Employee

Benefits
Handbook
About
PhonePe
PhonePe’s vision is “To build a large,
scalable & open transaction ecosystem
that creates the maximum positive
impact for all stakeholders”
PhonePe is India’s leading digital payments
platform with millions of registered users across
the country. Using PhonePe, users can send and
receive money, recharge mobile, DTH, data cards,
pay at stores, make utility payments, buy gold,
and make investments. PhonePe is accepted at
millions of merchant outlets across hundreds of
cities nationally.
Values of PhonePe
The PhonePe Values act as a decision-making framework that can guide us in times of ambiguity and help us push back
when these attributes are not practiced.

Let's take a look at what attributes are displayed by PhonePe-rs!

Culture @
PhonePe
PhonePe’s culture is the secret sauce to our success. We have
a flat org structure that focuses on impact and performance
over tenure and level. Our benefits are centered on
simplifying life and ensuring good health so employees can
focus on solving the most interesting problems. Our people
processes are built to reward collaboration, sustainable
solutions and the ability to put the organisation first.
We take immense pride in high quality
talent at PhonePe.

Passionate folks who have the potential

to change the world - that’s who we
are, and that’s the kind of talent
we look for!
Benefits @
PhonePe
Our People Principles
Our Rewards
Philosophy
 Rewards tied to Long term value
creation
Long Term
Competitive enough to Wealth
Caring and
attract top quality talent Creation
Compassionate Employer
Well with insurance &
Competitive wellness programs tied
Being
Pay to employee needs

Rewards
Philosophy
Egalitarian and aligned
Benefits
to employee needs
Be part of building an Purpose
organization, less
hierarchical &
autonomous culture

Career Impactful roles, growth & learning

opportunities
Meaningful
Policies
 Insurance Work Life Balance Parental Support Wellness
Benefits Support Benefits Benefits Program

● Medical Insurance ● Leave Policy ● Maternity Benefit ● Employee

● Critical Illness ● Career Break Policy Program Assistance
Insurance ● Paternity Benefit Program
● Accidental Program ● Onsite Medical
Insurance ● Adoption Assistance Center
● Life Insurance ● Emergency
Support System
 Mobility Retirement Other
Benefits Benefits Benefits

● Relocation Benefits ● Employee PF Contribution ● Learning Assistance

● Business Travel ● Flexible PF Contribution
Support Policy ● Gratuity
● NPS
● Leave Encashment
Program
● Car Lease Program
● Mobile & Broadband
Reimbursements
● Salary Advance Policy
 Insurance Benefits

Members Covered
Self + Any 5 dependents(Spouse/Partner
Domiciliary Cover for Covid + Dependent Children + Parents or Parents-in-law
+ Sibling (upto 25 years))

Outpatient Plans (OPD)

Options to add-on additional outpatient Medical Insurance
covers to pay for consultations, 20 Medical plan options
diagnostics, dental & vision treatments to choose from

Medical Flex Plus Plan

Additional enhancement options for a
more robust policy
Critical Illness Insurance
When a serious illness strikes, Critical
Illness insurance can provide financial
support to help you through a
difficult time. It protects against the
financial impact of certain illnesses.
Eligibility: Employee only
Accidental Insurance
Helps protect you from unexpected
financial stress if you or a dependent has
had an accident.
Eligibility : Core Benefit – Employee only
Optional Benefits – Spouse/Partner
Basic Sum Insured = 5 times of Annual CTC
(Employee only)
Life Insurance
Financial support to an employee’s
family in case of an unfortunate event
leading to the demise of the employee
or spouse/partner.
Eligibility : Core Benefit – Employee
only
Optional Benefits – Spouse/Partner
Basic Sum Insured = 5 times of Annual
CTC(Employee only)
Work Life Balance
Support Policy
 Leave Policy

Annual leaves Optional leaves Casual leaves Special leaves

Declared 15 days of paternity 6 months of 5 days of

Holidays leave maternity leave marriage leave

Unlimited Tenure
bereavement leave leaves

Note: Actual No. of leaves will be dependent on the states one is mapped to
Career Break
Policy
This policy has been designed to enable employees to balance their careers and
other personal commitments or responsibilities outside of work by giving them
an option to take an extended period of time away from work.
 When to apply for a
Career Break?

