COURSE - ACM M E02 Human Resource Management

Flipkart
- Benifit Policies

Submitted by:
AH19115 Kavi Prasadh G
AH19132 Mageshwar R

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 Policies that bring value for the employees

Insurance Work-Life Parental Wellness Mobility Other Retirement

Policies Balance Support Support Policies Program Policies Policies Policies
Policies

• Medical Insurance • Time away from Work • Maternity Benefit • Employee Assistance • Relocation Benefits • Higher Education Assistance • Employee PF Contribution
• Accident Insurance • Career Break Policy • Paternity Benefit • Onsite Medical Center • Transfer Support • Meal Allowance • Flexible PF Contribution
• Life Insurance • Adoption Assistance • Onsite Gym Policy • Car Lease Program • Gratuity
• Day-care Support • Emergency Support • Travel Policy • Mobile & Broadband • NPS
System Reimbursements • Leave Encashment
• Salary Advance Policy
• Concierge Services

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 Medical Insurance Program
Members Covered
Self + Any 5 dependents out of – Spouse + 2
Dependent Children + Parents or Parents-in-
law + Siblings (up to 25 years old)

Dedicated Help-desk Sum Insured & Top-up

24/7 assistance and support for claim Base insurance coverage at INR 3 Lacs with an
management option to purchase unlimited top-up in multiples
of INR 1 Lac

No Waiting Period Portable Medical Insurance

Pre-Existing disease covered from day & waiting Continuity of medical insurance policy after exit
period waived off at an extra premium

Accident and Life Insurance

Comprehensive accident and life insurance policy ensures the sum insured is paid to your nominee/beneficiary in any unfortunate event

Sum Insured Details : Basic Sum Insured = 5 times of Annual CTC | Members Covered : Employees only 3
 Time Away from Work

20 days of 1 day of 2 days of 15 days of 10 days of

Annual leave Special leave Optional holidays Paternity leave Declared holidays

5 days of 12 days of 10 months of Unlimited

Marriage leave Casual/ Sick leave Maternity leave Bereavement leave

You are allowed to carry forward up to 30 days of annual leave at the end of every calendar year 4
 Maternity Benefit Program

01 6 months of leave and 4 months of flexible hours – all with full pay

Up to INR 600/day transport reimbursement for 2 months before going on

02 maternity break.

Counselor support on parenting, work-life balance, maternity

03 packages from hospital tie-ups, and Mother’s room at the offices

Higher Maternity Claim (INR 65,000 for normal delivery, INR 80,000
04 for C-section)

Day-care support (co-shared between employee and employer

(50:50) for children up to 4 years of age)

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 Paternity Benefit Program

Can be availed up to 15 days either before, or after your baby is born. (Within
01 the first nine months leave after your baby’s birth)

Flexible working hours (Can be used either three months before or after the
02 child’s birth)

03 Up to 3 months unpaid leave. Assured continuity on the same job!

Day-care support (co-shared between employee and employer

04 (50:50) for children up to 4 years of age)

Adoption : When you adopt a child under 12 months, you can avail 6 months
05 paid leave & above 12 months, you can avail 3 months paid leave

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 Relocation Policies

Local Conveyance
Travel Entitlement Rented car with driver for
Employee + max 5
first 30 days (international
Comprehensive Relocation members including
hires)
program spouse, children, parents
Local Accommodation
covering household goods packing, or parents-in-law
– 15 days (domestic hire)
moving, unpacking, airport pick-up
and 60 days (international
and welcome, city orientation, home
hire)
search, school search etc.

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 Retirement Policies

Flipsters have an option to declare

Flipsters have the flexibility greater than 12% of their basic
You also make a matching to opt-in to contribute 12% salary as Voluntary PF contribution
contribution towards the of your basic salary as anytime through the year. This will
same. The amount will be Flexi PF contribution be a deduction from your monthly
deducted from your anytime through the year take-home salary. There will be no
monthly base pay matching employer contribution

As a Flipster, you receive a

contribution of INR 1800 per
month from Flipkart towards
your PF, fully exempt from tax.
The amount forms part of your
total base pay

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 Retirement Policies
As a Flipster, you are
eligible for gratuity on
completion of 5 years of
continuous service
Flipsters can make NPS
contributions through Flipkart as
a monthly deductions from their
payroll, up to 10% of their basic
salary, completely tax free

As a Flipster, if you do decide to

leave us, you receive gratuity.
The gratuity payable to you is
equal to 15 days of monthly
basic salary for each year of
continuous service

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 The programs / courses you Other Policies
choose can be either:
1.Full-time (Flipkart Assisted)
2. Part-time (Flipkart Assisted)
3. Employee Funded (Sabbatical Assistance
provided)

Never stop learning!

Want to take up a course or
attend a program that can help
you in your current role or
expand your skill sets? Go ahead
and do it! Flipkart covers the cost
As a Flipster, you You can avail up to Reasons to avail
can avail salary 2months base salary salary advance:
advance as a as an advance, and • House rent
financial assistance the amount will be deposit
to meet certain recovered through 12 • Wedding
defined personal equal installments expenses
Higher Education Assistance Program emergencies from your pay • Education fees
• Unexpected
medical
emergency

Salary Advance policy

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 Other Policies Those of you who require remote
access from home, may
You are eligible
to reimburse reimburse their broadband bills
Car lease can be availed by all your mobile bills
up to a maximum of INR 1000 per
between INR
full-time employees 500 and 1500 month
A maximum of 20% of your per month

base salary can be

contributed towards Car
lease rental

Mobile and Broadband Reimbursement Policy

Car Lease Program

You can avail 100% on-road funding with zero
down payment, comprehensive insurance cover,
insurance disallowance, tax benefits (on rentals,
fuel reimbursement and driver’s salary)

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