13/01/2022

Strictly Private and Confidential

Izharul Khan
Ujariaon, Hafiz Dada Ki Masjid, Gomti Nagar, Lucknow, Uttar Pradesh
226010

Congratulations! We are impressed by your credentials both personal and professional during your recent meeting with us. Accordingly, we
invite you to join our organization, the details of the offer are as mentioned below:
On behalf of the company we are pleased to appoint you as Relationship Manager in Grade M1A . This letter outlines the
details of our employment offer with Future Generali India Life Insurance Company Limited (The Company).

1. Commencement Date and Location:

Your starting date of employment with the Company shall be on or before 13/01/2022 at Lucknow . You can be posted or
transferred to any other location in India or any other Generali Group companies, subsidiaries or affiliates currently existing or which may get
incorporated in the future in India or abroad, as may be required from time to time to meet the Company’s priorities and business.

2. Reporting:
You will be reporting to Senior Business Manager within the Direct Sales of the Company. However, the
Company reserves the right to change your assignments and reporting line according to the business requirements.

3. Remuneration:
Fixed Compensation:
Your annual fixed compensation shall be of 275,000 (as per annexure) inclusive of all applicable taxes. This shall include the basic salary,
monthly and annual allowances, perquisites and retiral benefits as annexed to this offer letter. The Compensation package shall be governed
by the policies and guidelines of the Company presently applicable and may be modified from time to time as per the compensation policy and
regulatory guidelines.
Variable Compensation / Incentives & Bonuses:
In addition to the fixed compensation, you shall be eligible for performance linked bonuses / Performance Incentives / Other
Bonuses as may be decided by the Company from time to time. All such bonuses / incentives will be processed at the sole discretion of the company
and shall be paid post deduction of applicable one-time tax at source as per Income tax guidelines and shall be abiding in ac-cordance
with company’s applicable plans and policies amended from time to time. Any performance linked bonuses /
Performance Incentives / Other Bonuses shall only be payable to you if your employment with the company has not been terminated or notice of
termination of such employment has not been served by you or the Company.

4. Taxation:
Any amount payable by the Company to you towards compensation, allowances and/or any other payment shall be subject to deduction of
withholding taxes and/or any other taxes under applicable law. The compensation amount stated above is inclusive of such applicable
withholding tax. All requirements under the applicable tax laws in India, including tax compliance and filing of tax returns, assessment etc. of your
personal income, shall be fulfilled by you.

5. Probation:
You shall be employed on probationary terms as per the confirmation policy of the business channel from the date of your employment.
However, the period of probationary be extended further, if necessary. You may be confirmed early based on your performance review.
Your employment confirmation would depend on your satisfactory performance and it shall be confirmed in writing.

6. Working Hours:
Office timings are 9.30am to 6pm with a 30 minute lunch break. The schedule for working days is Monday to Friday and last Saturday of the
month. Branch location employees who belong to Agency, Direct Sales, Operations and SMART shall work on all Saturdays excluding first
Saturday of the month. Company reserves the right to direct its employees to work beyond working hours, Saturdays and on holidays as per
business exigencies. Employees shall be however entitled to apply a compensatory leave against such off days worked for the company.

7. Holidays / Leave:
The Company publishes a list of Holidays at the beginning of the calendar year which will be applicable to you on annual calendar basis. In
addition you will be eligible for the following leave on financial year basis (April 01 to March 31).
• 6 days of Casual Leave prorated from your date of joining.

FUTURE GENERALI INDIA LIFE INSURANCE COMPANY LIMITED

Registered Address: Unit No.801 & 802,8th Floor, Tower C, Embassy 247 Park, L.B.S. Marg, Vikhroli (West), Mumbai - 400083.
Tel.: 91-22-4097 6666 • Fax: 91-22-4097 6600 • Call us at 1800 102 2355 • Email:care@futuregenerali.in
Website: www.futuregenerali.in
IRDAI Regn No : 133 • CIN-U66010MH2006PLC165288
 • 10 days of Sick Leave prorated from the date of your joining.
• 22 days of Privilege Leave prorated from date of joining and may be availed after confirmation.
• 2 days of Flexi Holidays could be availed during the financial year or 1 day if joining date is after September.
• 2 days of Optional Holidays could be availed during the calendar year limited to days as listed in holiday calendar.

