It is a prescribed benefit plan and is one of the many retirement privileges by the employer to the employee upon leaving the organization. A person who has served in this organization for at least 5 years is eligible for this benefit. This computation is based on his/her average salary, dearness allowance, and the number of years he/she worked in the organization. The employee is eligible for 15 days of salary for every one calendar year of service in the organization. All the employees of the institution are provided with the Gratuity (linked to LIC scheme) as per the Govt. of India notification.
GROUP MEDICLAIM FACILITY
Group mediclaim facility is provided to all the employees of JSS Noida, University (optional) with cashless hospital admission facility.
EMPLOYEE STATE INSURANCE CORPORATION
ESI Medical Benefits. Employees' State Insurance or ESI is a comprehensive social security program for workers in the event of medical contingencies, such as sickness, maternity, death, or disablement due to employment injury and occupational disease. ESI facility is extended to all the employees with the ceiling limit of total salary Rs. 21,000/- per month.
MATERNITY BENEFIT
Women Employees can avail 135 days of maternity leave with full salary and shall not exceed two occasions during the service period of the employee. Maternity leave facility under ESI Scheme is also available up to 180 days extended for the ESI scheme employees. Maternity Leave benefits are extended to all the eligible employees as per Government notification.
GROUP PERSONAL ACCIDENT POLICY
All employees of JSS University, Noida are covered under Group Personal Accident Insurance with Sum Assured of Rs.2,50,000/-, and accidental hospitalization expenses up to Rs 50,000/-. If the staff is met with an accident, not able to attend the duties due to temporary total disabilities, weekly compensation Rs. 5000/- will be payable for a period of 52 weeks.
EARLY DEATH LIFE INSURANCE (EDLI) SCHEME
EDLI facility related to the death of the employee during his service period. This is extended to all the employees of JSS Univeristy Noida up to a limit of 600000/-.