Nova Benefits has announced the Mental Wellness Plan

Nova Benefits, an employee wellness platform centred on corporate health insurance, announced the roll-out of The Mental Wellness Plan for all employees of the company. 

Going beyond physical health and wellness, the company has taken this initiative to ensure the mental wellbeing of its employees is of utmost importance.

As part of the wellness plan, Nova Benefits has partnered with Manah Health and Wellness to provide mental health counselling to employees in need, irrespective of their location. 

Additionally, all expenses incurred by employees for mental health purposes, including weekly counselling sessions, are reimbursed by the company. 

This is a significant benefit to employees as it gives them the independence to go to counsellors of their choice, without the worry of cost, given that consultations can be expensive.

Speaking about the mental wellness plan, Saransh Garg, CEO & co-founder of Nova Benefits, said, “Our mission at Nova is to build happier and healthier workplaces. We’re doing so by making health benefits easy to use and personalised. Our employee wellness platform is centred around corporate health insurance. We ensure we take care of people when they're hospitalized but also prevent them from falling sick in the first place. At Nova, our goal is to cover 10 million people in India by 2025.”

He further added, “This plan will let employees take control of their health, holistically, with our support at every step. The wellness of our employees results in a happy, healthy work environment at Nova, and we wouldn’t have it any other way!”

Nova Benefits also offers its employees unlimited and no-questions-asked leave, under the Unlimited Leave Policy. Additionally, employees are required to take a break after every 45 days of continuous work. 

In addition to the wellness benefits, the company also provides pet care, child care, and period leaves, along with menstrual time off. Further, employees are given free access to Practo for any of their physical healthcare needs.

Nova’s HR team conducts eNPS surveys once a quarter to understand the needs and expectations of employees. 

Speaking about Nova’s approach to employee well-being, Shiffana MK, Human Resources Manager at Nova Benefits, said, “Last quarter, we conducted peer circles for every single team in collaboration with Manah. Everyone now had a space where they could be vulnerable with their teammates and share their feelings about work-related struggles and challenges. Colleagues also built a sense of “not being alone” in this journey. The result—A team that’s more committed to working compassionately to accomplish common goals at work!”

She further added: “Manah’s peer circles pushed the HR team to do more, and Nova decided to revise its leave policy into a well-being policy.”

Mental health and wellness are an integral part of everybody’s existence. The Central Government has recognized its importance. Recently announced the ‘National Tele Mental Health’ programme, as a part of the Union Budget 2022 - promoting tele-mental health facilities boosts the reach of mental wellness services even in the most remote areas. 

Companies too are now taking increased efforts in promoting and encouraging the wellbeing of their employees.

About Nova Benefits

Nova Benefits is an employee wellness platform focused on corporate health insurance. It finds the best, affordable deals for companies of all sizes, and makes sure employees can access them easily on a single platform. All this, while ensuring there is no administrative overhead for the HR department.

Nova Benefits helps companies find healthcare that their employees love. With Nova, employees can easily access their health insurance, track claims, and view employer benefits. 

Nova is on a mission to ensure overall wellness for employees across India. As of now, 200+ companies are insured with Nova Benefits, with 100,000+ members covered, and 3000+ claims processed.

Nova enables companies with a superior claims experience, HR workflow, self-serve employee portal, health benefits, and add-ons. Some of the companies that have insured with Nova include Snapdeal, Dream 11, PharmEasy, CoinDCX, Chumbak, HomeLane, and Zenoti, among others. 

Nova has raised $10 M Series A from investors that include SIG, Bessemer, Multiply Ventures, Better Capital & Titan Capital.

In February 2022, Nova became the first Indian investment of the Naval Ravikant-backed AngelList Early-Stage Quant Fund.