India Inc investing in employee benefits despite constrained budgets and rising premiums – Median insurance coverage up 66%, Preventive healthcare usage jumps 110%, Flexible benefits adoption doubles
Plum: The State of Employee Benefits 2024 ~ Plum, India’s leading insurtech platform today launched its flagship report, The State of Employee Benefits 2024. The study encompassing 4500+ companies revealed that the median Sum Insured has risen 66% from ₹3L- ₹5L . There has also been a 2x uptick in flexible benefits adoption (insurance programs that can be personalised by employees), a 15% increase in companies offering maternity benefits and a 110% surge in companies offering comprehensive healthcare (preventive and primary). Amidst tight budgets, companies have aimed to...
