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Employment Offer from Altimetrik India

Kummara Srikanth has been offered a position as an Engineer in Data Engineering and Analytics at Altimetrik, with a starting salary of INR 8,00,004 per annum. The employment is set to commence on or before July 23, 2021, and includes various terms regarding duties, benefits, and termination conditions. The company emphasizes a collaborative work culture and has received accolades as a top workplace, aiming for employee growth and satisfaction.

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Neeharika Reddy
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0% found this document useful (0 votes)
205 views14 pages

Employment Offer from Altimetrik India

Kummara Srikanth has been offered a position as an Engineer in Data Engineering and Analytics at Altimetrik, with a starting salary of INR 8,00,004 per annum. The employment is set to commence on or before July 23, 2021, and includes various terms regarding duties, benefits, and termination conditions. The company emphasizes a collaborative work culture and has received accolades as a top workplace, aiming for employee growth and satisfaction.

Uploaded by

Neeharika Reddy
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

CIN: U72200KA2003PTC032290

CIN: U72200KA2003PTC032290
Hello Kummara Srikanth ,

Congratulations on your selection at Altimetrik - one of the fastest growing global Digital Technology Company!

I am delighted to extend this offer to you to join our highly energetic and innovative team helping Fortune 100
companies modernize and transform their business.

With our engineering excellence, product mindset, and delivery focus, we have become partners to many
marquee global brands. Our results driven philosophy has earned the trust of several new clients, placing us
on a promising growth trajectory. Even with the recent global pandemic, we are able to continue a substantial
growth rate due to our unfailing delivery commitment to customers while taking utmost care of all our
employees.

As a workplace, we take pride in our best-in-class policies and standards, and a hyper-collaborative and
innovative work culture. A testimonial to our consistent efforts is that we have been ranked in the Top 100 Best
Places to Work by the Great Places to Work Institute for four consecutive years, rising up the ranks. This year,
we are extremely proud to have joined the Top 50 workplaces club being ranked at 48th and are confident to
rise further up in the coming years.

India nests the company’s largest Technology Center with over 2000 employees across Chennai, Bengaluru,
Pune and Hyderabad, catering to our remarkable client portfolio globally. We enable the growth of our business
by cultivating a solutioning mindset that helps our clients achieve relevant business outcomes. Delivery
excellence is of utmost importance for us to ensure customer satisfaction. As a people centric organization, we
help our employees evolve as practitioners in both their tech and business domains. Our approach posits us as
a company to be highly agile in technology adoption and stay ahead in the market.

Innovation and learning are therefore given the highest decree here. If you have the zeal to learn, or an idea
you believe in, you will discover the ideal culture to help you realize your passion and follow it.

I am confident you will experience personal growth and value in your career with Altimetrik, and be a prized
addition to our team. Hoping to see you soon!

Best regards,

Ranga Kanapathy

CIN: U72200KA2003PTC032290
20-Jul-2021
Mr. Kummara Srikanth
#2-65, main road, bodiganidoddi (v&p),
bukkarayasamudram (nm),
andhra pradesh, anantapur (D)-515001.
E-Mail: srikanthkumar0389@[Link]| Mobile: 91 7207564307

EMPLOYMENT LETTER
Dear Kummara Srikanth,
On behalf of Altimetrik India Private Limited, we are pleased to offer you the position of “Engineer - Data
Engineering and Analytics” at “Band 6”. Attached are the specific terms and conditions of our employment –
please read these important details carefully, including your compensation and benefits.
1. Date of Employment: Your employment will be effective from your date of joining, which shall be on or
before 23-Jul-2021. Please contact us immediately if you require an alternative joining date. In the event
you fail to join us by 23-Jul-2021 this offer for employment will stand automatically withdrawn without any
further obligation from our side.

