Parental insurance is usually a sensitive topic, both for human resource (HR) managers and employees. Depending on how you segment the data, 30-50% of mid- to large-size companies offer their employees health coverage for parents.
The sensitivity is owed to the fact that a substantial chunk of these companies recover the cost of coverage from the employees’ payroll, mostly in the form of a monthly deduction from salary. The annual cost of covering two parents for average hospitalisation benefits range between Rs.30,000 and Rs.50,000, depending on the size of the group and past claim history.
