Salary and Benefits (Fellows)
Salary Structure
Fellows are offered a monthly salary according to their level of training:
- Fellow I Rs 165,000
- Fellow II Rs 176,000
- Fellow III Rs 187,000
Benefits
Leaves
Fellows are entitled to the following leaves:
- Earned Leave: 23 working days per annum
- Casual Leave: 5 working days per annum
- Sick Leave: 15 calendar days per annum
Outpatient Medical Expenses
Annual maximum reimbursement limit is Rs 95,000; which can be used within AKUH campuses.
Inpatient Medical Expenses
AKU will bear 85 per cent of the admissible hospitalization expenses. The remaining 15 percent of the expenses will be borne by the employee and should be settled by the employee before the patient is discharged. However, if an employee is unable to pay the required expenses immediately, he/she can request for this amount to be deducted from his or her salary in a maximum of 12 equal installments.
The above hospitalization benefit is applicable at AKUH Stadium Road campus or the secondary health care hospitals and the room entitlement for the employee and his/her dependents’ will be of general ward.
Assistance for Diagnostic Tests and Procedures Expense
All diagnostic tests and procedures which cost over Rs 7,500 will be treated as inpatient, i.e. 85 per cent of the cost will be borne by AKUH and 15 per cent will be charged to the employee. All eligible employees and their dependents can avail this benefit. Limits apply: Expenses pertaining to dental procedures, cosmetic treatment and executive medical check-ups will not be admissible under this category.
Group Life Insurance
Fellows are covered under the Group Life Insurance Scheme for Rs.1,000,000/- or 30 months’ last drawn salary, whichever is higher. Additionally, coverage for temporary and permanent disability or death due to accidents is also provided. The cost of premium is fully borne by the organization.
Provident Fund
The employee’s monthly contribution will be 10% of the basic salary which will be deducted directly from his/her salary. The organization will simultaneously contribute an equivalent amount to the employee’s Provident Fund account. The Provident Fund will be effective from the commencement of regular full-time employment.
Gratuity
The organization offers a Defined Contribution gratuity scheme on conclusion of employment (except in the case of dismissal for misconduct). Regular full-time employees shall be paid gratuity as given below provided they have completed at least 5 years of employment:
No. of Years in Service
| Defined Contribution Gratuity Scheme
|
5 years to less than 10 years
| Equivalent to 10 days of basic salary for each completed year or part thereof, together with profit & loss earned by the fund.
|
10 years and above
| Equivalent to 20 days of basic salary for each completed year or part thereof, together with profit & loss earned by the fund.
|
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