2. Emoluments: Your per annum cost to the company is INR 8,00,004/- the breakup of which is shown in
Annexure - I. Your salary is strictly confidential, and we expect you to treat this information and any
changes made therein from time to time as Personal and Confidential. Unless otherwise provided by
Company, your salary shall be paid monthly. The total amount paid will be your salary less any statutory,
standard, permissible or elected deductions or set-offs applicable to your employment. In addition to your
salary, you may receive other benefits, as applicable under the Company’s benefits or similar policies.
Company may, upon notice to you, at any time and in its sole discretion amend, suspend, vary and modify
any of the terms and conditions of these benefits and/or policies. The compensation and/or benefits
offered to you by the Company may be pro-rated depending on your effective start or effective termination
date. In case you have any queries in this regard, you may discuss the matter with your reporting
manager.

3. Designation: Company reserves the right to alter your designation from time to time, in accordance with
Company's policy.

4. Posting and Period of Employment: Your work location of position will be Bengaluru. Your services are
transferable and you may be assigned to any office of the Company, a subsidiary or associate company,
whether now existing or still to be formed whether in India or abroad. You may also be deputed to any of
our customer’s locations. Such transfer / deputation will be in accordance with the Company’s rules being
in force at the time.

5. Duties: The roles, responsibilities and duties appropriate to your employment, will be specified by
Company from time to time. Company may at any time, in its sole discretion, upon notice to you, alter or
otherwise modify these roles, responsibilities and duties. Further, at any time, you may be required to
provide services, directly or indirectly, to Company and its affiliates and clients. You will be required to
report to any supervisor at the discretion of the Company. During your service with the Company, you are
expected to devote your whole time and attention to the Company's affairs and refrain from directly or
indirectly engaging in any other employment or business in any role or capacity.

CIN: U72200KA2003PTC032290
6. Leave without Approval: If you are absent for a continuous period of 8 days without leave or obtaining
your manager’s approval, you will be deemed to have voluntarily terminated your service without notice.

7. Travel and Expenses: You may be required to travel, whether in India or overseas, in connection with
your employment upon short notice to you. While traveling for work, your expenses and costs in
connection with such travel and any other expenses incurred by you during the course of your employment
will be reimbursed in accordance with the travel and expense policy of Company. You are expected to
keep your passport valid at all times.

8. Employee Benefits Program: You will be covered by the Company sponsored Employee Benefit
Program as applicable from time to time.

9. Salary Review: Your compensation will be reviewed periodically as per the Company’s policy and your
salary may be adjusted depending upon various factors, including your performance during the
preceding performance period. Notwithstanding the above, you acknowledge that it is Company’s policy
to review the compensation payable to its employees for successive years and such compensation may
be higher or lower than the compensation received for the previous year depending on various factors,
including the overall performance of the Company, the Industry and prevailing economic conditions.

10. Leave: You are eligible for 24 days leave per annum. Company’s leave policy shall apply to your
employment and may be modified by Company at any time, in its sole discretion, upon notice to you.

11. Working Hours: Company’s general working hours are from 9.00 am to 6.00 pm, Monday through Friday.
You may be required to work additional hours as may be necessary for the efficient execution of your
responsibilities. Your weekly off may not necessarily be for 2 days and not necessarily be on Saturday and
Sunday. Company may, at any time and in its sole discretion, change the working hours applicable to you
upon notice to you.

12. Non-Disclosure agreement (NDA): You are required to sign a separate NDA document covering the
following clauses: Confidential Information, Intellectual Property Ownership Rights, Non-compete, Non-
solicit and Non-circumvent

13. Past Record and Unsatisfactory Services: It is your responsibility to notify the Company of any
changes in your personal information within 3 working days. All notices shall be considered duly and
properly delivered to the address on file with the Company. If at any time it emerges that such particulars
were false or incorrect or that any material or relevant information had been suppressed or concealed or
exaggerated, any employment pursuant hereto will be considered ineffective and irregular and will be liable
to be terminated by the Company without notice or salary in lieu of notice, without prejudice to the right of
the Company to take disciplinary action against you. The Company will be entitled to conduct such
background checks and medical examination upon you as it may deem fit and you hereby expressly grant
the Company the permission to do so and waive and all rights under applicable law in this regard.

