Please note this page is translated in English only.
Health & well-being
Group medical insurance
Group medical insurance covers medical expense that arises due to an Illness. It covers inpatient hospitalization and outpatient treatment expenses as per policy T&C. The default benefit is the mandatory minimum coverage employees will be enrolled in. The default Medical Plan is Employee, Spouse, and 2 Children per family. Declaration of dependents is mandatory to avail of the benefit for them under the default plan.
Group personal accident insurance
Group personal accident insurance provides financial coverage against unforeseen events of death or Injury due to accidents. The default benefit is 2 times Annual salary. Only the employee is covered under this benefit.
Group life insurance
Group life insurance provides a lump sum payment to the employee’s nominated beneficiary in the event of death due to natural causes, illness or accident. The default benefit is 2 times Annual salary. Only the employee is covered under this benefit. This benefit plan also offers critical illness cover, but the eligibility for critical illness cover is dependent on your medical underwriting decision.
Global well-being program
SimpleSteps
The collective efforts of our employees around the world make it possible to achieve our Mission. It’s those efforts that are reflected in Tenet 5 and rewarded through a complete package of benefits to help you build your financial, physical, and emotional well-being. We are committed to supporting the well-being of our employees by reinventing the concept of well-being and embedding it into the fabric of Medtronic. SimpleSteps offers a broad, enhanced portfolio of resources and support to help improve your well-being, wherever you are in the world.
Pension & savings
Gratuity
Medtronic Bangladesh contributes 10% of basic salary to the Provident Fund and 8.33% of basic salary to the Gratuity. This is payable when an employee leaves the services of the company after completion of a minimum of 10 years.
Additional benefits
Time-off and leaves
Medtronic recognizes the importance of work/life balance and has programs to support working and living well. Take time to relax, recover, care for family, and more.
Employee assistance program
In this ever-changing world, you may face demands at home and at work that are hard to manage. The Employee Assistance Program (EAP) is here when you need it – to guide, support, and connect you and your family to the information, resources, and referrals to support whatever life brings your way.
