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Annexure II

We believe that people are the most important asset of our Company. Our success and strength lies in our people. We are committed
to the health and overall well-being of our employees. We constantly strive to improve and bring better and better benefits for our
employees. Here are some of the domain wise benefits that you can avail of to achieve a better work-life environment.

(A) Workplace:
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2.

Canteen/Lunch Coupons
The Company provides free lunch to employees in locations where canteen facilities are available. In other locations lunch
coupons are provided.
Transport
We encourage employees to utilize the free transport facility provided by the company at locations wherever it is available.

(B) Wellness:
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2.

3.

Medical Benefit Scheme


Employees and their dependents are also covered under the Hospitalization scheme as detailed in our refer MBS Scheme.
Jamshedpur employees can avail of all the facilities at the local TATA Motors hospital.
Accident insurance coverage
Accidents are unforeseen, and many times they cause financial hardship for those left disabled. In order to reduce these
hardships all our employees are covered under the 24 hours accident insurance coverage (Premium paid by company).
Are you healthy?
The Company does not take the appropriateness of your health for granted. It considers the risks of serious undetected
health issues that can impact your family life. Facilities for Company paid annual medical check have been set up. We
appreciate the pressures you need to address on the work and home fronts. However, do take the time off for a medical
check just once a year to de-risk potential health issues. You owe this to yourself and family.

(C) Asset Creation


1.

2.

Interest Subsidy on Housing Loan


We know that for many of you buying a home is an important lifetime event for you and your families. To help you,
Company provides interest subsidy on housing loans. It gives you the flexibility to borrow from any financial institution and
yet save interest costs. For details please refer the Policy on Interest Subsidy on Housing Loan.
Car Policy
Employees with T/S & L1 grade will be eligible for subsidy on Car loan [Rs. 12000 & Rs15000 per annum]. Employees in
grade L2 and above will be covered under Car Lease policy.

(D) Personal Development:


1.

2.

3.

4.

Note:

Training
We have an elaborate program to cover employees with class based training as well as on job training on technical and
cognitive needs.
Education Enhancement
We are committed to supporting our employees achieve higher education and learning as a part of their self-development.
We provide study leave under special circumstances for pursuing higher education subject to policy guidelines in the
Education Enhancement Policy. Fifty percent costs of tuition & examination fees are reimbursed on successful achievement
of higher educational qualification.
Skill Enhancement
Our Company also supports, facilitates and encourages employees to enhance their technical qualification by pursuing
contemporary certification courses in specialise skill areas. Here too fifty percent of tuition & examination fees are
reimbursed on successful acquisition of certification.
Book Reimbursement
We encourage our employees to read and enhance their knowledge on various subjects. We provide reimbursement for
purchase of books up to Rs.1500/- per annum.

The Management has the right to modify / change / delete any or all of the above benefits without prior notice.