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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 :)

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Elon_Musk

X.com

2 years ago

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.
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ToughBeef29

Stealth

2 years ago

do you think the number is higher or lower?
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Elon_Musk

X.com

2 years ago

Lower. Most companies only cover dependents like wife and kids. Parents are not included
See more comments
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Confusedsoul

Stealth

2 years ago

Employees are not bothered about company provided health insurance as they have insured outside their employer. Organisations provide health insurance but not job insurance!!
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ToughBeef29

Stealth

2 years ago

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

Stealth

2 years ago

More insurance in India would only inflate the CTC
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potatomato

Fintech Startup

2 years ago

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

spotnana

2 years ago

that is why i have my own insurance as well of 50L . never depend completely on company
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20GTR

US-based Product Company

2 years ago

Very true
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Sreekanth

Unnamed

a year ago

I don't understand what exactly you want to hear from the community. If you are working at Plum, you might already know that the service based companies have legal back door arrangement. These companies hire their own insurance broking arm (and give commission) to find a cheap insurer. A PSU company enters on behalf of this broker and underwrites policies. Tech M HIP through United India insurance allows only sharing room, blood is not covered, sometimes patient food is not covered, consumables not covered, cancer treatments not fully covered, cataract has ₹25k limit, domiciliary is not covered etc etc. ₹4 lakh for majority of employees. Parents insurance is available but only for ₹3 lakh. Very expensive. Insurance coverage can't be increased or decreased and locked for 3 years.
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