I would like to know what engineering companies offer employees in terms of leave, Group Mediclaim, Group Accident Insurance, term policy, workmens compensation etc. i need the information for benchmarking our employee policies.
Our company offers the following:
Total Leave (no separate SL/PL/CL) - 5 day week (21 days) & 6 day week (30 days)
Leave Accumulation - 42 days & 60 days depending on 5 or 6 days working.
Mediclaim - SI Rs. 2 Lakh for employees covered under ESIC, Rs. 3 Lakh for those below Manager grade but not covered by ESIC, Rs. 5 Lakh for all Managers and above.
Accident Insurance - Rs.5 Lakh for all below Managers, Rs.10 Lakh for Managers and above, Rs.25 Lakh for Management.
ESIC & EPF as per statutory norms.
Haven't taken Workmen's Compensation. What's the benefit of a Term Policy v/s WC Policy?
Awaiting valuable advice, suggestions etc. 8th March 2019 From India, Ahmedabad