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Life Insurance Manager

Location:
Vasant Nagar, Karnataka, India
Posted:
March 28, 2021

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Resume:

Rl'qd. Office: ***/***, Old Mahabalipuram Road, Okkiam Thoraipakkam, Chennai - 600 097

Ref No: 15406042

**-***-****

Shwetha C Pondomatti

Dear Shwetha C,

With reference to the discussions that we had with you, we are pleased to offer you the role of Team Leader in Cognizant Technology Solutions India Private Limited ("Cognizant"). Your place of posting will be Hyderabad.

Your Annual Total Compensation will be INR 1,950,004. This includes an annual incentive indication of INR 100,000. This amount may vary, depending on Cognizant's performance and your performance. The other details about your compensation is presented in Annexure A. We would like to inform you that Cognizant has considered 48 months of your experience as relevant, which would be updated in our records.

Your appointment will be governed by the terms and conditions of employment presented in Employment Agreement. You will also be governed by the rules, regulations and practices in vogue and those that may change from time to time. Your compensation is highly confidential and if the need arises, you may discuss it only with your Manager. Your services with the Cognizant shall be confirmed after completion of the probation period

("Probation Period"). Your initial term of the Probation Period shall be 6 months. Cognizant reserves the right to extend your Probation Period, at its sole discretion, for two consecutive terms of three months each. During or at the end of the Probation Period, your employment may be terminated by Cognizant at any time, without assigning any reasons, by giving one (1) month notice or notice pay in lieu thereof. Confirmation of your services shall solely depend upon satisfactory performance and conduct during the Probation Period. We request you to join us on or before 22-Mar-2021. Please note:

• This appointment is subject to satisfactory professional reference checks

• This offer from Cognizant is valid for 3 months only from the date of offer, any extension in said validity shall be at the discretion of the company and shall be communicated to you in writing

• Prior to commencing employment with Cognizant you must provide Cognizant with evidence of your right to work in India and other such documents as Cognizant may request We look forward to your joining us. Should you have any further questions or clarifications, please feel free to contact us.

Yours sincerely,

For Cognizant Technology Solutions India Pvt. Ltd. Suresh Bethavandu

Global Head-Talent Acquisition

I have read the offer, understood and accept the above mentioned terms and conditions. Rl'qd. Office: 115/535, Old Mahabalipuram Road, Okkiam Thoraipakkam, Chennai - 600 097 Annexure A

Name: Shwetha C Pondomatti Designation: Team Leader Sl. No. Description Monthly Yearly

1 Basic 53975 647,700

2 HRA* 32385 388,620

3 Conveyance Allowance* 800 9,600

4 Medical Allowance* 1250 15,000

5 Company's contribution of PF # 6477 77,724

6 Advance Statutory Bonus*** 2000 24,000

7 Special Allowance* 57280 687,360

Annual Gross Compensation 1,850,004

Incentive Indication (per annum)** 100,000

Annual Total Compensation 1,950,004

Company's contribution towards benefits (Medical, Accident and Life Insurance)

19,500

Annual Total Remuneration 1,969,504

As an associate you are also entitled to the following additional benefits:

• Floating Medical Insurance Coverage

• Round the Clock Group personal accident Insurance coverage

• Group Term Life Insurance Coverage

• Employees' compensation insurance benefit as per the Employees' Compensation Act, 2010

• Gratuity, on separation after 4 years and 240 calendar days of continuous service, payable as per The Payment of Gratuity Act, 1972

Leave & Vacation: From the Date of your Joining, you will be entitled with the below mentioned leaves as per your eligibility in line with the statutory requirements. You shall be entitled to avail the leaves only with prior approval from your Manager. Category of leave

• Earned leave - 18 days

• Sick leave - 12 days

• Casual Leave - 6 days

• From the Date of Joining, Women associates will be entitled to Maternity leave based on the eligibility as laid down in The Maternity Benefit (Amendment) Act, 2017

• In addition to the above, as per Cognizant policy you are also eligible to avail Child Adoption leave and Paternity leave by adhering to the conditions as laid down in the India Leave Policy Provident Fund Wages: For the purpose of computing contribution to Provident Fund, Pension Fund & EDLI Scheme, "Monthly Gross Salary as per Annexure A of this letter excluding

"Advance Statutory Bonus" & "House Rent Allowance" will be considered. This does not include payments made through "Special Payout".

