India is home to one of the largest workforce in the world. Considering this fact many organizations in India are offering employee benefits that are both monetary and non-monetary in nature. This can be health insurance, gym memberships, paid time off, skill development programs, etc. The employers make sure the employees are happy and satisfied at work.
What are employee benefits ?
Employee benefits are any perks or other forms of compensation that are given to workers in addition to their regular pay and salaries. Health insurance, life insurance, paid time off (PTO), profit sharing, retirement benefits, and other benefits may all be included in a comprehensive package of employee benefits.
Read: Monetary employee benefits
Let us look into some Indian organizations that offer some of the best employee benefits in India.
1. TCS employee benefits in India
Employees working for TCS have positive reviews about their organization and the benefits they receive. They are content with the good work culture and organizational policies. Some of the popular and common employee benefits offered by the TCS management are
- Paid sick leave for employees,
- Paid holidays,
- Educational training or certifications reimbursements,
- Group health insurance policies,
- Mediclaim facilities,
- Life insurance plans for employees, etc.
- Gym memberships
- Health club memberships etc.
Read: Group health insurance guide
2. Google employee benefits in India
The employees working for Google India are happy about their workplace environment. They are satisfied with the work culture and it even motivates them. The work schedules are flexible and there are numerous recreational activities also. Plenty of indoor and outdoor games are available for the employees. It makes their minds refreshed. The well-equipped gym provides an opportunity for the employees to maintain their health and wellness. The organization also celebrates special occasions. This work environment helps the employees feel rejuvenated and productive. Hence, it can help employees focus more on their work.
Read: Company culture examples to inspire from
3. Accenture employee benefits in India
Accenture provides its employees a ‘Total Rewards’ package which includes compensation benefits and assistance for professional growth. Moreover, there are various programs offered by the organization which help the employees to maintain a good professional career and healthy lifestyle. Accenture provides numerous benefits for employees which includes
- Group health insurance schemes
- Dental coverage
- Disability coverage.
- Financial rewards like Employee share purchase program, Accenture discount directory, flexible spending accounts, etc.
- Flexible time schedules, vacations and paid time off, etc.
Here the employees have the opportunity to maintain a healthy work-life balance. Furthermore, there are several employee assistance programs, online fitness programs, wellness programs, etc. for the employees to lead a healthy lifestyle.
Read: Employee benefits in India
4. Amazon employee benefits in India
Amazon offers great benefits to their employees and their family members from day one of their jobs. These extensive benefits include health coverage, parental leaves, future savings, and other resources for well-being. In health insurance, the benefits include health insurance, dental insurance, vision insurance, temporary and long-term disability insurance. Retirement and financial benefits include profit sharing, 401(k) plan, and defined contribution pension plan.
5. ICICI employee benefits in India
ICICI offers a wide range of benefits to its employees. They offer employee skill development activities like job training and education assistance to new and existing employees. The company also trains in soft skills and provides expertise in using new tools. They also have structured life insurance for employees and their families, maternal and paternal leaves, performance bonus, pension plan, and paid family vacations. Employees can also apply for company cars, gym membership, and employee discounts.
6. HDFC employee benefits in India
The biggest benefit a long-term employee gets working in HDFC is loan benefits. Apart from the cash compensation and perquisites, the company provides assistance via medical insurance, family vacations, maternity leaves. The loan benefits include housing loans, personal loans, and vehicle loans at concessional rates. The organization also believes that such policies are key in building goodwill for the organization among the employees.
7. Axis employee benefits in India
Just like any other bank which gives loans at concessional rates, axis bank also does the same with their employees and gives out loan benefits as low as 4% interest. Paid leaves, sick leaves, car allowances with mileage reimbursement are some of the benefits enjoyed by employees. It has been said that employees have a casual home-like atmosphere at work along with top-notch retirement plans.
8. Quess Corp employee benefits in India
Quess Corp provides healthcare and life insurance to its employees. The work culture is well maintained with employee assistance programs, employee discounts, and gym memberships. Other benefits include stock options and equity, great incentives, and personal benefits like maternity leave, certification reimbursement, educational training, and apprenticeship program.
9. Fidelity Information Services employee benefits in India
Employees working in Fidelity enjoy many insurance benefits like health insurance, life insurance, dental insurance, vision insurance, temporary and long-term disability insurance, accidental death, and dismemberment insurance. There is another benefit called prepaid legal which protects its employees from losses that can be incurred in the course of working with an attorney. This firm provides many pension and welfare benefits, profit sharing, and 401(k) plans. Casual dressing, free drinks, and water are some workplace benefits.
10. Infosys employee benefits in India
Infosys provides many benefits and looks after the welfare of its employees. The employees are satisfied with their workplace environment. The company holds monthly outdoor parties with some fun activities. Gym, swimming pool, badminton, basketball court, yoga classes, and many such recreational games are provided by Infosys at minimal costs. Other benefits include well-planned insurance policies, group health insurance, and extensive retirement plans. Workers of Infosys say that this is the best service-based Indian company and call their workplace a ‘knowledge hub’. They provide great incentives too.
