Benchmarking Employee Benefits in India for 2021

Request Asinta’s Market and Benchmark Insight Report for India and get the essential information you need to move forward in your decisions about employee benefits in the country. The report reviews statutory benefits, insured benefits, fringe benefits and perks, plan setup, and onboarding.

The following is an excerpt.

Employees in India value supplementary employer-sponsored benefits, the cornerstone of which is medical insurance, and in particular, the much-desired parental coverage, which is unique to India. Employer-sponsored health, personal accident, and term life insurance are prevalent across white-collar industries and blue-collar organizations where income levels are above the wage ceiling for statutory benefits. Voluntary retirement savings through the National Pension Scheme have increased substantially since the scheme opened to the private sector in 2017, and the government introduced attractive tax incentives.

 

If you have further questions about benchmarking employee benefits in India, please contact Asinta, and we will connect you with Prudent’s local benefits experts.