8. Retirement Age:
The retirement age is the last day of calendar month in which you attain the age of Sixty years. Your date of birth as per official records
is .

9. Performance & Compensation Review:

Your performance shall be assessed at regular pre-determined intervals. Performance and compensation reviews are based on various
parameters, including but not limited to, performance of the Company, the individual, industry benchmarks and affordability. Hence
automatic salary increases are not guaranteed. Participation in the review exercise will be determined by the Company and can be reviewed by
the Company from time to time.
Post confirmation of the employee, if the employee fails to perform as per the Company Policies, the employee shall be brought under a Performance
Enhancement Program (hereinafter referred to as “PEP”) in which case the Company shall provide sufficient support to the employee to help the
employee perform as per the policy within the stipulated period. If, the employee fails to perform as per the company policy within PEP period, no
further intimation shall be issued to the employee as the notice period is included in the PEP period.

10. Exclusivity of Employment:

You shall not, without the Company’s written permission, carry on any business, or enter for any part of your time, in any capacity the
services of, or be employed by, any other firm, company or person. You shall devote your whole time and attention to your duties to promote
the interest of the Company. Any changes in the Human Resources Policies shall supersede the terms of appointment.

11. Code of Conduct:

You shall not, at any time, make any untrue or misleading statements in relation to the Company nor in particular after the termination of your
employment hereunder represent yourself as being employed by or connected with the Company. By signing this letter, you acknowledge that you shall
comply with the Future Generali Code of Conduct and/or any other policies of the Company as in effect from time to time and understand that a viola-
tion of the Code of Conduct may be grounds for disciplinary action.

12. Confidentiality Agreement:

You shall not during the course of your employment with the Company or any time thereafter, use or disclose to any other company, firm or person,
any of the business or affairs of the Company, nor shall you without the consent of the Company, publish any book, booklet, brochure or any other
publication, whether for remuneration or otherwise, relating to the affairs of the Company or to your work in the Company. You shall also not disclose
to any public papers, journals, pamphlets or leaflets, or cause to be disclosed at any time, information or documents, official or otherwise relating to the
Company, except with prior approval.
Removal of any documents, or tangible items which belong to the Company or which contain any confidential information from the Company’s
premises at any time without proper advance authorization is strictly prohibited.

13. Termination of Employment:

The Company or you may terminate this employment contract by giving an appropriate notice in writing or paying the equivalent of the Basic Salary
amount in lieu thereof. Any adjustments to be made in lieu of the notice period at the time of exit (such as notice pay) shall be the sole discretion of
the Company and would thereof need prior approval of the Managing Director or Function Head and/or CHRO or all, as applicable and as governed by
the prevailing exit policy of the Company. Further, the Company reserves the right to terminate your service without any compensation or notice
period thereof, if you are found to be in breach of your responsibilities and/or following a code of conduct, not in line with the Company’s guidelines
and values.
Should you be guilty of misconduct or negligence in your duties, or found undertaking outside employment for remuneration without prior
permission of the Company, or in case you remain on unauthorized absence / absconding for more than seven (7) days, or in case you are involved in
the act of moral turpitude, the Company reserves the right to terminate your employment without giving any notice or payment in lieu of notice
thereof. Notwithstanding the provisions of this clause, the procedures for termination of employment and any associated payments shall be subject to
Indian laws and government regulations and Company policy.
Any one time payment agreed at the time of your offer and processed to you as per policy guidelines, shall be fully recoverable, in case you leave the
organization within a period of two years from the date of employment or receipt of such value pertaining to Notice Period Buyout / Joining Bonus / Re-
tention Bonus / Guaranteed Bonus / Confirmation Bonus or any other Bonus paid during the prevailing month(s) as agreed at the time of offer and to
the extent of value paid. Any consideration towards waiver/relaxation in the recovery value shall be at the sole discretion of the management”