14. Termination:
 You or the Company may terminate your service at any time by giving 60 days’ notice or basic
salary in lieu thereof. You shall not be deemed to have been relieved of your services except upon
issue of a letter by the Company to that effect.
 In the event of disputed separation, where the client and / or the Company faces any monetary
damage due to the separation, the Company reserves the right to withhold all the non-statutory
payments due to you. The Company may further reserve the right to recover any amount
receivable / recoverable from you including salary in lieu of un-served notice period.

CIN: U72200KA2003PTC032290
 Company shall have the right, at its sole discretion, to terminate your employment with Company
'for cause' at any time, without any further payment to you, specifying the reason for such
termination, and you shall not be entitled to any incentive compensation for the period ending on
the date of such termination. For purposes of this subparagraph, 'cause' shall mean (i) your
involvement in any act of moral turpitude; (ii) your misconduct (willful, intentional or otherwise) or
negligence during or in connection with the performance of your obligations hereunder or being
arrested, charged or convicted in a criminal proceeding or similar proceeding that involves a matter
which Company believes, in its sole discretion, may affect the performance of your obligations
hereunder, may affect the Company and/or its affiliates and their employees, contractors and/or
clients or may otherwise bring the Company and/or its affiliates and their employees, contractors
and/or clients any disrepute, whether or not such matter is directly related to the affairs of the
Company and/or its affiliates and their employees, contractors or clients; (iii) your embezzlement,
intoxication or illegal drug abuse, unauthorized absence in excess of the Company leave policy,
unauthorized disclosure or misuse or attempted unauthorized disclosure or misuse of the
Company’s Confidential Information, gross insubordination, or receipt or attempted receipt of any
impermissible rebate, kickback or other similar remuneration or consideration in connection with
any potential or existing opportunity for the Company and its affiliates and their employees,
contractors and clients; (iv) your participation or abetment in a strike in contravention of any law; (v)
damaging the property of the Company; (vi) continued discharge of work functions, which do not
meet the standards reasonably expected by the Company from you; or (vii) the breach by you of a
material term of this letter, NDA, policies of the company or your failure to implement the
reasonable business requests or directions of the Company.
 Full & Final Settlement dues (if any) shall be settled upon due receipt of clearance from concerned
departments.
 You will retire from the services of the Company on attaining the age of superannuation [60 years].
 Any notice required to be given to you shall be deemed to be duly and properly given if delivered to
you personally or sent by registered post to you at your address in India or by e-mail to your last
personal e-mail address as recorded with the Company
.
15. Consequence of Termination:
(a) Upon termination or expiration of your employment, for any reason, or as otherwise requested by
Company, you will return to the Company: (i) any property belonging to the Company, such as
laptop computer, mobile phone, access card and other devices with details of any passwords or
user ids installed therein; (ii) all Confidential Information and any work product, including any
documents and information, of whatever description or in whatever form, tangible or intangible, in
your possession, together with copies, notes or summaries of such documents and your own
working papers which are derived of or based on such documents; and (iii) amounts due or
payable, from, or to you by the Company shall be settled in full and an acknowledgment of such
settlement shall be recorded in writing.
(b) Upon termination or expiration of your employment, for any reason, Company shall be entitled to,
at its sole discretion, pursue any remedy available in law or in contract to ensure settlement of any
amounts owed by you hereunder, including costs and expenses incurred towards your training.
(c) Any termination of employment or the terms hereof shall be without any further liability, except as
specified above, of Company and its affiliates and their employees, contractors or clients to you or
to your heirs and successors.

16. Indemnification: You agree to indemnify the Company and its affiliates for any losses or damages
sustained by Company and its affiliates which is caused by or related to your breach of any of the
provisions contained hereof.

CIN: U72200KA2003PTC032290
17. Mode of Communication: Other than general notices, which may be intimated by e-mail, general notice,
announcement on the Company’s web site, bulletin e- mail, bulletin boards and other similar postings,
notices will be provided to you in person, by email or by ordinary post at the address given by you at the
time of your employment or such other address as may be intimated by you to the management of the
Company thereafter.

