Covid-19 until very recently was not part of all the insurance claims till the government of India made it mandatory for Insurance policies to include the same. While most companies are supporting their employees with financial resources and additional employee benefits including their families, they are now taking the responsibility of their employees in the crisis. Infact, the trend has been such that even employees are looking for companies with better and more secure insurance cover. Providing financial and health insurance to the employees allows for a safer and secured working experience.
To pick the right policy for all your employees can still be a challenging task which needs close monitoring. With the evolution of technology in our daily work lives and in all the industries, from digital payments to digital insurance, making advanced technology like IoT (internet of things) is only further simplifying things from both ends. India being the third largest start-up ecosystem in the world, has led to a shift in the employee insurance landscape through modern tech,data driven solutions. These insurtech startups are not just helping companies in the metro cities but are also highlighting the importance of such initiatives in the tier-2, tier-3 and tier-4 markets.
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