Medical Reimbursement

 

PURPOSE

To streamline the system of medical reimbursement

SCOPE

This policy is applicable to all the units of ___________ group

POLICY & ENTITLEMENT

Level wise entitlement as per the salary structure, decided by Corporate HRM from time to time for the treatment of self and dependent family members.

RULES

Employees can claim a medical reimbursement either monthly, quarterly, ½ yearly or annually on submission of medical bills.

An eligible employee shall have to submit the medical bills.

Employees joining/leaving during the month shall be eligible for medical reimbursement on pro-rata basis for the number of days worked in that particular month.

There will not be any deduction of medical entitlement on account of their remaining absent for a long period on account of sickness/illness.

In case of amendment in the ESI Act and should such benefit connected to any of the above level, the above benefit will stand withdrawn.

If any employee gets promoted to the next level will be eligible for medical as applicable to his/her new level from the date of promotion.

 

 

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Get best matched jobs on your email. No registration needed
How the job analysis can best benefit to the company
Balance scorecard is necessary for achieving Goals of performance management
How to identify and apply performance management to get the best output from it?
Employee Engagement Process