TCS provides group life insurance coverage to its employees as a benefit paid for by the company.
The coverage amount is determined based on a formula that considers the employee's annual compensation.
The coverage amount is six times the employee's annual compensation or 23 lakhs, whichever is higher.
The coverage amount is payable in the event of the employee's death due to any cause, including natural causes, accidents, or illnesses.
The life insurance coverage is provided regardless of the employee's age or health condition.
The policy beneficiaries are chosen by the employee and can be changed at any time.
Employees on international assignments are also covered under the policy.
In addition to the group life insurance coverage, employees can also opt for additional coverage through voluntary life insurance plans offered by TCS.
The rehire policy is subject to change at any time, and Accenture may modify or terminate the policy without notice.