FUTURE GENERALI INDIA LIFE INSURANCE COMPANY LIMITED

Registered Address: Unit No.801 & 802,8th Floor, Tower C, Embassy 247 Park, L.B.S. Marg, Vikhroli (West), Mumbai - 400083.
Tel.: 91-22-4097 6666 • Fax: 91-22-4097 6600 • Call us at 1800 102 2355 • Email:care@futuregenerali.in
Website: www.futuregenerali.in
IRDAI Regn No : 133 • CIN-U66010MH2006PLC165288
 Notice for FLS:
• The notice period during the first Ninety (90) days of employment from the date of joining of an employee will be One (1) day while the no
tice
period post completion of Ninety (90) days of employment from the date of joining will be Fifteen (15) days. Any change in the notice
period will be at sole discretion of the management and shall be governed by the prevailing policies of the company.
The notice period shall be governed by the company and need to be served, as outlined and in accordance to the exit policy. Any change to the
notice period will be at sole discretion of the management and shall be governed by the prevailing policies of the company.

14. Disclosure:
You shall disclose all the information related to the previous conduct of any person to whom you have recommended/referred in the Company. In an
event, You are found guilty for any such Non-Disclosure to the Company, the Company may take appropriate actions against You including but not
limited to taking any strict disciplinary action leading to termination of your employment without notice. Moreover, You shall also indemnify the
Company for any loss or any damage suffered by the Company due to any Act of Person recommended/referred by You.

Non adherence to the procurement and vendor onboarding policy (e.g. engaging/onbaording a vendor or sharing Company’s information without a valid
contract duly vetted by the legal function etc) shall amount to Misconduct. If found guilty , the Company will take appropriate disciplinary action against
you that may also lead to termination of your employment. Moreover, you shall also indemnify the Company for any loss or any damage suffered by the
Company due to your non adherence to the process laid down by the Company from time to time

15. Post Termination Agreements (No - Solicitation):

You shall not during your employment pursuant to this engagement or thereafter within six months of your last working day with the Company,
without the prior written consent of the Company, either alone or jointly with or on behalf of any person, directly or indirectly, in connection with
the carrying on of any business in competition with the Company, canvass, solicit or approach for orders, in respect of any services provided and/or
goods sold by the Company, any person with whom you have had dealings during the course of employment as a customer or client or Service
provider of the Company, in a manner which is detrimental to the business of the Company. Nor shall you solicit, procure employment for or
otherwise entice away from the Company any individual employed by the Company and who was so employed by the Company at the date of
termination of your employment and with whom you had material contact by virtue of your employment with the Company.

16. Return of Company Property:

You shall promptly upon request by the Company and in an event upon the termination of your employment deliver to the Company all lists of
clients, or customers, correspondence and all other documents, papers and records in whatever form including but not limited to electronically held
data containing or referring to any trade secrets or confidential information concerning the business of the Company which may have been
prepared by you or come into your possession, custody or control in the course of your employment. You shall not keep copies of these items.

17. Intellectual Property:

Subject to any relevant legislation, if at any time in the course of your employment you make or discover or participate in the making or discovery of
any letters, patents, trademarks, service marks, designs, copyrights, inventions, drawings, computer programs, know-how and rights of like nature
however arising and whether registered or unregistered (“intellectual property”) relating to or capable of being used in the Company, you shall
immediately disclose full details thereof to the Company and, at the request and expense of the Company, you shall do all things which may be
necessary or desirable for obtaining appropriate forms of protection for such intellectual property in such parts of the world as may be specified by
the Company and for vesting all rights in the same in the Company or its nominee.
All rights and obligations under this paragraph in respect of intellectual property made or discovered by you during your employment shall continue
in full force and effect after the terminations of your employment and shall be binding upon your personal representation.

18. Compliance Rules:

You shall be subject to compliance rules/ regulations/ circulars/ policies as determined by the Company from time to time or as may be imposed by
any regulatory body. It is your responsibility to ensure that you are aware of the same and that you adhere to them. From time to time the Com-
pany may require that you sign undertakings that you will abide by the then existing rules and regulations.

