Anjanasoft : Benefits

Employee Benefits

Anjanasoft follows an integrated method for arriving at compensation and benefit plans for our employees. Life insurance, Gratuity, Health and Pension benefits are major components of our remuneration structure. Employee’s base salary, remuneration and perks are offered by keeping these benefits a special place in the compensation structure.

The Anjanasoft’s benefits programs address both the immediate needs of the employee and their family may have, such as medical coverage or dependent care assistance, and their long-term needs, such as retirement savings, etc.

For a brief overview of benefits, please select one of the tabs available.

Benefits in India

Your Medical and Pension Cover

1. Medical Program – MAS / MBS / Insurance

The employees and their dependents are eligible for medical reimbursement, Medical Insurance and an additional benefit in case of hospitalization expense exceeds the insurance cover upon providing bill. The employees attaining the age of 40 yrs are eligible for a Company paid Annual health check-up.

2. Employee Pension Program

This program provides eligible employees for a reasonable monthly income post retirement. Employee or their family is also eligible for pension in the event of Total Permanent Disability or bereavement while in service after adjusting for Gratuity benefit as per the prevailing Pension policy.

3. Gratuity Benefit

Employees are eligible for a lump sum benefit upon separation after completion of 5 years of service or on retirement or when deceased. This benefit is part of employee pension program.

4. Survivor Benefit Pension Program

For a married employee and in the unfortunate event of pre-mature demise, his/her spouse and children or parents would get pension.

Your Life and Accident Cover

1. Group Personal Accident Insurance (GPAI) program

Through GPAI employees are covered by way of round-the-clock risk coverage against any accidents occurring while at work or outside of work resulting in partial or total disablement or casualty. Even on temporary disability due to Accident you get compensated for loss of wages on account of leave due to Accident.

2. Employee Deposit Linked Insurance (EDLI) Program

Another benefit for employee’s family that accrues through employer contributions to Govt. Employee Pension Scheme in the event of a fatality.

Your Profit Sharing

Based on the companies performance, the Board of Directors declare a percentage of profit to be distributed evenly across the employees which will be invested in mutual funds managed by LIC

*For more details please contact HR/Accounts department

Benefits in USA

Kaiser Permanente HSA-Qualified Deductible HMO Plan

HSA Plan

A Health Savings Account (HSA) is a plan that enables you to put pre-tax dollars into an account to pay for health care costs and services.

What is an HSA Plan?

An HSA Plan is a savings account, created through a health insurance company with pre-tax dollars which are set aside for medical costs. The money in an HSA plan can grow because it can be invested or simply remain in an interest-bearing account. The HSA plan was created to go along with a High Deductible Health Plan (HDHP).

Benefit of an HSA Plan

The first obvious benefit of the HSA plan is that the money put into the account is pre-tax, saving the plan holder tax dollars right off the bat and maximizing his earned income. Another clear benefit of the HSA plan is the ability that it has to grow, the savings account can gain simple interest or growth by investment. One of the greatest benefits of the HSA plan is that unused funds can roll over year after year.

Use of HSA Plan Funds

An HSA plan is set up for medical expenses. Withdrawing HSA funds for approved medical expenses allows the plan holder to pay for his medical expenses with untaxed income. Approved medical expenses include eyeglasses, prescription medicines, doctor visits, medical procedures and meeting deductibles to name a few.

HSA Plan Funds for Non-Medical Items

Withdrawing HSA plan funds for non-medical items is much like withdrawing money from an IRA too early. You will be penalized and taxed for withdrawing HSA plan money for non-medical items.

The following benefits are common to many of the HMO plans:

Office visits
Hospitalization coverage
Emergency room service
X-ray and laboratory procedures
Vision and hearing examinations.
Prenatal, postnatal and newborn care office visits
Outpatient mental health consultation and treatment

Dental HMO

Most dental procedures are listed co-payments.
Additional cleanings and adult fluoride are covered.
General anaesthesia, cosmetic at listed co-payments
No five-year frequency limitations on replacement of crowns, bridge or dentures.