Welcome to National Buldings Construction Corporation Ltd.
Welfare Schemes for Employees
Contentment and all around development of employees at all levels is of paramount importance to the Corporation. Besides, multi-dimensional human resource development initiatives on an ongoing basis, Corporation has over the years introduced employees welfare measures in a graduated manner. Currently the list stands as under :
In-service / retired employees of the Corporation are covered under a Group Medical Insurance Policy and are eligible for indoor medical treatment both on cashless and reimbursement basis in any of the Hospitals listed by the Insurance Company .
Besides, a corpus / flotter is also available to the extent of 25% of the insured amount in order to cover the requirement of genuine cases.
3. Group Insurance Scheme
The inservice employees in the regular establishment of the Corporation are covered by a Group Insurance Scheme on payment of subscription by the employees according to their scale of pay.
4. Housing Subsidy
Employees of the Corporation on transfer from one place to another are entitled to housing subsidy at the new place of posting in addition to HRA of the station at which the family is left behind.
The Corporation also facilitates the employees for hiring their own accommodation at the new place of posting by allowing them interest free advance recoverable in twelve monthly installments.
5. Company Leased Accommodation
Employees at the level of General Manager and above are entitled to Company leased accommodation.
6. Leave Encashment:
Employees of the Corporation are entitled to encashment of leave to the extent of 50% as on 1st July of every year subject to availability and proceeding on leave for the matching period.
In the event of demise of an employee in harness, there is provision for extending financial assistance of to the kith and kin / legal hears of the deceased employee from the Benevolent Fund. With effect from 17.1.2013, the amount of financial assistance has been revised which is now Rs.5,00,000/- (Rs. Five lakhs). For this purpose the Corporation contributes a sum of Rs.2,00,000/- (Rs. Two lakhs) per employee and the balance is generated out of contribution from the employee of the Corporation.
8. Interest free advance:
The eligible employees of the Corporation are entitled to Fan, Cycle, Festival, Scooter and Car advance as per guidelines / rate of interest applicable to the Central Govt. employees.
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