Top 5 employee benefits platforms in India

92% of employees in India feel that the employee benefits provided to them are barely of any use. The majority of employees feel that the benefits are either not personalized or they hardly cater to their needs. By just purchasing the best employee benefits from the top employee benefits platforms, you are retaining top talents in your organizations.

The modern Indian workforce no longer just seeks that “high CTC package”. Today’s workforce has shifted their focus from just high salary figures to comprehensive employee benefits that give them security and protection at all times.

Finding the right employee benefits platform is halfway through getting the best employee benefits that exactly meets the requirement of your workforce.

What is an employee benefits platform?

An employee benefits platform is a digital solution that helps HRs and employers manage and deliver employee perks like group health insurance, wellness programs, tax-saving cards, and flexible allowances in one place. It simplifies administration, improves transparency, and ensures employees can easily access benefits.

Top 5 Employee benefits platforms in India

Here’s the list of the top 5 best employee benefits platforms in India.

1. Pazcare

Trusted by 2000+ companies, Pazcare has been able to place itself as the top best employee benefits platform in India. Pazcare remains the top choice for companies mostly because of its tech-enabled employee benefits platforms which help companies manage employee insurance & benefits at their fingertips.

Pazcare offers innovative insurance products like group health insurance, group term life insurance, group personal accident insurance, employee benefits tax saving cards, and health & wellness products that enable organizations to provide world-class benefits to their workforce. Pazcare offers your team enhanced employee benefits like mental wellness, virtual doctor consultations, regular check-ups, dental consultations, and many more at affordable prices.

Mindtickle, Treebo Hotels, Chaayos, Mamaearth, Beer Biceps, and Lead School are some of the clients that enjoy the benefits provided by Pazcare. Pazcare is backed by marquee investors including BeeNext Ventures, 3one4 Capital, Varun Alagh, and Ashneer Grover.

2. Anviti Insurance

Anviti Insurance Brokers Private Limited is a leading insurance brokerage firm that provides a broad range of risk, retirement, and health solutions to its clients. Anviti renamed Aon India Insurance Brokers has been able to remain the top employee benefits provider in India with its innovative offerings like risk management, property and business integration, health benefits, reinsurance, and so on.

Founded in 2016, Anviti Insurance Brokers helps organizations provide comprehensive employee benefits to their employees with their advanced analytics employee benefits platforms. Anviti provides solutions to its clients and helps them make informed decisions to grow their businesses.

With 50,000+ employees worldwide spread in 120 countries, Anviti helps clients to improve their performance with their commercial risk solutions, reinsurance/ retirement solutions, and health solutions.

3. Howden Insurance Brokers India Pvt Ltd

Spread across 80 countries with over 5,000 specialists, Howden Insurance Brokers India Private Limited (Howden India) has made it to the top insurance benefit brokers in the country. Howden India provides comprehensive risk management, consulting insurance broking, and insurance portfolio management services to its clients. Their tech-enabled employee benefits platforms help their clients navigate the benefits at their fingertips.

Howden Insurance Brokers specializes in liability, construction, property insurance, and employee benefits. Clients prefer Howden Brokers because of its top-notch customer risk management and insurance solutions. The corporate office is in major metro cities in India like Mumbai, Delhi, Bangalore, Kolkata, and so on.

Howden Insurance Brokers ensures world-class services to its clients with its experienced, multidisciplinary team of experts who are dedicated to providing robust insurance solutions to its clients.

4. Ethika Insurance

Using technology and innovation to simplify employee health insurance, Ethika Insurance has made it to the list of top insurance benefit brokers in the country. Ethika Insurance Brokers aim to redefine employee benefits by adding the most missing element in employee group health insurance, which is employee happiness.

With over 450+ happy clients, Ethika Insurance has been able to impact 100K lives. Ethika Insurance brokers believe that the real purpose of employee health insurance should not be just limited to providing financial support. Organizations should focus on preventing their workforce from getting sick in the first place.

Quest, Skillsoft, The Scalers, and Gainsight are some of the major clients of Ethika Insurance. With the core focus on employee happiness, Ethika Insurance is here to disrupt the employee benefits space.

5. Mahindra Insurance Brokers

With the mission of providing value to customers with innovative insurance products, Mahindra Insurance Brokers has been one of the most preferred insurance benefit providers for organizations. By understanding your insurance needs, Mahindra Insurance brokers provide cost-effective solutions to ensure customer satisfaction.

Mahindra Insurance Brokers is a total insurance risk solution provider foraying into the reinsurance broking business to provide clients the world-class service.

Since the inception of Mahindra Insurance Brokers Ltd. (MIBL), it has been providing customized solutions to its clients in the most cost-effective way. With the motto “Every person at every doorstep should be insured”, Mahindra is on the mission of helping clients thrive with the best employee benefits.

Features of a good employee benefits platform

• HRMS/Payroll Integration: Syncs automatically with employee data and payroll.
  
• Mobile-Friendly: Employees can access benefits anytime, anywhere.
  
• Flexi-Benefits: Let employees choose perks that matter most to them.
  
• Wellness Add-Ons: Mental health, fitness, and telemedicine options.
  
• Claims Tracking: Transparent, real-time updates on reimbursements.‍
• 24x7 Support: Quick help for employees and HR teams whenever needed.

How do employee benefits platforms help organizations?

Employee benefits platforms are designed to provide benefits at the fingertips of each and every employee in an organization that improves the overall employee experience. Here’s how an organization can benefit by just being on the right employee benefits platform.

• Increases employee engagement in an organization
• Helps employees navigate their employee benefits better
• Provides complete visibility & accountability between employees and employer
• Improves employee retention in an organization.

In a recent research, it was concluded that the main reason for employee retention is the comprehensive employee benefits offered by an organization. By just reaching out to the best employee benefits brokers, you’re embarking on a journey to make your organization the best place to work.

Ready to upgrade your employee benefits?

‍Discover how the right employee benefits platform can simplify HR management, boost employee engagement, and improve retention.

Book a free demo with Pazcare today.