Verinite Technologies Office Photos

Life Insurance Every Verinitian has life coverage policy by PNB Metlife and the premium is paid by Verinite till the time the associate is employed with the Company. The coverage per associate is five times their ctc. Medical Insurance is covered by Iffco Tokio. The Group Medical Insurance policy covers the associate, their spouse and two children. The coverage limits varies according to the years of experience of the associates. The coverage and benefit details are as per the policy, the premium of the policy will be paid by Verinite till the time the associates are employed with the Company. Associates need to refer to the Iffco Tokio Insurance policy for further details. Accident Insurance covered by Iffco Tokio The Group Personal Accident Insurance policy covers very associate individually. The coverage limit is Rupees Fifteen Lakh per associate. The policy will be paid by Verinite till the time the associates are employed with the company. The associate needs to refer to Reliance General Accident Insurance Policy for further details.

Gratuity is a part of salary that is received by an associate from Verinite in gratitude for the services offered. Gratuity is a defined benefit plan and is one of the many retirement benefits offered by Verinite to the associate upon leaving his job. As per Sec 10 (10) of Income Tax Act, gratuity is paid when an associate completes continuous five or more years (minimum 240 days per year) of full-time employment. At Verinite, The benefit is applicable when an associate completes 4 or more years.