Employee benefits
What employee benefits should a company of up to 500 people offer?
At this size, benefits usually sit with one HR generalist or a two-person team, alongside payroll and hiring. The priorities are a plan that is competitive for your people, a way to stop every claim escalation landing on HR and the founder, and readiness for the first renewal, when a few hospitalisations in a small group can move the price.
In short
- Benefits usually sit with one HR generalist.
- Every claim escalation lands on HR, then the founder.
- In a small group, a few claims can move the renewal.
- Statutory thresholds arrive fast: ESI at 10 employees.
What should a company this size offer?
Statutory benefits, plus group health, accident and life cover. Our page on employee benefits in India sets out the usual mix. Design matters more than size: room rent, day-one cover and family tiers decide how the plan feels.
What is the biggest pain at this size?
Everything is manual, and everything lands on one person. Endorsements, e-cards, claim chasing and renewals sit on top of a full HR job. What helps most is relief: someone who owns claims and escalations, so HR can get back to building the company.
Why can the first renewal be a shock?
Because a small group is priced on its own claims. Three hospitalisations can move the loss ratio. Our page on why group premiums rise explains the drivers, and how to prepare.
Frequently asked questions
What benefits should a small company offer employees?
Statutory benefits, plus group health, accident and life cover designed for the team.
Is ESI required for small companies?
ESI applies to establishments covered by the scheme, generally those with 10 or more employees, for employees up to ₹21,000 a month.
Why do small group health premiums rise sharply?
Because a small group is priced on its own claims, so a few hospitalisations can move the renewal.
What happens when you talk to us
A 20-minute video call with a Growth Advisor. No obligation, and no quote pushed. It opens with a five-minute video from our founder on how the benefits stack works and why Ethika exists; the rest is your questions. You’ll leave with an honest read on your current cover and claims experience, and a straight answer on whether we can genuinely help, even if you never become a client.
20 minutes with a Growth Advisor. No obligation.
A note on this page. Everything here is general information, not insurance, legal, financial or tax advice, and nothing is an offer. No insurer or product is named or recommended. What any policy covers depends on its own wording and schedule. For advice about your situation, talk to us.