Life Insurance
Life insurance provides financial protection for you and your family. Coverage is 3 x your base annual salary at the time of death, and will be paid out to your beneficiaries as nominated or in line with the rules and terms & conditions of the policy.
Eligibility
All regular and fixed-term employees of Databricks India are eligible from their date of hire, provided they are actively at work.
Enrollment
Eligible employees are automatically enrolled in the plan on the date of hire, provided they are actively at work. Being active at work means you:
- have not received medical advice to refrain from work and are actively following your normal occupation.
- are working your normal number of hours required by your contract of employment, either at your normal business address or at a location where you are required to travel for business.
If an employee is not actively at work, cover will commence from the day of returning to full-time active employment.
Should your potential benefit payout exceed the policy free cover limit of 25,000,000 INR, the life insurance provider, ICICI, will contact you to discuss medical underwriting requirements. Failure to comply with this requirement will result in the potential benefit payout being capped at 25,000,000 INR.
All employees must nominate their beneficiaries for Life Insurance by completing this Expression of Wish Form.
Contributions
Databricks funds the full premium for employees.