Group Mediclaim

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HR Welfare Policies

• Group Mediclaim
• Group Personal Accident Policy
• Group Life Insurance
• EDLI with LIC
• Group Superannuation Scheme
• Company Loans Advances
• Leave
• Perquisite Basket
• Gift Schemes

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Group Mediclaim Policy

• Mediclaim coverage for self family.
  Family includes Self, Spouse, Parents
  Children.
• Mediclaim coverage up to the age of 80 years.
• Maternity coverage from the inception of the
  policy without waiting period.
• Cash less facility. Isssuance of Photo ID Card
  for availing Cash less facility in the Listed
  Hospitals

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Claim Eligibility
Functional Heads Managers Rs.85,000 Executives
Rs.50,000 Officers
Rs.40,000 Staff
Rs.30,000 Sub Staff
Rs.20,000
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Group Mediclaim Policy

• Mediclaim on floater basis. Under this floater
  scheme the sum insured for the individual family
  members will be added and the total insured
  amount will be treated as sum insured for family
  members.
• Corporate buffer to the tune of 10 lakhs. This
  facility will come in handy during the situation
  where an employee utilizes his/her sum insured
  for the treatment and if he / she needs an
  additional amount for treatment, the same can be
  utilized from the corporate buffer.

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Prerequisites for Claim Submission

• The Period of Hospitalization should be greater
  than 24 hours in a hospital which is Registered
• Ensure that the Hospital has 15 beds, qualified
  nurses, Round the clock duty doctors (qualified)
  an equipped Operation Theater.
• Any Receipt, Bill, Discharge Summary or any
  documents should not be addressed "To Whom so it
  may Concern

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Procedure for Claim Submission

• Collect a Medical Reimbursement Format from HR
• Ensure that you fill the form completely and
  attach the relevant documents like original
  discharge summary, bills, prescriptions.

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Important Note
a) The Nominee's Name, DOB Relationship should
be mentioned clearly in the Nomination Form
in-order to avoid discrepancies during the Claim
Processing b) Incase of any Additions/Deletions
in the Nomination List provided by the Employee,
kindly intimate it to the HR Department as soon
as possible
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Checklist for Claim Submission
Original Discharge Summary / Report from the
Hospital with the following details
Medical investigation/diagnostic test Bills
must be accompanied by photocopies of the
Reports Medical bills must be accompanied by
Original prescriptions Claim to be submitted to
HRD.
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Group Life Insurance

• To provide adequate relief to the family in the
  event of premature death of an employee
  while in service.
• Maximum coverage
• Executive above - Rs.1.6 lacs
• Officers - Rs.1.2 lacs
• Sales Rep/Office Staff/and substaff - Rs.0.8
  lacs
• Double accident coverage

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Group Personal Accident Policy

• All employees on rolls
• 24 hrs coverage
• Can avail only in case of accident
• 1 of sum assured as weekly compensation
• Compensation restricted to Rs.5000/- per week
• Sum assured (Basic)5yrs.
• Accidental death, sum assured will be paid

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Group Gratuity Scheme

• Reward for long meritorious service
• Service Period of Five Years or more
• 15 days of Basic for every completed year of
  service
• Incase of Premature Death Gratuity will be paid
  upto the age of Retirement
• Need to Submit Nomination Form

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Employees Provident Fund

• All employees are covered
• Nomination Form
• PF Transfer
• Percentage of Contribution - 12
• Employees contribution12 to EPF
• Employer's 3.67 to EPF 8.33 to Family
  Pension Fund
• As per PF Misc.Provisions Act

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Family Pension Scheme

• 8.33 of employer's contribution only
• Loans not permissible
• Pension can be availed after retirement but
  minimum of 10 years of contribution is a must
• On Producing the scheme certificate from PF
  Office, FPF can be transfered to the New Employer
  carried forward for continuity

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EDLI

• EDLI stands for Employees Deposit Linked
  Insurance Scheme
• Exemption obtained from PF for better benefits to
  employees
• Incase of premature death, Rs.62,000/- is assured
• Double accident benefit of Rs.1,24,000/-

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GROUP SUPERANNUATION SCHEME

• To provide retirement benefit in terms of pension
  to the employees after their retirement.
• Enployees in the Grades MN1 to MN5 and G2 to G5
  are covered.
• Minimum of 1 year is mandatory for availing the
  benefit.
• Company contributes 15 of an employees monthly
  earned basic.
• At the time of retirement or resignation, the
  employee can specify his choice for availing the
  benefit.