19. Collection of Premium:

No Employee is entitled to collect premium from the policyholders in cash and shall be under obligation to disclose to the prospect/
policyholder that in the ordinary course of business the payment towards premium shall be accepted by the Company by way of
crossed cheques or demand drafts. The Employee further shall inform and encourage the policyholder to write his/her policy number on
the back side of the instrument paying the premium.

FUTURE GENERALI INDIA LIFE INSURANCE COMPANY LIMITED

Registered Address: Unit No.801 & 802,8th Floor, Tower C, Embassy 247 Park, L.B.S. Marg, Vikhroli (West), Mumbai - 400083.
Tel.: 91-22-4097 6666 • Fax: 91-22-4097 6600 • Call us at 1800 102 2355 • Email:care@futuregenerali.in
Website: www.futuregenerali.in
IRDAI Regn No : 133 • CIN-U66010MH2006PLC165288
 In case the policyholder insists on payment of premium through cash, the Employee in order to facilitate the policyholder shall col-
lect the same, subject to receipt of a due written Authorization from such policyholder, authorizing the Employee to collect the
premium in case and deposit with the Company on behalf of the Policyholder. The Employee shall further make sure that any
premium so collected by him in cash shall be deposited with the Company within a period not exceeding 24 hours from such collec-
tion, failure to which strict action shall be imposed to the employee as governed by the policy leading to termination.

20. Other Terms and Conditions:

During your employment, you shall be subject to the service rules, regulations applicable from time to time. The company shall also, to ensure
smooth operation and conduct of business, authorize you or delegate you to act on behalf of the organization for any decision/activity related to
financial/ non- financial matters. The company shall expect you to operate within the power delegated. You are not expected to enter into any
agreement with third party without prior written approval from the competent authority. The company has the right to take action against you as
per the code of conduct in case of any violation in this regard.

The terms and conditions contained herein shall be read along with the instructions, guidelines, policies, etc. and amendments thereof as presently
applicable to you and as may be amended from time to time and as may be made applicable to you by the Company subsequently during the
course of your employment. You are required to update yourself from time to time with regard to all the policies prevailing at any point of time as
may be applicable to you. Any other terms, conditions, stipulations not specifically mentioned herein shall be governed by employee handbook and
other policies and procedures of the Company as presently applicable and as may be amended from time to time.

We request you to go through the On-boarding Kit attached herewith and send us the documents as mentioned in the check list at the earliest
or at the time of Joining. You have to bring along with you the relieving order from your previous employer on your joining date. Your date of
joining this organization would be the date on which you submit your completed On-boarding kit, or report to the branch, whichever is later.

Your Joining the organization would be subject to you clearing the pre-employment medical examination (applicable only for joiners’ of age 35 and
above). This offer of employment is subject to you successfully clearing the pre-employment medical examination. For and on behalf of Future
Generali India Life Insurance Company Limited.

The Organization vision, mission and value statement has been attached as an annexure.

We look forward to having you join our Company. We believe that the position we offer, our dynamic work environment and a competitive total
compensation package create an excellent employment opportunity. We take this opportunity to congratulate you on your selection and wish you
a fruitful association with Future Generali India Life Insurance Company Ltd.

Kindly sign, date, and return this letter for our records as a token of your acceptance of the terms and conditions highlighted above.

SIGNED BY SIGNED BY the Employee

For and on behalf of I accept the other terms and conditions:

Future Generali India Life Insurance Company Limited Sig nature:

Electronically Signed by:

Izharul Khan
____________________
___________________
Name: Izharul Khan
Shalabh Chowdhary
13/01/2022
Date:
Vice President - Huma n R esources

FUTURE GENERALI INDIA LIFE INSURANCE COMPANY LIMITED

Registered Address: Unit No.801 & 802,8th Floor, Tower C, Embassy 247 Park, L.B.S. Marg, Vikhroli (West), Mumbai - 400083.
Tel.: 91-22-4097 6666 • Fax: 91-22-4097 6600 • Call us at 1800 102 2355 • Email:care@futuregenerali.in
Website: www.futuregenerali.in
IRDAI Regn No : 133 • CIN-U66010MH2006PLC165288
 Annual Employee Total Rewards Plan

