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 2) 10 years of continuous service - certificates. 3) 15 years of continuous service - certificates 4) 20 years of continuous service - certificates 5) 25 years of continuous service - certificates 6) 30 years of continuous service - certificate