Plum, an insurtech firm offering worker group medical insurance and enterprise insurance coverage options, has launched the “Health Report of Corporate India 2023”. This complete research sheds gentle on worker well being and the hole between well being advantages supplied by employers and availed by workers.

Less than 30% workers take part in firm sponsored wellbeing initiatives with 71% bearing final mile healthcare bills out of pocket (which roughly averages to five% of the annual earnings). A mere 8% avail discounted medicines and fewer than 1% of workers avail imaginative and prescient check-ups, the report mentioned.

Adoption of employer-sponsored healthcare plans amongst youth aged 20-30 has been half as in comparison with workers aged 51 and above. 42% of workers (throughout age teams) expressed an curiosity within the availability of ‘flex benefits’, the place they get to decide on their very own healthcare plans, Plum mentioned.

85% of workers with a continual sickness don’t really feel supported by their employers. Less than 5% of firms provide complete healthcare choices to their workers that embody insurance coverage, telehealth, and different well being advantages.

Nearly 1/third (30%) of all telehealth consultations had been made in non-metro cities with 55% of them made by workers and 45% of them by their dependents. The commonest consultations had been for General Physician (24%), Mental Health (18%), and Dermatologist (21%). Yet, solely 12% of firms present telehealth help to their workers.

Saurabh Arora, Co-founder and CTO, Plum, mentioned, “An common particular person spends 90,000 hours working. That’s nearly a 3rd of their life. Employee well being must be a prime precedence for organisations, not solely from a humanitarian perspective but additionally as a strategic funding of their workforce. Hence simply medical insurance isn’t sufficient – firms ought to undertake complete healthcare advantages that accommodate insurance coverage, main, and preventive care.”