Determination of PF Wages for the purpose of contribution: PF contribution shall be payable on Rl'qd. Office: 115/535, Old Mahabalipuram Road, Okkiam Thoraipakkam, Chennai - 600 097 the earned PF wages or PF wages as per this letter, whichever is lesser. Employee State Insurance: ESI Eligible Wages Eligibility to ESI shall be decided by deducting the Advanced Statutory Bonus, Employer PF & ESI contribution from the monthly Gross Compensation (AGC/12) as per Annexure A of this letter. Earned ESI Wages: Monthly ESI contribution will be computed on total remuneration paid to an Associate in a particular month which includes any recurring (or) adhoc special payouts during the month ESI Contribution shall be continued till end of the contribution period (Apr to Sep & Oct to Mar), if the Associate contributes even for one month in the said contribution period.

* Flexible Benefit Plan: Your compensation has been structured to ensure that you are adequately empowered to apportion components of your salary in a manner that suits you the best. This plan will enable you to

1. Choose from a bouquet of allowance or benefits

2. Redefine your salary structure within prescribed guidelines 3. Optimize your earnings

** Incentive Indication: Incentive amount may be higher, lower, or nil as per the terms described herein. The incentive program is discretionary, subject to change, and based on individual and company performance. It is pro-rated to the duration spent with Cognizant India for the calendar year and will be paid to you only if you are active on Cognizant's payroll on the day the incentive is paid.

***Advance Statutory Bonus is in line with the provisions of Payment of Bonus Act, 1965. Note:

• Any statutory revision of Provident Fund/ESI Contribution or any other similar statutory benefits will result in a change in the Net take home salary and the Annual Gross Compensation will remain the same

• Cognizant has made this offer in good faith after expending significant time and resources in the hiring process. We hope you will join us, but appreciate your right to pursue another path. Your formal commitment to joining us forms the basis of further planning and client communication at Cognizant. If you renege on the commitment and decide not to join us after signing the offer letter, Cognizant reserves the right to not consider you for future career opportunities in the company. We look forward to welcoming you to Cognizant Login to https:\\onecognizant.cognizant.com->Total Rewards App for more details. Annexure C

Relocation Entitlements

With reference to our discussion and subsequent offer to join Cognizant on 22-Mar-2021, we wish to inform you that you are eligible for reimbursement of the expense incurred towards relocation from your current city to offer location - Hyderabad. The following expenses would be eligible to be reimbursed subject to the entitlements limits:

• Expenses related to movement of personal effects, domestic goods, insurance and vehicle at actuals and subject to an upper limit of INR 30,000

• Travel and accommodation expenses incurred by the candidate and 3 dependents (includes spouse, children, parents, parents-in law and unmarried dependent siblings)

• Travel by road/ rail is recommended unless the travel duration exceeds 12 hours, in which case air travel in economy class will be permitted

• If the mode of travel is either by air/ rail, the travel arrangements should be facilitated only through Cognizant authorized travel partner – Hogg Robinson Group (HRG), with the support from your recruiter

Rl'qd. Office: 115/535, Old Mahabalipuram Road, Okkiam Thoraipakkam, Chennai - 600 097 You will be eligible for an accommodation at any of the Cognizant authorized guest house/ hotels

(at the joining location), for a maximum period of 14 calendar days. The same shall be facilitated only through Cognizant authorized travel partner – Hogg Robinson Group (HRG), with the support from your recruiter

Travel to / from the guesthouse / hotel to / from Cognizant office, shall be arranged by yourself and reimbursed at actuals with receipts

Per Diem entitlement of INR 0/- for a period of 14 calendar days towards business meals, laundry, tips, taxes, gratuities incurred at hotels/ restaurants and any incidental expenses, such as snacks and beverages incurred at the destination/ location of reporting/ transit location (during travel).

Kindly note the points below:

• All the relevant bills/ invoices and e-payment/ bank transaction proof should be submitted for claim in the name of the associate

• In case of road / rail travel, scanned copy of the bus / train tickets and relevant invoices towards booking of travel tickets needs to be submitted

• In case of air travel, boarding pass and relevant invoices towards booking of travel tickets needs to be submitted

All expense claims should be submitted for reimbursement within 60 calendar days from the date of joining Cognizant, along with the TAG lead's approval (Director plus) over an email. In the event of separation within one year, the associate has to pay back the relocation entitlement claimed towards transfer of personal effects.

Submission of bills that are not towards the relocation expenses and not authentic, will entitle Cognizant to deal with the issue as it deems fit.



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