Higher Education Childcare Support Medical Emergency Taking Care of Family

Wellness
Program
 Employee Assistance Program

Stress Management Legal & Financial advice Onsite Medical Center Emergency Support System

Self assessments and self-help

Counselling Services
resources
Parental
Support
 Maternity Benefit Program
● 6 months of paid maternity leave, 4 months
of flexible working hours.
● Paid surrogacy leave of 26 weeks for
Commissioning mothers.
● Upto INR 600/day transport reimbursement
for upto 2 months pre delivery or INR 10,000
towards Driver’s salary. Dedicated parking
spot for 2 months prior to delivery.
● Higher Maternity claim(INR INR 65,000 for
normal delivery, INR 80,000 for C-section).
● Day-care support(co-shared between
employee and employer(50:50) for children
up to 4 years of age).
Paternity Benefit Program
● 15 days of paid paternity leave, 3
months of flexible working hours.
● Up to 3 months unpaid leave.
● Higher Maternity claim(INR 65,000 for
normal delivery, INR 80,000 for
C-section).
● Day-care support (co-shared between
employee and employer(50:50) for
children up to 4 years of age).
Adoption Benefit Program
● Mother & Father - If you adopt a child
below 12 months of age, 6 months of paid
adoption leave:
● 4 months of Work from
Home/Flexi Work Hours.
● Up to 3 months of unpaid leave.
● Can claim upto INR 50,000 under
the Adoption benefit program.
● Mother- If you adopt a child above 12
months of age, 3 months of paid adoption
leave.
● Father- If you adopt a child above 12
months of age, upto 3 weeks of paid
adoption leave.
Mobility
Benefits
 Relocation Benefits
● Relocation support for Employee + max 5 members
including spouse, children, parents or parents-in-law.

● Local accommodation – 15 days (domestic hire) and 60

days (international hire).

● Local conveyance - Cabs during the first 15 days (Domestic

hire), Rented car with driver for first 30 days (International
hires).

● Movement of goods including 1 vehicle.

● One time relocation reimbursement of upto INR 30,000 for

defined expenses like House Brokerage, Vehicle
re-registration charges, services availed for installation of
household goods etc..

Note: Campus hires will fall under Campus Hire Relocation Policy
Retirement
Benefits
 PF Contributions & Options
● Employees will receive INR 1800 per month from PhonePe
towards their PF. Employees also make a matching
contribution which will be deducted from basic salary.

● Employees can opt for a Flexi PF contribution of 12% of

basic pay.

● Employees can also opt for a Voluntary PF contribution

anytime through the year. The same will be deducted from
your take home.

● All employees are eligible for gratuity on completion of 5

years of continuous service.

● Employees can also opt for monthly deduction of NPS, up

to 10% of basic salary.
Other
Benefits
Learning Assistance Program

● Every employee is allocated a fixed learning wallet amount

of INR 5,00,000 per year upon joining.

● The Learning wallet can be availed at one instance or

multiple instances in a year upto a maximum of INR 5,00,000.

Car Lease Program

● Every employee can assign a maximum of 20% of the annual Base
Pay towards the car lease rental.

● Lease tenure can be 36 months or 48 months.

● The car lease amount will cover the EMI, fleet management charges,
maintenance charges, cost of registration and insurance of the car.
Mobile & Broadband Reimbursements

● Employees can claim reimbursement of broadband bills

incurred towards business needs at a max limit of INR 1000.

● Employees can also claim reimbursement of Mobile bills

incurred towards business needs at a max limit of INR 1000.

Salary Advance Policy

● Employees can opt for a maximum of 2 months of base salary (Base Pay) as
an advance.

● Option available to choose up to 12 equal interest free monthly

installments for recovery through monthly payroll.

● Policy provides financial assistance to meet unexpected expenses.

‘YOU’ are the center of all our policies!
Reach out to your Recruiter/HRBP
if you have questions,
our team is happy to help!

Can’t wait to
welcome you
to the Team!