Companies in India spending high on providing health-related benefits

Interestingly, 19 per cent of employers are focusing purely on containing health-related benefit costs, despite the fact that more than three-quarters (78 per cent) named rising benefit costs as the most pressing challenge they face.

"It is indeed encouraging to note that rather than allowing cost pressures to scale back health programmes, Indian employers are taking a more holistic approach by making wellness a business priority rather than just a people imperative. Such initiatives may bring down costs in the long run as the workforce becomes more productive," Sriram added.

The report noted that more employers in India cover dependents than their regional counterparts and this could be a potential contributor to the higher healthcare spend by employers compared with other Asia Pacific nations.

Less than a quarter (21 per cent) employers in Asia Pacific cover dependent parents, while 44 per cent of Indian employers cover them.

While health risk assessments are most valued, less than half of Indian employers offer them currently, however, an additional 22 per cent plans to offer them in the coming year.

Moreover, stress is largely seen to be a top lifestyle risk faced by Indian employees. Yet, 36 per cent of employers offer stress management programmes - however, the situation is set to improve with an additional 30 per cent employers planning to offer such programmes in the future.

Despite the fact that chronic diseases are a significant and growing health concern in the region, chronic condition management programmes have not gained traction with Indian employers, with only 13 per cent offering them.

The most prevalent health management benefits offered in India are occupational health and safety and biometric screening, the report added.