Read: Fun Friday games and activities
11. HCL employee benefits in India
Employees of HCL feel privileged as the company keeps its employees satisfied and responds to their concerns. Basic needs like laptops, cell phones, monthly bills, and allowances are common in this company. Employees boast that they have the best working atmosphere and flexible schedule in HCL. Paid sick leaves, maternity leave, paid vacations and family vacations from employers are some of the benefits. There is a wide range of insurance policies and family welfare policies. HCL also provides education and training to their employees. Gym, yoga, sports, corporate wellness programs, and other recreational activities are provided at minimal costs. There are no restrictions on dress codes too. Employees say this company gives them a platform for global exposure, follows a culture of entrepreneurship and employee first policy.
Suggested: Tax Benefits of Group Health Insurance for Employers and Employees
12. Bharti Airtel employee benefits in India
At Airtel, employees can choose flexible work schedules, work from home, operate from a remote location, or even work part-time for predetermined periods of time. To improve the quality of the employees' personal lives, daycare facilities and food stores are also made available. The health of Airtel's staff is another concern. The business has a top-notch fitness centre and spa right in the office. All successes and new products are enthusiastically acknowledged at Airtel. Employees may choose to take up to six months of personal leave, and they may also apply for up to a year of leave for maternity leave or further study.
13. Wipro employee benefits in India
Wipro offers its employees benefits like paid holidays, maternity benefit with extended leave of absence, and vacation to help them strike the ideal balance between work and life. Additionally, employees are encouraged to participate in various CSR initiatives under the slogan "Wipro Cares." Wipro's counselling programme, "Mitr," assists employees in overcoming challenges in their personal and professional lives.
14. Canon employee benefits in India
The annual health checkups sponsored by Canon are recommended for both employees and their families to attend.. Additionally, frequent health camps are held in the office building. Aside from providing health and accident insurance, the organisation also offers coverage for the employees' parents, spouses, and kids. Employees are supported by the Accident Insurance Policy in the event of an accident. Employees on the front lines of sales and service are given the option of virtual working, which allows them to report in the field without having to report to the office for attendance or reporting.
15. Intel employee benefits in India
The Intel employee benefit plans are designed to keep staff members happy and productive. The majority of employees qualify for two significant bonus schemes each year. A variety of comprehensive medical, dental, and vision coverage options are available from Intel, offering staff members access to care that is both affordable and flexible. Every Intel employee is entitled to annual vacation time. With time spent in service, more vacation days may be given. Intel also offers financial aid for qualified employees to complete degree programmes, coursework, or certificates that are connected to their line of work in order to promote continuous education. The majority of Intel campuses feature on-site amenities that offer leisure activities including basketball, volleyball, fitness centres, workout classes, and other things.
How to get employee insurance from the best employee benefits companies in India?
To get the best employee insurance plan, simply follow these steps:
- Research best employee benefits providers: Explore different insurance providers that offer employee insurance plans in India. Look for a track record of providing quality coverage and excellent customer service. Compare their offerings, including the types of coverage, network of healthcare providers, and pricing.
- Evaluate plan options: Review the insurance plans available from different providers. Pay attention to the coverage limits, deductibles, co-pays, and any exclusions or limitations. Consider how well the plans align with your employees' needs and preferences.
- Consider employee feedback: Seek input from your employees regarding their insurance preferences. Conduct surveys or hold discussions to gather their feedback on the types of coverage they value the most, their preferred network of healthcare providers, and their experiences with insurance providers.
- Cost analysis: Compare the costs associated with different insurance plans. Consider the premiums, employee contribution rates, and any additional fees or charges. It's essential to strike a balance between providing comprehensive coverage and managing costs effectively.
- Review plan documents: Carefully review the plan documents, including the insurance policy, coverage details, and any exclusions or limitations. Ensure that the plan meets legal and regulatory requirements, as well as your specific organizational needs.
- Communicate with employees: Once you have selected an employee insurance plan, communicate the details effectively to your employees. Provide clear explanations of the coverage, benefits, and any changes from previous plans. Address their questions or concerns and ensure they understand how to access and utilize their insurance benefits.
Remember that the "best" employee insurance plan may vary depending on the needs and preferences of your employees, as well as your budgetary constraints. It's crucial to strike a balance between providing comprehensive coverage and managing costs effectively for both your organization and your employees.
Provide employee health benefits to your team with Pazcare
Employee benefits have their own importance in retaining talent and increasing the workplace productivity. In the earlier days a basic health insurance plan and good pay was enough to hire a potential candidate. Today it is much more than that. The benefits provided by the organization is what determines the financial proposition of a job. Further, the benefits provided to employees can make them satisfied and increase the employee engagement rate of the workplace. Moreover, the kind of benefits you provide is what makes your organization stand out from the rest.
Pazcare conducted an employee benefits survey across 100+ enterprises. More than 120 HR and People operation leaders answered the survey and the employee wellness report is the first of its kind. It is a must-read for teams that are rethinking workplace health and happiness. Download your free copy of the report now.
We provide customized group medical insurance policy to companies and start-ups with as low as 2 employees. Along with this we also provide other benefits like group term life insurance and group personal accident insurance. To understand more on the benefits for employers and employees, have a look at our group health insurance guide.
Get started with your team's group health insurance plan now
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