Flipkart employs over 15,000 full-time workers in India. The brand new coverage will proceed even within the post-pandemic world.
Coronavirus: Live updates
The household help coverage is for bereaved workers, and the profit might be carried out with retrospective impact from April final yr, no matter the rationale of demise. The household of the deceased worker might be supplied with a life cowl to the worth of 5 instances of the worker’s CTC, together with a discover interval settlement as per their contracts.
It additionally helps the schooling wants of as much as two youngsters of deceased workers with Rs 1.2 lakh every year per little one. This help might be prolonged till the kids flip 22. Flipkart will sponsor and prolong the present medical insurance coverage cowl for the household for a interval of 60 months.
Krishna Raghavan, chief folks officer at Flipkart, stated, “Because the onset of the pandemic, we have now gained helpful insights from the voices of our workers and a deep understanding of their priorities. We’re eager to make use of these learnings to design and create insurance policies that put workers on the centre stage.”
Flipkart advised TOI that the limitless medical insurance coverage is prolonged to solely full-time workers and covers all health-related points that require medical therapy no matter the price of therapy.
The insurance coverage coverage additionally contains psychological wellbeing cowl for all remedies, enhanced maternity limits, superior procedures together with robotic surgical procedures, IVF therapy, and non-medical and important sickness cowl with lump sum cost.
The corporate has additionally enabled an accelerated ESOP (worker inventory choice plan) vesting and future repurchase alternative throughout liquidity occasions. It should additionally facilitate skilled and unbiased planners to help the household of the deceased worker.