Sample report for the “Software Services” sector – illustrates what the final report will look like

Secure Now Insurance Broker Private Limited3rd Floor, 29 Hauz Khas Village, New Delhi 110016

Tel : +919958499711 (m), 011 – 64560999 (l)

Email : corporate@securenow.in,

Web : www.securenow.in

Summary

• The survey will help CFOs/HR heads make critical decisions on designing their “employee benefits” program relating to Group Health Insurance. These aspects would revolve around two key themes:

– Design a cost-efficient program through relevant benchmarking

– Provide increased benefits to Employees and convenience to Program Administrators

• In the sample report, we have illustrated select questions that will be answered through the survey. These are:

– How much should I spend per employee on health insurance?

– Which company should I prefer and why?

– What share of salary costs should I allocate to Insurance?

– What benefits should I offer?

– Does my group size have a bearing on my cost?

– Should I introduce employee co-pay?

– Who is my ideal “buying partner”?

– Which company will provide better servicing?

Profile of survey respondents

<10010%

100-50050%

500-150030%

>150010%

Employee Size

0 50 100 150

Group Health

Group Personal Accident

Group Life

Critical Illness

Type of Employee Benefits offered

How much should I spend per employee on health insurance?

3

2

4.54

3.5

5

Average spend per employee (Rs. Thousands)

Average sum assured per employee (Rs. Lakhs)

Spend vs. Sum Assured comparison

Company Industry Overall Market

Which company should I prefer and why?

58%23%

10%

9%

Industry preference mix

Insurance Company 1

Insurance Company 2

Insurance Company 3

Others

Comments explaining

dominance of certain

companies

Market feedback on

select companies

Distinguishing aspects

of certain companies

Note: The above is not indicative of market share but indicates popularity

of certain Insurance companies in our research sample

What share of salary costs should I allocate to Insurance?

4.32.5

3.5

2.44.4 1.8

2 23

Company Industry Market

Insurance as a % of total salary costs

<2% 2-5% >5%

What benefits should I offer?

20%

30%

40%

10%

None

Only Spouse

Spouse + Kids

Parents

20%

30%

40%

10%

New Born baby cover

Maternity cover

Pre-existing diseases

OPD

Dependents

Coverage

Add-on

benefits

% of companies offering the specified benefit

Does my group size have a bearing on my cost?

0

100

200

300

400

500

600

700

0 2 4 6 8

Ave

rage

sp

en

d p

er

em

plo

yee

Average sum assured

Industry cost-benefit by size

Group Size

Should I introduce employee co-pay?

0%

20%

40%

60%

80%

100%

120%

140%

0% 10% 20% >20%

Cla

im R

atio

Employee Co-pay

Industry claim experience vis-à-vis employee co-pay

Note: Employee co-pay indicates the proportion of total claim amount that

Employee has to bear out-of-pocket. This is introduced generally to instill

cost prudence with employee

Who is my ideal “buying partner”?

0

1

2

3

4

5

6

From a company representative

Through a company agent

Through a broker

Sati

sfac

tio

n r

atin

g

Buying partner

Satisfaction with various buying partners

Which company will provide better servicing?

0

1

2

3

4

5

6

Insurance Company 1 Insurance Company 2 Insurance Company 3

Sati

sfac

tio

n r

atin

g

Insurance Company

Satisfaction rating of Insurance Companies

Thanks!

Do send us an email with your comments / suggestions or if we could help you with

anything.

corporate@securenow.in