Intuit extends health benefits of employees

1. Intuit Extends Health
Benefits of Employees
Benefits include increased cover for maternity , surrogacy and
infertility treatment, and parents-in-law

2. Contd…
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 new medical plan provides increased maternity
coverage for its over 900 employees and dependents. Coverage for normal
deliveries has been in creased to ` . 60,000 from `. 50,000. For Csection, the
company will cover expens . 75,000. The company has also es up to `
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 organbone marrow transplant,
and loss of limbs due to injury or disease, for up to `. 10 lakh.

3. Contd…
The plan also allows Intuit 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 rea sons,“ said Shikha Verma, C&B leader India and APAC. “For
prolonged medi cal treatments, employees end up having to go on long periods of
leave without pay . Under this clause, their financia 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 pro . 60,000, whichever is lower.vided, or `
“The new group medical plan caters to different life-stages for our employees
whom we count as our biggest and most important investment,“ said Somnath
Baishya, director and head-HR. “We've kept in mind changing demographics and
have taken a diverse and intuitive approach to cover for actual realities that our
employees face.“

4. Contd…
While a few of the benefits were rolled out in August, many are new, including the
income protection clause. The mail er that went out to Intuit employees last week,
which was viewed by The Economic Times, states “Life, as someone once said, is
like a box of chocolates. You never know what you're going to get... At Intuit, no
matter what, we've #gotyoucovered“.
Many of the new changes have been brought into effect after consultations with
employees, said Sriniwasan Ramaswami, talent engagement leader, India and
APAC.
“While insurance policies at the majority of companies provide coverage for
employees' parents, Intuit has taken a bold step by allowing for in-laws to be
covered as well. This will provide a safety cushion on top of additional medical
expenses that may be incurred for aged andorailing parents and in-laws,“ said
Umesh Belludi, CEO of BrainTree HR Consulting. “The new benefits at Intuit will
make an impact towards retention of employees, besides showing them that they
are well taken care of.“

5. For details and bookings contact:-
Parveen Kumar Chadha… THINK TANK
(Founder and C.E.O of Saxbee Consultants & Other-Mother
marketingandcommunicationconsultants.com)
Email :-saxbeeconsultants@gmail.com
Mobile No. +91-9818308353
Address:-First Floor G-20(A), Kirti Nagar, New Delhi India Postal Code-110015