Hi, You need to prepare a policy based on your company norms.
Determine the Value of Gifts
Begin by determining the value of gifts. For example, for marriage, consider amounts such as Rs. 5000/- or Rs. 2500/-, and also for childbirth.
Establish Eligibility Criteria
Next, establish the eligibility criteria. Employees should have completed one, two, three, four, or five years of service with the company to qualify for the gift.
Specify Conditions for Childbirth Gifts
For childbirth, specify if the gift is applicable for the first child only or also for subsequent children.
After deciding on these aspects, proceed to draft the policy. For marriage gifts, require submission of marriage invitations; for childbirth gifts, request submission of birth certificates.