CosmicRaccoon
CosmicRaccoon

Indian employees are under insured by companies

The median sum insured is only 3 Lakh Only 56% offer maternity benefits Only 25% provide cover for employees’ parents

Hey folks, I work at Plum and this week launched our State of Employee Benefits report (https://www.plumhq.com/state-of-eb). We dug into a ton of data and turns out employees in India don’t really get a good deal when it comes to insurance and other health benefits. Here’s some more interesting aspects -

  1. While Unicorns are doing better than most companies out there, even competing unicorns could have vastly different policies and coverage

  2. Enterprise safety is a real thing. They definitely tend to do better than all the ‘hyper-growth, hustle is life’ startups

Would love to hear from this community. And please AMA about the report or how to evaluate your own company-provided insurance and benefits :)

21mo ago
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GroovyBoba
GroovyBoba

The other insurer button doesn't work on the website. And foreign health insurance companies are not listed.

And are you saying 25% companies provide health insurance for parents? For free? Doesn't seem right.

SwirlyDonut
SwirlyDonut

do you think the number is higher or lower?

GroovyBoba
GroovyBoba

Lower. Most companies only cover dependents like wife and kids. Parents are not included

SqueakyKoala
SqueakyKoala

More insurance in India would only inflate the CTC

GoofyDonut
GoofyDonut

Oof, imagine 10 years of insurance cover added to “3cr package” headlines

GigglyJellybean
GigglyJellybean

Employees are not bothered about company provided health insurance as they have insured outside their employer. Organisations provide health insurance but not job insurance!!

SwirlyDonut
SwirlyDonut

There are a lot of freshers who join without already having health insurance, they might need support from the company

PeppyCupcake
PeppyCupcake

that is why i have my own insurance as well of 50L . never depend completely on company

PrancingTaco
PrancingTaco

Very true

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