NEW DELHI: Flexible health insurance plans have seen an upsurge of almost 300 per cent in the last five years in India, said a report on Tuesday.
The report by Mercer Marsh Benefits (MMB) showed that even as the workforce in the country is evolving, organisations are reinventing benefits to meet diverse employee needs. Beyond statutory provisions, companies are increasingly introducing innovative solutions like flexible health insurance plans.
Further, understanding the workforce needs employers are increasingly expanding coverage to include fertility treatments, surrogacy, and adoption benefits. Employees are also demanding greater autonomy in choosing benefits, leading to increased adoption of customisable insurance and wellness programmes.