More than half of the surveyed employees depend on their own finances to address the top four risks the medical emergency, disability, loss of property, and loss of income. About 92 per cent employees said they are willing to share premium costs and buy volunt. Insurance plans offered by their employers," according to Marsh India's 9th annual 'Employee Health and Benefits' survey.
Further, it revealed that 33 per cent employees were willing to spend 1-2 per cent while 37 per cent said they could spend 3-5 per cent of their annual salaries on various voluntary insurance plans.

The survey was conducted among over 500 employers and over 2,000 employees from diverse sectors. He survey was conducted among over 500 employers and over 2,000 employees from diverse sectors.


About 53 per cent of the employee respondents those who are covered by group medical coverage and 57 per cent of those who are covered by group personal accidents believed that the medical and accident insured benefit plans provided by their employer are inadequate, it said.

The survey also said the majority of the employees are keen to invest in top-up, out patient department, and parents insurance plans to minimise theirs out of pocket expenses.

Interestingly, almost 83 per cent were looking for options to customise the insurance offered by the employer such as increasing room rent, maternity limits among others.