18. Entire Agreement: This letter sets forth the entire agreement and understanding between the Company
and you relating to the subject matter herein and merges all prior discussions between the parties. No
modification of or amendment to this letter, nor any waiver of any rights under this letter, will be effective
unless in writing signed by the parties

19. General: These terms of employment and your employment are personal to you and you cannot assign,
subcontract or transfer your obligations hereunder to any other person or entity. No delay or failure by the
Company to exercise any of its powers, rights or remedies under these terms of employment will operate
as a waiver of such powers, rights or remedies. If any provision of these terms of employment is held by
any competent authority to be invalid or unenforceable, the validity of the other provisions and the
remainder of these terms of employment shall not be affected. You shall not make any announcement
concerning Company and its affiliates and their employees, contractors or clients without Company’s prior
written consent and you shall not use or disclose the name, trademark, domain name, service mark, logo
or any other intellectual property of Company and its affiliates and their employees, contractors or clients.
These terms of employment will be construed in accordance with and governed by the laws of India. Upon
your acceptance, these terms of employment, together with the employment letter (and any attachments
thereto), are the exclusive and entire agreement between the parties relating to its subject matter, and
supersedes all prior and contemporaneous discussions, agreements negotiations, representations, and
proposals relating to the subject matter hereof.

20. Miscellaneous:
(a) You will notify the Company immediately of every incapacitation from work and its probable
duration. Upon request by the Company, reasons for the incapacitation must be given to the
Company by you.

(b) You represent and warrant that you have not entered into any previous or contemporaneous of this
agreement, or which would preclude you from fully performing your job responsibilities for the
Company.

(c) All of the rights, duties and obligations between the Company and you as set forth in this letter are
in addition to those provided by applicable law and none of the remedies specifically provided for in
this letter will preclude either you or the Company from pursuing additional remedies available to
either of the parties.

(d) It is agreed that any dispute of whatsoever nature between you and the Company will be subject to
the jurisdiction of Bangalore Courts only, whether they be any other courts or tribunal or authority of
whatsoever nature.

(e) If one or more provisions of this letter are held to be illegal or unenforceable under Indian law, such
illegal or unenforceable portion(s) shall be limited or exclude from this letter to the minimum extent
required so that this letter shall otherwise remain in full force and effect and enforceable in
accordance with their terms.

CIN: U72200KA2003PTC032290
21. Date of Joining: On your date of joining report to below location at 09:00 hrs

Altimetrik India Pvt Ltd,# 7-P, 93-P, West, Electronic City,Bengaluru, Karnataka 560100.

Please note that it is important to be on time to complete the joining formalities. On your joining date,
please bring the following mandatory documents:
a. 3 self-photographs (passport sized, color photos with a white background)

b. the originals and 1 set of photocopies of the following documents:

i. All Educational documents including X, XII, Graduation and Post-Graduation certificates


and all year mark sheets. Photocopies should include both front and back sides of
certificate/ Mark sheet
ii. Relieving letter from your last 2 recent employers. Include your employee number with such
previous employer(s). In the absence of relieving letter at the time of Joining, a resignation
acceptance letter can be submitted and the relieving letter can be submitted at a later date.
iii. Last drawn 3 months’ salary slip from your previous Employer
iv. Form 16/ Salary Slips/ Bank Statement for Salary for the second last employer, if your
employment duration is less than a year with last employer
v. Copy of PAN Card - if you do not have a PAN Card then kindly apply for a PAN card
vi. Copy of AADHAR Card – if you do not have an ADHAAR Card then kindly apply for an
AADHAR card immediately and carry the acknowledgement on the day of your joining
vii. Copy of Passport - if you do not have a passport then kindly apply for a passport
immediately and carry the acknowledgement on the day of your joining
viii. Proof of identity. Bring 3 sets of photocopies for the following documents: Aadhaar & PAN
Card
ix. If you have stated in your application to Altimetrik that you are differently abled, please bring
the disability certificate as per the prescribed format, duly filed & signed
x. If you have ever changed your name at any point of time, and for any reason whatsoever,
please bring supporting documents for the same
xi. Valid Indian Work Permit, if applicable

