India
Pearson India provides medical insurance through The New India Assurance Company Limited, extending a broader array of benefits to employees and their family members (spouse, children, parents/parents-in-law). This coverage encompasses hospitalisation expenses for illnesses, diseases, or injuries. Additionally, employees have the option to leverage the Voluntary Flex Policy, which offers a range of outpatient benefits such as health assessments, dental treatments, eye care, and more.
Employees will be provided with the following options:
Sum Insured
INR 3,00,000 to INR 8,00,000
Additional Modules
- Maternity plan 1
- Maternity plan 2
- Silver Plan
- Gold Plan
- OPD Coverage
Family Options
- Employee only (E)
- Employee, Spouse, Children (ESC)
- Employee and 1 Parent, Parents-in-Law (E1P/PIL)
- Employee and 2 Parents, Parents-in-Law (E2P/PIL)
Pearson India offers Supplemental Medical Coverage that provides reimbursements in the event of a significant medical expense.
There are two types of supplemental plans offered:
Accident Insurance
Supplements the primary medical plan by providing cash payments in case of accidental injuries for a sum insured is 2 times of their Annual Base Salary. Additionally, employees have the option to avail of the following coverage:
- Employee Top-Up: up to 10 times their Annual Base Salary
- Spouse Coverage: NR 10,00,000
Term Life Insurance
You will be automatically enrolled in the Pearson Life Plan, which provides a lump sum benefit of 3 times your Annual Base Salary to your designated legal dependents in the unfortunate event of your passing.
Cigna, your EAP, and work-life/wellness resource can support you and your dependents with issues related to work, life, and everything in between. Pearson provides this confidential program at no cost to you. Through the EAP, you, and family members who live with you, have access to unlimited phone counselling and up to five face-to-face or video-based counselling sessions per issue per year.
As a new employee, you can immediately start saving for retirement by contributing 12% of your basic salary to the Employee Provident Fund (EPF). The employer contributes 8.33% to the Employee Pension Scheme (EPS). However, if you joined the EPF after September 1, 2014, and your monthly salary exceeds Rs. 15,000, you cannot open an EPS account.
Pearson Global Share Plan is an easy and flexible way to save money directly from your pay. At the end of the savings period, you can use your savings to purchase Pearson shares at a 20% discount to the market price at the start of the plan. You can keep your shares or sell them immediately.
As part of your benefits package, you have access to a variety of additional programs that provide financial protection, help you save money, and aid with everyday needs, such as:
- Sick Leave
- Critical Illness
- Term Life Insurance
- Privilege Leave
- Casual Leave
- Parental Leave
- Maternity Leave (ML)
- Adoption or Commissioning Maternity Leave (ACML)
- Crèche Facility
- Fixed and Restricted Holidays
- Education Assistance
- Travel Assistance
- Car Lease