Source | m-timesofindia-com.cdn.ampproject.org | Shilpa Phadnis
BENGALURU: Flipkart has introduced one of the most progressive medical insurance and family support programmes in Indian industry. The e-commerce pioneer is offering unlimited medical insurance for its full-time employees, an updated policy covering all medical expenses and cost of hospitalisation, without employees having to pay any premium for it.
Flipkart employs over 15,000 full-time employees in India. The new policy will continue even in the post-pandemic world. Coronavirus: Live updates
The family support policy is for bereaved employees, and the benefit will be implemented with retrospective effect from April last year, irrespective of the reason of death. The family of the deceased employee will be provided with a life cover to the value of five times of the employee’s CTC, along with a notice period settlement as per their contracts.
It also supports the education needs of up to two children of deceased employees with Rs 1.2 lakh per annum per child. This support will be extended until the children turn 22. Flipkart will sponsor and extend the current medical insurance cover for the family for a period of 60 months.