India Benefit Plans & Programs
INTRODUCTION
The following table provides you an overall picture of the Benefits Framework under different entities in India. More detailed site specific benefits defined at local will be presented by your Site HR Partner or recruiter.
INDIA - BENEFIT PLANS & PROGRAMS
Site | Legal Entity | Benefit category | Benefit type | Benefit description | Eligibility |
|---|---|---|---|---|---|
| All | All | Traditional benefits | Medical (including dental/optical/ hospitalization/critical illnesses/ etc) | It covers hospitalization: 7 lacs for all employees; Corporate buffer 10 lacs | All |
| Panoli and Vadodara | All | Traditional benefits | Medical (including dental/optical/ hospitalization/critical illnesses/ etc) | It covers hospitalization for SSIPL site, as company will pay for parents' plan. Parents' plan will limit to 3 lacs within employee's sum-insure. | Parents coverage to SPP legacy employees |
| All | All | Traditional benefits | Jubilee / Service Award | 1) 5 years of continuous service certificates only | All |
| All | All | Traditional benefits | Gifts / medals / dinners / etc | Wedding Gift Rs5,000. and Rs1,000. for Children (up to 2) | All |
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