to you the grant of a cover.

Whom do you want to insure?

  • Employee, spouse & kids

  • Employee only

  • Group Health Insurance: One of the foremost concerns for employees is access to quality healthcare. Many Indian companies offer health insurance coverage, ensuring that employees and their families are protected against medical expenses. Comprehensive health plans often cover hospitalization, outpatient services, and even preventive care.
  • Provident Fund (PF) and Gratuity: PF and gratuity are statutory benefits provided by Indian companies. Employees contribute a percentage of their salary to the Provident Fund, and employers also make a matching contribution. Gratuity is a lump sum amount paid by the employer to an employee as a token of appreciation for long-term service.
  • Employee Provident Fund (EPF): The EPF is a government-mandated savings scheme designed to secure the financial future of employees. Both employers and employees contribute to the EPF, and the accumulated amount can be withdrawn at the time of retirement or in case of specific emergencies.
  • Paid Time Off (PTO): Work-life balance is a key consideration for employees, and paid time off is an essential component of this balance. Companies in India often provide a set number of leave days, encompassing vacation, sick leave, and public holidays.
  • Performance Bonuses: Many companies in India implement performance-based bonus structures to motivate employees and reward outstanding contributions. These bonuses, often tied to individual or team achievements, serve as an additional incentive beyond regular compensation.
  • Flexible Work Arrangements: Recognizing the changing dynamics of the modern workforce, several Indian companies offer flexible work arrangements such as remote work, flexible hours, or compressed workweeks. This empowers employees to better manage their work and personal commitments.
  • Training and Development Opportunities: Continuous learning is a hallmark of successful organizations. Indian companies invest in the professional development of their employees by providing training programs, workshops, and opportunities for skill enhancement. This not only benefits the individual but also contributes to the company's overall growth.
  • Transportation Facilities: In major metropolitan areas where commuting can be challenging, some companies provide transportation facilities or reimburse commuting expenses. This employee benefit aims to alleviate the stress of daily travel.
  • Employee Assistance Programs (EAPs): Mental health is gaining increased attention, and many Indian companies are introducing Employee Assistance Programs. These programs offer confidential counselling and support services to help employees navigate personal and professional challenges.
  • Childcare Support: Recognizing the challenges working parents face, some companies offer childcare support, which may include on-site day care facilities or reimbursement for childcare expenses. This benefit enables employees to focus on their work while ensuring the well-being of their children.

Conclusion

In India, the landscape of employee benefits is evolving to align with the diverse needs of the workforce. From traditional benefits like health insurance and provident funds to more contemporary offerings like flexible work arrangements and mental health support, companies are adopting a holistic approach to employee well-being. As organizations strive to attract and retain top talent, a comprehensive and thoughtful benefits package has become a key differentiator in the competitive job market.

Written By: PolicyBazaar - Updated: 15 January 2024

Wait! Didn't find what you were looking for?

Our certified business insurance experts are just a call away.

Call scheduled successfully

Thank you
Our experts will provide you assistance with your
insurance coverage. Be assured, all your questions
will be answered

Customizable plans from top insurers

starting @ ₹110/employee*

View Quotes
Group Health Insurance Articles
GIPSA stands for General Insurance Public Sector Association.It is a group of four General insurance companies...Read more
28 Apr 2022 by Policybazaar 14570 Views
Employee welfare is one of the prime responsibilities of an employer. It helps in the smooth functioning of the...Read more
29 Nov 2022 by Policybazaar 7518 Views
A group medical insurance scheme offers many benefits in addition to providing financial support during medical...Read more
08 Feb 2023 by Policybazaar 6934 Views
When it comes to insurance, it's important to have a clear understanding of the available options. GPA (Group...Read more
01 Jun 2023 by Policybazaar 6484 Views
Adequate health insurance forms an important component in a sound and practical personal financial plan. Its...Read more
21 Sep 2022 by Policybazaar 6735 Views
Nonprofit organisations are crucial in bringing about social...Read more
27 Feb 2024 by Policybazaar 9 Views
In today's fast-paced and competitive world, mental health...Read more
23 Feb 2024 by Policybazaar 34 Views
In today's fast-paced and competitive world, the importance of...Read more
22 Feb 2024 by Policybazaar 29 Views
Group health insurance for high-risk occupations (GHI) plays a...Read more
13 Feb 2024 by Policybazaar 75 Views
Providing health insurance coverage to employees is a gesture of...Read more
08 Feb 2024 by Policybazaar 79 Views
Policybazaar for Business - Group Health Insurance - Customer Reviews
View all
4.4/5
Based on 189 reviews
4.4
out of 5
Based on 189 reviews
38 users
136 users
15 users
0 users
0 users
3.8 April 09, 2023
Mansi
Excellent Support
It was easy to buy insurance from PolicyBazaar website and customer support was also amazing to clear all the doubts.Thankyou. Highly worth it.
Dehradun
4.3 April 01, 2023
Mahesh
Necessary Investment
It is a good and necessary investment. Thanks PB.
Lucknow
4.3 March 24, 2023
Surya
Provides Satisfactory Results
I purchased Group health insurance at policybazaar recently and i am so much satisfied with the plan. The application process was smooth and efficient, making the typically tedious task of getting insurance surprisingly hassle-free.Thanks PB.
Bareilly
3.8 March 16, 2023
Naveen
Helpful In Making Decisions
When it came to selcting the right Group Health Insurance, Policybazaar offered an impressive range of options from reputable insurers. I appreciated the comprehensive details avalable for each policy which helped me to take the better decisions. Thankyou.
Delhi
4.3 March 15, 2023
Rajesh
Increases Clients Expectations
I recently had the pleasure of securing a Group Health Insurance policy throug PolicyBazaar and I must say the Entire process exceeded my expectations! From start to finish, their service werw great. Thankyou.
Delhi
3.8 March 02, 2023
Ravi
Great Experience
I got great deals on PolicyBazaar website. Highly recommend.
Pune
4.3 February 17, 2023
Diljeet
Excellent Purchase
It was a excellent purchase at PolicyBazaaar. Thankyou team.
Coimbatore
4.3 February 04, 2023
Satya
Prompt Services
Policybazaar's efficient claims process was impressive. In case of any medical emergencies, my employees were able to get their claims settled swiftly, allowing them to focus on their health and recovery without worrying about financial aspects.Thankyou
Chennai
4.3 January 22, 2023
Abhishek
Budget Friendly Purchase
Thankyou PolicyBazaar for providing such a great plan at affordable premium rates. It was a budget-freindly purchase.
Delhi
4.3 January 09, 2023
Abhash
Multiple Range Of Benefits
I purchased Group health Insurance which offered me plans with affordable rates Thankyou PB.
Pune