c. Documents required for UAN (Universal Account Number) for Employee Provident Fund (One set
of photocopies, which are self-attested)

i. Bank Account Document (A Cancelled Cheque leaf or a copy of Cheque leaf or Bank
Statement (having IFSC Code) or Passbook (having IFSC Code))
ii. Copy of ID Proof (NPR/ Aadhaar or PAN Card or Passport or Driving License or Election
Card or Ration Card or ESIC Card)

d. You are required to submit above mentioned documents, or such other documents requested by
Altimetrik during your employment within the time stipulated by Altimetrik. Non submission of the
documents within the stipulated time will be considered as misconduct and Altimetrik may take
appropriate action as per Disciplinary Policy.

CIN: U72200KA2003PTC032290
22. Relocation: To facilitate relocation (if eligible, as per Altimetrik policy, and provided your current
location in India is more than 100kms from your offered work location), you are entitled to relocation
expenses from the Company. The relocation expenses should be claimed within 3 months of your
joining. Altimetrik’s decision on whether you are eligible for relocation benefits or not, will be final.
Reimbursement of actual expenses incurred against bills for the following:

• AC II Tier Train fare (or) Apex Airfare for self, spouse and children. If an employee desires to
drive to the new location in his/her own car, reimbursement will be made @ INR. 7.50/ km. Travel
must be based on the "To" and "From" location as mentioned in the employment letter.

• Transportation of household effects by road, eligible for 1 truck load as per below, you are
required to obtain written quotations from three vendors and choose the lowest of three.

• If distance > 500Kms – reimbursement on actuals subject to a maximum of INR 50,000

• Altimetrik approved hotel/guest house/service apartment for a max period of 14 days for
employee and his/her family members- spouse, children and dependent parents

• Please note that accommodation in guest house is available only for employees. No family
members are allowed. Therefore if accommodation for family members need to be booked, it
needs to be either done in the service apartment or in Altimetrik approved hotel

• Local Conveyance- (defined typically as metered taxi cabs, autos, car rentals) (only for 14 days)
At actuals, subject to receipts wherever applicable, Only economy or compact car class to be
hired

• Transportation of 1 vehicle (2/4 wheeler) registered in the employees name, will be reimbursed at
actual subject to submission of bills. Vehicle registration and road tax as applicable by local RTO
will be reimbursed at actuals. Vehicle can be transported as per the "To" and "From" location as
mentioned in the employment letter (You are required to obtain two competitive quotes from
transport agencies and utilize the lower of the two)

• Private stay - Entitled to all reimbursements as stated above except Hotel / Guest House /Service
Apartments

If you resign or if your employment is terminated for any reason within 1 year from your joining date,
you agree that you will repay all amounts that you were paid a reimbursement of expenses as
mentioned above to Altimetrik. Altimetrik may recover all such amounts from your final settlement.

CIN: U72200KA2003PTC032290
23. Joining Bonus: You are entitled to a Joining Bonus ("Bonus") of INR 50000 which is a one-time lump sum
payment, if you join the company on/before 23-Jul-2021. In the event you fail to join us on or before 23-
Jul-2021 the joining bonus will not be applicable. The Joining Bonus will be paid as part of your monthly
payroll, post completing 3 months in the Organization and is conditional upon your agreement to remain
in employment of the Company for a minimum period of one year from the date of your [Link] the
event of your separation or termination from the Company prior to the completion of one year from the
date of joining for any reason whatsoever, you agree that you shall return the entire Bonus to the
company, inclusive of the tax deducted. Any such deduction from amounts owing to you by the Company
upon separation/termination as aforesaid shall not affect the Companys rights in law or equity in respect
of the amounts of un-recovered Bonus, if any. The Bonus shall be subject to all statutory deductions.

