With an aim to uplift the future of the workforce at Motilal Oswal Financial Services (MOFSL) has today announced the launch of MO Heritage Club.
MO Heritage offers a suite of benefits designed to enhance career, well-being, and overall quality of life of MOFSL employees. This includes SIP contribution, Insurance policies for family and house helps, Elder-care, Scholarship, Emergency Loan, Personalised gold Coin and many more. Through this initiative, MOFSL envisions to safeguard the future of their workforce by strengthening their lives every day.
Motilal Oswal, Founder, Chairman and Managing Director, Motilal Oswal Financial Services said, “At our company, we understand that each employee's journey is unique, filled with personal and professional milestones. Our commitment is to support them at every step of this journey, ensuring that they have the opportunities and resources to thrive with full potential. This Heritage Club is our way of honouring the commitment of our workforce while also investing in their future. It’s our promise to enable our workforce to achieve larger goals, overcome challenges, and reach new heights”.
Adding to it, Mr. Niren Srivastava, Group CHRO, Motilal Oswal Financial Services said, “Our greatest asset is our workforce, and as the BFSI sector in India expands, it is critical that we build opportunities and assets for them. Because of their unwavering devotion and hard work, MOFSL—one of the biggest financial services companies in India—continues to expand rapidly. MO Heritage Club is our way of acknowledging and awarding our employees with right strategies that secure their future while Integrating MOFSL ‘s core value of Wealth Creation within their workforce.”
Key highlights of MO Heritage Club:
MOGSIP 2.0 (Motilal Oswal Group SIP): With the MOGSIP, which MOFSL first launched in 2019, an employee's SIP contribution in a Motilal Oswal AMC mutual fund scheme is matched by MOFSL. MOGSIP 2.0 raises the bar by having MOFSL contribute an additional month to MOGSIP following the 11 months of continuous employee contribution. The facility is available for Managers, Assistant Managers along with Executives and Senior Executives at MOFSL.
Parents Vacation: Aimed at treating the parents/ parents in law of the employees with a special vacation in India or Abroad with stay and travel allowances. The facility is available for CMD, Jt. CMD, Group CMD, MD & CEO, Executive Directors, Directors, Associate Directors, Senior Executive Group VPs (SEGVPs), EGVPs, SGVPs and extends to Senior Managers as well.
Extended Medical Policy: A top-up health policy for self and family that also provides extra coverage in emergencies, this is across all levels with a defined limit. Family members who are already covered in MOFSL group Mediclaim policy will be part of this top-up health policy.
Mediclaim for House Help: MOFSL believes in taking care of people who contribute towards the wellbeing of the organisation and themselves, given that House Help play a pivotal role in keeping the homes intact, the Mediclaim of the beloved house help is MOFSL’s attempt in honouring their dedication and commitment. The medical expenses covered in the policy are over and above the employee family floater coverage, where this policy is separately covered in the MOFSL’s Mediclaim policy.
A Term Life Policy for the House Help: Securing future is the top most priority and enrolling the house help in a term plan via MOFSL is an attempt to ensure the wellbeing of the house help above and beyond the conventional approach.
Elder Care Service Program (EMOHA): It is aimed at addressing the healthcare needs of MOFSL employees’ elderlies offering 24/7 emergency support, access to nurses and attendants, helpdesks for medicines and labs, annual check-up and geriatric teleconsultation.
Founder Scholarship Program (FSP): Education is important and Founders Scholarship Program is MOFSL’s attempt in supporting the education of employee’s child at premium universities, easing the financial burden on the employee to help their child achieve their academic dreams.
Employee CSR Fund (ECSR): The ESCR fund is designed to enable employee’s passion for social responsibility while driving a meaningful impact in the community by supporting the cause of Education. To contribute to this, employees has to be actively working as a core member or volunteer for at least 6 months in the CSR initiative
These programs will be added to the existing employee benefits such as:
Professional Course Program: Skill Building Program that can be availed once by the employee to advance their careers – More than 14 employees availed this benefit in FY 23-24.
Club Memberships: Social Club Member Programs helps employees expand their social and professional circle unlocking a world of networking opportunities. More than 9 employees availed this in FY 23-24.
Personalised Gold Coin: A token of gratitude and an exclusive reward for employees who have completed a decade of service at MOFSL.
Employee emergency Loan: A emergency loan ecosystem for employees to help them navigate unpredictable situations that need financial assistance. More than 52 employees availed this benefit in FY23-24.
Annual Health Check- up: Annual health check-up for employees and their families with MOFSL health partners.
Family Holidays: An initiative that pushes employees to cherish moment with additional family time with vacations in India or abroad. More than 157 employees availed this in FY 23-24.