Name in Full: Izharul Khan

Designation: Relationship Manager Date of Joining: 13/01/2022
Grade: M1A Branch / Location: Lucknow
Function: Sales Reporting Manager Name: Mahipal Singh
Department: Direct Sales Reporting Manager Designation: Senior Business Manager

Amount Amount
Salary Component per month per annum Description as per policy guidelines
(INR) (INR)
Offered CTC 22,917 275,000
Basic Salary 8,021 96,252 35% of offered CTC
House Rent Allowance (HRA) 4,010 48,120 50% of Basic Salary

Statutory Bonus 1,400 16,800 if Basic is less then INR 21,000/-, INR 1400/- per month
Special Allowance Balancing Figure
6,646 79,752
Gross Salary (A) 20,077 240,924 Gross Salary Payable to an employee
Employer's Contribution
12% on Actual Basic if Monthly Basic is greater than INR 15000/-. In case
Basic is less than INR 15,000/- a Minimum of 12% of all allowances except
1,800 21,600
HRA or 12% of ePF Basis i.e., INR 15000/- whichever is lesser as per New
Provident Fund amendment & guidelines under the ePF Act.
Gratuity 15/26 x Last drawn Basic Salary x No. of Years in service (as per Gratuity Act)
386 4,632
ESIC 653 7,836 If Gross Income is less than INR 21,000/- then 3.25% of Gross Income
Gross Debits (B) 2,839 34,068
Total CTC (A+B) 22,917 275,000

Flexible Benefit Plan (FBP) **Applicable only for employees with offered CTC 6 Lacs & above. For more details, you may refer the Compensation Policy.
Leave Travel Allowance (LTA) INR 12,000/- to INR 120,000/- per annum
Telephone Reimbursement INR 6,000/- to INR 36,000/- per annum
Books & Periodicals INR 6,000/- to INR 36,000/- per annum
Superannuation Min. of INR 6,000/- or INR 10% of Basic Salary per annum or Max. of INR 10% of Basic Salary or INR 150,000 per annum
NPS Maximum 10% of Basic Salary or minimum of INR 6,000/- per annum
Meal Card INR 24,000/- per annum
Car Lease Applicable for M6 & above subject to maximum of 25% of CTC & necessary documentation as underlined in policy
Fuel Reimbursement Applicable for M6 & above subject to maximum of INR 216,000 in case opted for Car Lease otherwise INR 900/- per month
Vehicle repairs & maintenance Applicable for M6 & above subject to maximum of INR 115,200 in case opted for Car Lease otherwise INR 900/- per month
Driver's Salary Applicable for M6 & above subject to maximum of INR 144,000 for employees opted for Car Lease or INR 900/- per month
Notes:
Employee not planned their FBP in the first month or in the subsequent month of their joining will have to continue with the default plan for the rest of the
1.
financial year as part of the policy and its related process.
Window to claim FBP reimbursements / amount shall be available from 01st to 20th of every month and the said amount shall be settled post verification of
2. claim in the same month on which this was submitted to the limit of amount approved on or before four working days of the Salary Credit date. The balance
amount shall be retained and settled in the end of the financial year i.e., March as taxable.
Leave Travel Allowance (LTA), Telephone Reimbursement, Fuel Reimbursement, Vehicle repairs & maintenance, Driver's Salary and Books & Periodicals are the
3.
only components considered as FBP reimbursements.
Any Reimbursements as allowed under FBP & as per compensation policy shall be paid subject to submission of online claim and its related supporting’s or as
4.
directed under Income Tax guidelines
Salary Account can be opened in any of the following banks viz., HDFC, ICICI and CITI Bank where Future Generali has banking relationship. In case you have an
5. account with any of these banks, you may furnish a personalized cancelled cheque to your HR for incorporating in payroll so that your account can be mapped
as salary account and needful benefits can be extended to your account.

