Flipkart Rolls Out Unlimited Medical Insurance For Its Staff
In the newly revised policy, the company included mental well-being and treatment, critical illness cover, lump-sum payment over and above the medical cover in case of hospitalisation and critical illness for employees and their spouses. As one of its kind step the company has increased maternity leave limits and added advanced procedures under health insurance coverage. The advanced procedures include ayurvedic treatment, robotic surgeries, and IVF treatment.
As per the company's insurance, the company will provide a life insurance cover to the family worth five times the deceased employee’s annual CTC. Family members of any deceased employee will also be transferred to the entitled ESOPs and also assist the members with professional and independent financial planners to guide the members to make the right decisions.
“The safety and well-being of our employees remain paramount and it is our constant endeavour to update our policies. Since the onset of the pandemic, we have gained valuable insights from the voices of our employees and a deep understanding of their priorities. We are keen to use these learnings to design and create policies that put employees at the centre stage. We remain strongly committed to our extended Flipkart family and their well-being, as they navigate various circumstances during this time,” said Krishna Raghavan, Chief People Officer, Flipkart.