24. Notice Period Buyout: Notice Period Buyout will be paid on actuals, upon submission of the Full & Final
Statement from the previous employer. This amount will be recoverable including the amounts deducted /
withheld by way of tax, should you decide to leave the organization before one year from your date of
joining. Any tax deduction applicable to this amount shall be to the employee‘s account.

It gives me great pleasure to invite you to join the Altimetrik family. We will be delighted to have you as part of our
growing family and be a key contributor to the success of Altimetrik.

Sincerely,
For Altimetrik India Pvt Ltd.,

KRISHNA Digitally signed by KRISHNA


MUNIRAMAIAH
MUNIRAMAIAH Date: 2021.07.22 [Link] +05'30'

Krishna Muniramaiah
Head – Human Resource

ACCEPTANCE OF APPOINTMENT TERMS AND CONDITIONS:


I agree that I have read, understand, and accept this engagement from Altimetrik under the terms
and conditions stated above.
(Please sign below to confirm that you agree with the terms and conditions stated in this engagement.)
Signature:
Printed Name:
Date: Date of Joining (if requesting an alternative date):

CIN: U72200KA2003PTC032290
ANNEXURE I
Mr. Kummara Srikanth,

Components Annual Monthly


Basic 2,99,844 24,987
House Rent Allowance 1,49,928 12,494
Leave Travel Allowance 49,980 4,165
Flexible Benefit Plan 2,36,652 19,721
Meal Voucher 13,200 1,100
Gross Fixed Pay 7,49,604 62,467
Employer's Contribution to Provident
35,976 2,998
Fund
Gratuity 14,424 1,202
Total Cost to Company 8,00,004 66,667

Your monthly Net Pay = Gross Fixed Pay – (PF, ESIC, Professional Tax, Insurance & Income Tax)

Acceptance

Signature: _______________________________________.
Name: ___________________________________________.

CIN: U72200KA2003PTC032290
ANNEXURE II

SALARY COMPONENT AND BENEFITS EXPLANATION


(For detailed information please refer to Company policies, which are subject to change from time to time)
COMPONENT % EXPLANATION
Basic Salary 40% of gross Fundamental component of your salary that is linked to many other
compensation components are linked
House Rent 50% of Basic To be used for house rent
Allowance Salary (Maximum)
(HRA)
Flexible Benefit Balancing amount Employee has to opt for these benefits by submitting the FBP declaration
Plan (FBP) from gross salary form
based on other 1) Meal Card – Meal Voucher
components 2) Vehicle Maintenance and Driver Salary - Employees with 4 Wheeler
Vehicle that are registered in their name and are using the vehicle for
primarily official purposes can avail this tax benefit.
 4 Wheeler < 1600 CC are eligible for tax benefit up to INR 1800
 4 Wheeler > 1600 CC are eligible for tax benefit up to INR 2400
In case a driver is employed, employee will be eligible for an additional
exemption of INR 900 per month (employee must submit the license copy of
the driver along with the salary receipts.
3) The National Pension System (NPS) is a contribution based pension
system launched by the Government of India. This allows employees to
augment their retirement solutions. This is a voluntary contribution it is up to
the employee to avail the scheme. Employees can make a monthly
contribution of a minimum INR 500 to a maximum of 10% of the basic. The
amount will be rounded off to the nearest INR 100
Leave Travel 2 Months Annual Paid as monthly allowance and is tax exempted to the extent of bills
Allowance (LTA) Basic submitted for reimbursement. Up to maximum of economy class air fare
twice during a four year period as per Income Tax rules
Meal Voucher INR 1100 or INR Meal Cards - provided by the Company based on voluntary declaration and is
2200 per Month tax exempted. One can opt for INR 1100 per month or INR 2200 per month as
part of initial declarations upon joining the Company
Gratuity 4.81% of
basic Payment of Gratuity will be governed by “Payment of Gratuity Act 1972”
salary and subjected to applicable taxes as per Indian Income Tax Act.
Employee State Until your monthly wages are less than INR 21,000/- or such other amount
Insurance Act prescribed by law, you will be covered under Employee State Insurance Act ,
1948 (ESIC) and will entitled to avail benefits under the same
Payment of Until your monthly wages are less than INR 21,000/- or such other amount
Bonus Act prescribed by law, you will be covered under Payment of Bonus Act , 1965
Contributions towards Provident Fund.
Two options are available.
Provident Fund Option I: Limit equal contribution of 12% of basic salary from employer and
12% of Basic employee. This option will give you consistent take home salary, decrease
Salary or INR your tax liability and increase your ability to save for retirement
1800 Per Month Option II: Limit equal contribution of INR 1800 from employer and
employee. This option will certainly give you a higher take home salary and
conversely increase your tax liability and reduce your ability to save for
retirement
The difference is adjusted with FBP (Flexible Benefit Plan) keeping the CTC
as constant. The options are available at the time of joining.
Employees can choose to make Voluntary contributions to PF account in
addition to the options above (VPF)
Group Term Life 3 times of Annual This is a company paid benefit which provides group term life coverage to all
Insurance Plan CTC subject to employees of Altimetrik India Pvt. Ltd. The benefit basis for life coverage

