Employee welfare entails everything from services, facilities and benefits that are provided or done by an employer for the advantage or comfort of an employee. It is undertaken in order to motivate employees and raise the productivity levels.

In most cases, employee welfare comes in monetary form, but it doesn’t always bend that way. Other forms of employee welfare include housing, health insurance, stipends, transportation and provision of food. An employer may also cater for employees’ welfare by monitoring their working conditions.

The employee welfare insurance policy for employees is advantageous for both employer and employee.

Employees are the treasured part of any organization. These days more and more companies are becoming employee-centric and corporate Employee welfare insurance has emerged as one of the most preferred benefits to lure new talent. It plays a crucial role in influencing the psychology of an employee. It makes him feel part of a company and thus, it curtails employee attrition rate and unrest in labor unions. Moreover, it increases their productivity which increases profitability of a business. Special insurance schemes where families are also covered for benefits make employees faithful towards their employers. Moreover, by offering coverage to your employees, you become eligible to get tax deductions under Income Tax Act. So group health insurance policy is a win-win situation for both employees and employers.

Employees are the treasure of any organization and thus the companies provide various facilities to give them a healthy work environment. These days organizations are becoming more employee-centric than before and hence they offer employee Welfare insurance plans to its employees. Some of the reasons why group employee Welfare insurance plans are required and beneficial for both employers and employees