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
Tailored health plans, dedicated expertise - the perfect match for your organization's well-being
Customized plans

Affordable prices

24X7 Support

Dedicated claims manager

Total Care

All round wellness benefits

Fast-track your search with instant quotes from prominent insurers
₹1 Lakh cover starting at
₹110/month/employee+
No medical test required
Zero waiting period
Paperless claims
secure-icon We don't spam
Get Updates on WhatsApp

Whom do you want to insure?

  • Employee, spouse & kids

  • Employee only

Wellness At Work

Benefits of group health insurance

  • 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 Both employers and employees contribute to the EPF, and the accumulated amount can be withdrawn at the time of retirement or in case of specific emergencies.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.

Key reasons to prioritize Group Health Insurance

  • Critical Job Factor

    According to a report by Society for Human Resource Management (SHRM), 60% of employees consider health insurance essential when choosing a job.

  • Boost Productivity

    According to World Health organisation (WHO), poor health can cause a 20-25% drop in productivity.

  • Tax Benefits

    Employer-paid health insurance premiums are tax-deductible under Section 80D .Not offering this can mean missing out on tax savings.

  • Regulatory Compliance

    The Indian government has introduced regulations like Social Security Code, 2020 the which mandates health insurance for certain sectors. Non-compliance can lead to penalties.

Ensure you're covering all bases with group health insurance to attract top talent, improve productivity, and stay compliant!

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.

calcu-img

Group Health Insurance Premium Calculator

Who do you want to insure?

  • Employees
  • Employees & their family
icon

Minimum lives should be 7

  • 1 Lakh
  • 2 Lakh
  • 3 Lakh
  • 4 Lakh
  • 5 Lakh

Include maternity coverage

Premium starts from

(Excluding GST)

Let's find the right plan for you

Speak to our experts to get the right plan for your company's needs

icon Expert advice made easy icon
  • Date
  • Time

When do you want a call back?

  • Today
  • Tomorrow
  • 10 Nov
  • 11 Nov
  • 12 Nov
  • 13 Nov
  • 14 Nov

What will be the suitable time?

  • 11:00am - 12:00pm
  • 12:00pm - 01:00pm
  • 01:00pm - 02:00pm
  • 02:00pm - 03:00pm
  • 03:00pm - 04:00pm
  • 04:00pm - 05:00pm
  • 05:00pm - 06:00pm

Tell us the number you want us to call on

Your privacy matters. We won't spam you

Call scheduled successfully!

Our experts will reach out to you on 4th June between 2:00 PM - 3:00 PM

Wellness At Work

Benefits of group health insurance

Disclaimer: Above mentioned insurers are arranged in alphabetical order. Policybazaar.com does not endorse, rate, or recommend any particular insurer or insurance product offered by an insurer.

Now help your friend get Business Insurance

Your referral is greatly appreciated!

Our team will reach out to your friend soon to help with their business insurance requirements.

Unlock free PDF with One last step!

File Download Successfully!

Resolve your doubts about insurance.

Our certified business insurance experts are just a call away.

icon Expert advice made easy icon
  • Date
  • Time

When do you want a call back?

  • Today
  • Tomorrow
  • 10 Nov
  • 11 Nov
  • 12 Nov
  • 13 Nov
  • 14 Nov

What will be the suitable time?

  • 11:00am - 12:00pm
  • 12:00pm - 01:00pm
  • 01:00pm - 02:00pm
  • 02:00pm - 03:00pm
  • 03:00pm - 04:00pm
  • 04:00pm - 05:00pm
  • 05:00pm - 06:00pm

Call scheduled successfully!

Our experts will reach out to you on 4th June between 2:00 PM - 3:00 PM

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 19039 Views
Extended work hours or working on holidays and weekends have become common in workplaces. Compensatory leave for...Read more
18 Apr 2024 by Policybazaar 2667 Views
Under Section 37(1) of the Income Tax Act, 1961, an organization can apply for tax exemption on the premiums paid...Read more
29 Nov 2022 by Policybazaar 10726 Views
GPA (Group Personal Accident) and GMC (Group Medical Coverage) are two popular types of insurance policies often...Read more
01 Jun 2023 by Policybazaar 10315 Views
The employer-employee insurance scheme is a valuable benefit for businesses, providing financial support to...Read more
05 Oct 2020 by Policybazaar 23545 Views
Postpartum depression is a serious mental health condition...Read more
05 Nov 2024 by Policybazaar 24 Views
In India, mental health issues are on the rise, with studies...Read more
18 Oct 2024 by Policybazaar 84 Views
Mental health issues have become a pressing concern worldwide...Read more
18 Oct 2024 by Policybazaar 68 Views
Startups and tech firms, once symbols of growth, now face...Read more
10 Oct 2024 by Policybazaar 111 Views
Postpartum depression (PPD) affects around 1 in 7 mothers...Read more
09 Oct 2024 by Policybazaar 92 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