CIN: U72200KA2003PTC032290
min of INR will be 3 times of Annual CTC subject to a minimum of INR 20,00,000/-.
20,00,000/- The coverage is subject to completion of the Insurance company' s prescribed
insurance underwriting procedure and awarding of coverage by the insurance
company. Coverage applies world-wide, 24 hours a day.
Group Personal 2 times of Annual This is a company paid benefit which provides group personal accident
Accident Plan CTC subject to coverage to all employees of Altimetrik India Pvt. Ltd. The benefit basis for
min of INR accident coverage against permanent total disability, permanent partial
20,00,000/- disability and dismemberment will be 2 times of the Annual Cost to the
Company subject to a minimum of INR 20,00,000/-.
Group Base Sum Insured Altimetrik provides a Family Floater cover with a Base Sum Insured of INR
Mediclaim of INR 3 Lakhs per 3 Lakhs which costs approximately about INR 15,000/- per employee.
Insurance Policy family, with the Employees can cover their family members (Self + Spouse + 2 Kids +
option to Top Up Parents/In laws) under this policy, with no additional cost burden on
in multiples of 1 themselves.
Lakh up to 7 Lakhs
Employees will also have the option to Enhance their Sum Insured by paying
the applicable Premium. The details of the same is available in the below
table:

Base Annual Premium


Enhancement Total Sum
Sum (Recoverable from
Sum Insured Insured
insured employees)
INR 3 INR 3
- -
Lakhs Lakhs
INR 3 INR 4
INR 1 Lakh INR 5,068
Lakhs Lakhs
INR 3 INR 5
INR 2 Lakhs INR 7,600
Lakhs Lakhs
INR 3 INR 6
INR 3 Lakhs INR 11,400
Lakhs Lakhs
INR 3 INR 7
INR 4 Lakhs INR 13,110
Lakhs Lakhs
INR 3 INR 8
INR 5 Lakhs INR 15,076
Lakhs Lakhs
INR 3 INR 9
INR 6 Lakhs INR 17,338
Lakhs Lakhs
INR 3 INR 10
INR 7 Lakhs INR 19,938
Lakhs Lakhs

In case you fail to opt for any of the above option, you will be enrolled under
the default Sum Insured option of 3 Lakhs. You need to enrol your immediate
family (Spouse & 2 Children and dependent parents/in-laws) within 45 days
of joining. Mid-term inclusion of only new born babies (within 45 days of the
child birth) and newly married spouse (within 45 days from the date of
marriage) is allowed
Leave Annual Leave Leave balance for the calendar year over and above 30 days (maximum carry
Encashment Encashment of up forward) and subject to a maximum of 15 days will be encashed at the end of
to 15 days every year. The encashment will be computed on the Monthly Basic Salary
of an employee.

CIN: U72200KA2003PTC032290

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