Employee benefits
What should a 200-person company budget for employee benefits?
Think in three layers. First, statutory benefits the law requires. Second, insurance cover such as group health, accident and life, arranged through a licensed broker. Third, everyday benefits people use in an ordinary week: doctor visits, pharmacy, counselling, learning and perks. For that third layer, RISE is indicative at about ₹3,000 per employee per year.
In short
- Layer 1: statutory benefits the law requires.
- Layer 2: insurance, arranged through a licensed broker.
- Layer 3: everyday benefits people use every week.
- RISE: about ₹3,000 per employee per year, indicative.
The three layers
| Layer | What it covers | Who arranges it |
|---|---|---|
| Statutory | PF, ESI where applicable, gratuity | The company, by law |
| Insurance | Group health, accident, life | A licensed insurance broker |
| Everyday | Doctor visits, pharmacy, counselling, learning, perks | A benefits programme such as RISE |
What does the everyday layer cost?
RISE is indicative at about ₹3,000 per employee per year, for benefits worth up to ₹10,000 per employee and family at partner providers' standard prices. For 200 people, that's indicative at about ₹6 lakh a year, excluding GST. Final pricing is confirmed in writing. Try the pricing calculator.
Where should a founder start?
Get the statutory layer right, put sensible insurance in place through a broker, then add the everyday layer people actually feel. See our page for tech founders.
Frequently asked questions
How much should a startup spend on employee benefits?
Budget in layers: statutory benefits, insurance through a broker, and everyday benefits.
How much does RISE cost?
Indicative at about ₹3,000 per employee per year, excluding GST, confirmed in writing.
Does RISE replace group health insurance?
No. RISE is not insurance and works alongside whatever insurance you have.
What RISE does here
RISE is one wallet of benefits per employee: health, counselling, engagement, learning and perks, run for you. HR sees usage, never identities. It sits alongside whatever insurance you already have, without touching it.
Indicative at ₹3,000 per employee per year. Priced in the open.
A note on this page. Everything here is general information, not financial or legal advice. RISE pricing is indicative and confirmed in writing before you commit. Ethika Worklife Private Limited · This is not an insurance product. Ethika Worklife does not solicit, sell or service insurance.