FUTURE GENERALI INDIA LIFE INSURANCE COMPANY LIMITED

Registered Address: Unit No.801 & 802,8th Floor, Tower C, Embassy 247 Park, L.B.S. Marg, Vikhroli (West), Mumbai - 400083.
Tel.: 91-22-4097 6666 • Fax: 91-22-4097 6600 • Call us at 1800 102 2355 • Email:care@futuregenerali.in
Website: www.futuregenerali.in
IRDAI Regn No : 133 • CIN-U66010MH2006PLC165288
 ON BOARDING CHECKLIST

To implement the joining process effectively, we have provided you with a checklist of documents that one need to procure, comply and complete in
the order as mentioned herein below.
• Pre-Joining documents (Point 1-6 of [A]) are required to be self-attested and submitted by the candidate to their respective RHR/ZHR before joining.
• Point 7-10 of [A] is to be furnished by respective RHR/HRBP to operations team at the time of offer request.
• Immediate Supervisor/HR representative shall verify all joining documents as mentioned in the checklist below & approve your joining formalities.
• Form 11 of ePF shall be mandatory for UAN Generation / mapping.
• Below checklist has to be attached on top of the documents in one docket and has to be couriered to HR­Ops team at HO. Please super scribe
“ON BOARDING KIT” in bold lettering on the envelope addressing it to Human Resources Team.
• Salary will be processed only if all the complete documents / information reaches HR Operations team on or before 20th of the month.
• Business card request should be applied post joining through online HRIS System.

Sr. Document Name To be Submitted By

A Pre­joining Documents to be acquired by Recruiting Human Resources Team
1. Curriculum Vitae Candidate
2. Salary proofs of prior Organization (latest salary revision letter / offer letter / salary slip) Candidate
3. Copy of PAN (mandatory) Candidate
4. Copy of Address Proof (mandatory) Candidate
5. Copy of Offer Letter & CTC Break up sheet (acknowledged & self-attested by employee) Candidate
6. Consent Declaration Form duly signed by candidate Candidate
7. Employee Reference Check performed & duly signed by RHR/ZHR Human Resources
8. List of Recommended candidates Human Resources
9. Interview Assessment Sheet (signed by immediate supervisor & HR as per guidelines) Human Resources
10. Hiring details including Compensation & designation details (duly signed / approved by Zonal / Regional HR) Human Resources

B Joining Documents to be submitted by Candidate & collected by Recruiting HR Team / BOE’s at the time of joining
1. 3 x Passport size photograph with Cobalt Blue background attached to the ID Card application Form Employee
2. Resignation Acceptance proof / Relieving letter of last employer Employee
3. Experience certificates / Relieving Letter of previous two employments. Employee
4. Educational certificates : Mark list + Passing Certificate (Graduation and above) (All certificates to be attested by your Employee
Superior OR gazette officers/SEO's appointed by government)
5. Form 1A / IC-38 related documents / declaration signed by the candidate Employee
6. Form - 2 (Revised) Nominations and Declaration Form (EPF & EPS) (duly signed by the employee) Employee
8. Form ­ 11 (Revised) Declaration Form for EPF & EPS (Mandatory) (duly signed by the employee) Employee
9. Group Term Insurance & Group Personal Accident Scheme Nomination Form (duly signed by the employee) Employee
10. Gratuity Nomination - Form F (duly signed by the employee) Employee
11. Form 12B (for furnishing details of income from previous employer U/s. 192(2)) of Income Tax Act Employee
12. Personalized cancelled cheque, if holding an account with any of the following bank (HDFC / ICICI / CITI). In case you do not
have account with any of the listed bank, you may touch base your RHR / ZHR to help you with one in order to have your salary Employee /
processed in to such account along with benefits on such salary account extended by banks time to time. Human Resources

FUTURE GENERALI INDIA LIFE INSURANCE COMPANY LIMITED

Registered Address: Unit No.801 & 802,8th Floor, Tower C, Embassy 247 Park, L.B.S. Marg, Vikhroli (West), Mumbai - 400083.
Tel.: 91-22-4097 6666 • Fax: 91-22-4097 6600 • Call us at 1800 102 2355 • Email:care@futuregenerali.in
Website: www.futuregenerali.in
IRDAI Regn No : 133 • CIN-U66010MH2006PLC165288