Life and Accidental Death & Dismemberment
VMware provides Life Insurance through Exide Life Insurance Company Limited.
All regular full-time employees of VMware are eligible for Life Insurance.
In the event of death while in the service of VMware, due to illness or injury, your beneficiaries of the employee will receive a lump sum payment of two (2) times of the Cost To Company with a minimum of 500,000 INR. The insurance covers natural death, pre-existing diseased death and accidental death.
You will be automatically enrolled in the Life Insurance and insured for amounts up to the cover limit mentioned above.
Free Cover Limit
You will be automatically enrolled in the life Insurance up to INR 5.5 Crores. Employees with a salary above the indicated threshold will be subject to underwriting requirement basis which coverage will be determined.
When Coverage Begins
Coverage will begin on the first day of your employment.
VMware pays 100% of the premium costs for you Life Insurance.
When Coverage Ends
Coverage ends on the last day of service with VMware.