Intuit India has rolled out new compensations and health benefits for its employees, including increased maternity benefits, coverage for surrogacy and infertility treatment.
BENGALURU: IT software firm Intuit India has rolled out new compensations and health benefits for its employees, including increased maternity benefits, coverage for surrogacy and infertility treatment as well as additional medical cover for parents-in-law.
Intuit's Quickbooks new medical plan provides increased maternity coverage for its over 900 employees and dependents. Coverage for normal deliveries has been increased to Rs 60,000 from Rs 50,000. For Csection, the company will cover expenses up to Rs 75,000. The company has also extended medical cover to the third and fourth child. Surrogacy and infertility treatments will also now be covered under the new plan.
Under the company's new group insurance plan, coverage in case of death and accident has been enhanced to three times the base salary from twice earlier. Additionally, staff will be covered for 12 critical health conditions, including major burns, aorta surgery, major organ/bone marrow transplant, and loss of limbs due to injury or disease, for up to Rs 10 lakh.
The plan also allows Intuit Quickbooks staff to purchase additional medical cover for their parents-in-law.
"One of the highlights of the new plan is the income protection clause, under which financial coverage is provided during extended hospitalisation and time away from work for medical reasons," said Shikha Verma, C&B leader, India and APAC. "For prolonged medical treatments, employees end up having to go on long periods of leave without pay. Under this clause, their financial well-being will be taken care of." For up to three months of extended leave, an amount equivalent to three times the employee's monthly salary will be provided, or Rs 60,000, whichever is lower.
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