US-based IT transformation firm to also sponsor employee Group Mediclaim worth Rs 3 crore 11
1 or Rs 72 lakh from October 2020
- 2000 India employees to benefit from Corona insurance and Group Mediclaim cover
- Corona insurance policy effective from August 2020 for 6.5 months or 195 days
- Policy covers pre and post Covid hospitalization treatment for 15-30 days
Bengaluru, NFAPost: Altimetrik, a US-based, business and IT transformation company, has rolled out ‘Corona Kavach’ insurance policy for 2000 India employees.
The firm has earmarked $1 million or Rs 7 crore 44 lakh approx. in FY 20-21 to provide Corona insurance and other Covid care/welfare benefits for India employees.
The Corona insurance provides coverage of Rs 3 lakh per employee/spouse/ dependents for pre and post Covid hospitalization treatment for 15 days to a month. The policy is effective from 1st August 2020 to mid March 2021.
The Corona insurance covers a range of benefits and treatments-
· Allopathy, Ayurveda, Yoga, Naturopathy, Unani, Siddha, Homeopathy and Ayush at Govt. authorized hospitals
· Home treatment by qualified practitioners for up to 14 days
· PPE kits, gloves, masks, Pulse Oximeter, Oxygen cylinder, Nebulizer & road ambulance expenses of up to Rs 2K
· Comorbidities such as Diabetes, Asthma, COPD, Cancer, Hypertension, Lung Fibrosis, HIV, Cardiovascular/Heart Diseases and Auto-immune Diseases
Altimetrik will also provide a one-time, furniture allowance of INR 10,000 and monthly broadband reimbursement of Rs 1000 to all employees. The company has allocated USD 0.5 million or INR 3 crore 72 lakh to fund home-office setup and Corona insurance cover.
Additionally, from October 2020 the existing employee paid Group Mediclaim will also be completely sponsored by Altimetrik worth $0.5 million. The additional coverage will extend to employee spouses and any two dependents i.e.; children up to 25 years and/or parent(s)/in-laws above 65 years.
Fortune 100 companies
Commenting on the policies, Altimetrik Corporation CEO Raj Sundaresan said talent is at the core of Altimetrik’s existence as the business transformation accelerator for Fortune 100 companies.
“As we help enterprises adapt to the new normal, we have to shift gears with our internal policies to support our people in driving the digital imperative. In that, the novel Corona Kavach policy, company paid Group Mediclaim cover and remote working support are measures designed to empower our people in the Covid-19 work context,” said Altimetrik Corporation CEO Raj Sundaresan.
Altimetrik APAC HR Head Krishna Muniramaiah said Altimetrik has consistently ranked in the top 100 Great Place to Work for companies in India consecutively for over four years.
“In continuation with our efforts to be the talent destination of choice in a Covid-19 world, we have set aside nearly Rs 7 crore 44 lakh as company contribution towards workforce welfare in India for FY 20-21. Being a crucial talent market for us we will be announcing more staff welfare measures in the coming months,” said Altimetrik APAC HR Head Krishna Muniramaiah.
Altimetrik has partnered with a leading insurance company and administrator with 7000+hospital network across India to deliver the insurance benefits to its employees.
Altimetrik is a business and IT transformation accelerator. We partner with Fortune 500 companies to deliver fast, meaningful outcomes. As practitioners of end-to-end business and technology transformation, we deliver measurable results for clients across financial services, payments, retail, automotive, healthcare, manufacturing, and other industries. Founded in 2012, we have offices and development centers across the globe and over 2,500 energized employees.