Voluntary Employee Benefits

Employees are the most important asset for any organisation. With a booming economy, and abundant job opportunities organisations need to differentiate themselves as distinct employers. The role of an employer does not end with creating a great work environment, and providing excellent opportunities. It also needs to facilitate employees to protect themselves from the vagaries of life such as accidents, illnesses etc.

• Why Voluntary Employee Benefits?

  In India, employee benefits traditionally comprise benefits like Group Life Insurance, Group Personal Accident Insurance & Medical Reimbursement. However, it is seen that in most organizations, the cover provided through these benefits is not fully adequate to meet the needs of the employees. Group Life and Group Accident Insurance are provided only to the employees and not to the families. Medical reimbursement benefits are typically extended to the employee, spouse & children. Rarely are the parents of the employees covered. In the unorganized sector, there are no tangible benefits at all provided to the employees. Considering all these factors, there is a clear need for extra support needed for all types of employees in India. Global and local trends indicate that every individual should be covered to the tune of 10 times his/her annual salary in order to take care of liabilities, in addition to ensuring that the dependents enjoy the same lifestyle. Secondly, different employees have different financial needs, and therefore require customized benefits, as opposed to a one size fits all approach. This is where voluntary employee benefits fits in.

  
  

  Our Voluntary Employee Benefits Division offers a unique benefit program to employees of your organization. This benefit program aims to supplement the benefits that you as an organization may already be providing. The cost for this supplemental benefit is borne by the employee. The employee is free to choose coverage levels that are in tune with his/her current, as well as expected future lifestyle.





• Some key highlights of our program
  • Convenience: Our in house team will visit your company's office premises and conduct the benefits program.
  • Low contribution from employees: Since this is a corporate program, your employees get the maximum benefits at extremely low costs.
  • Easy payment options: Employees can choose either Payroll Contribution or Direct Debit from their individual bank accounts ( ECS ).
  • Family benefit: An employee can also choose to extend the benefits to his/her spouse, children and parents. Other employee benefit plans in the market do not include this option.
  • Minimal administrative hassles for the employer (at zero cost): We require no supporting documents from the employees, since this is a corporate benefits program. In addition to this, we will handle other administrative issues like enrolment, filling up forms, monthly billing statement generation etc.
  • Highly specialized team of Benefit Communicators: Our in house team is highly trained to advice your employees on appropriate benefits plan keeping in their mind their current lifestyle, income etc.
• If your organization is interested in this program please fill out the following form for a detailed presentation by one of our Benefit Consultants (at no charge). The Benefit Consultant will present our entire array of benefit programs, as well as advise you on right kind of plan for employees of your organisation.