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Loans Advances

• Salary Advance
• All Employees
• Any Specific Purpose
• Amount equivalent to One month's Salary Twice in
  a Year

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Festival Loan

• Employees in the grade O S
• During any Major Festival
• Amount equivalent to Two months Salary or
  Rs.10,000/- which ever is lower
• Once in a Year
• The Loan taken will be deducted from the salary
  in 10 equal monthly instalments

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Privilege Loan

• Eligibility for all Employees
• House Rent Advance, Children School Admission
  Amount equivalent to Five months Salary once in a
  Year
• The Loan taken will be deducted from the salary
  in 12 equal monthly instalments
• Bills/ receipts paid or prospectus / fee
  structure of the school or college towards
  admission need to be produced along with loan
  application.

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Marriage Loan

• All Employees
• Own Wedding, Marriage of dependant children or
  dependant sisters
• Employees who have completed three years of
  service can take amount equivalent to six months
  salary or Rs.40,000/- which ever is lower
  deducted in 20 instalments
• Employees with less than three years of service
  can take amount equivalent to three months salary
  or Rs.25,000/- which ever is lower deducted in
  15 instalments
• Four times during his or her service .Wedding
  invitation card should be enclosed with the Loan
  application

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Emergency Loan
All Employees Hospitalisation, Serious Accident.
For extended family members - the amount
equivalent to three months salary can be
availed The Loan taken will be deducted from the
salary in 15 equal monthly instalments
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Procedure for applying Loan

• Loan should be applied in the Prescribed Loan
  Format only. Loan application shall be submitted
  through the department / Functional head to the
  HRD Department
• If any Loan is pending, further loan will not be
  allowed except in case of emergency.when one
  emergency loan is pending, another emergency loan
  shall not be given
• Second Loan for higher amount to foreclose the
  previous loans shall not be allowed

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Procedure for applying Loan
- continued
If the Loan is taken before 15th of a month it
will be deducted in the same month's salary. If
the Loan is taken after 15th of a month it will
be deducted in the next month's salary
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General Conditions (continued)

• Note
• Any loan amount equivalent to Rs.20,000/- or more
  shall attract Income Tax
• The interests on such loan amount shall be
  treated as perquisites for Income Tax purposes as
  per the Income Tax Act

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Company Leave Policy

• PL - 30 Days
• CL - 7 Days
• SL - 7 Days
• PBL - 6 Days
• National Festival Holidays as per Act
• Loss of Pay (authorised/unauthorised)

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Probationary Leave

• 6 days during probation period
• Unavailed probationary leave shall lapse at the
  end of the probation period

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Casual Leave

• 7 days a year
• Max. 2 days at a time
• Unavailed casual leave shall lapse at the end of
  the calendar year

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Sick Leave

• Maximum 7 days a year
• Can be accumulated upto 28 days
• Medical Certificate required for more than 3
  consecutive days

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Privilege Leave

• Can avail only after one year of service
• Maximum 30 days in a year
• Minimum 3 days to be availed
• Maximum 3 times in a year
• Can be accumulated till 120 days
• Can be encashed every year
• Intervening holidays treated as part of leave

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Leave Encashment

• Unavailed PL in excess of 20 days can be encashed
  every year
• Requisition to reach HRD for leave encashment
• Encashment along with salary revision

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Perquisite Basket

• Perquisite Basket amount can be claimed in
  following ways
• Medical Reimbursement submitting the medical
  bills and can get claimed
• Conveyance up to 2500/-month shall be claimed
  using claim form
• Meal Vouchers 1690 worth meal vouchers will be
  provided.

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Birthday Gift Scheme

• All Permanent employees are eligible
• Reimbursable Gift Amount - Rs.750/-
• Can be utilised for Restaurent bills, Purchase
  of cloths and cakes only

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Marriage Gift Scheme

• All Permanent employees are eligible
• Gift Amount - Rs.2500/-

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Thank you
Best wishes for a happy

and a long rewarding career.