Life Insurance

Life insurance provides financial protection for you and your family. You are eligible to participate if you are a regular employee scheduled to work at least 20 hours per week. These benefits are administered by Kotak Life Insurance.

Group term life insurance

Adobe provides group term life insurance at no cost to you. The benefit is three times your annual fixed salary, with a maximum of ₹3,50,00,000. The insurer is Kotak Mahindra Life Insurance Co. Ltd.

The beneficiary nomination process is through My Adobe Benefits.

You will receive an email from My Adobe Benefits within two days of your hire date regarding the nomination process. If you do not receive the email please contact the ERC.

You can update your nomination anytime in the case of a life event (such as marriage, birth of child/adoption, death of a beneficiary, etc.) or if you simply wish to update your nomination without a life event occurring.

Please refer to the FAQs [PDF], tool guide [PDF] and video tutorial for more assistance with the nomination process.

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Top up life insurance

This benefit is optional coverage that’s in addition to the group term life insurance provided by Adobe. Participation is voluntary, and you can purchase coverage up to certain amounts. Details are in the Group Top Up Life Insurance Policy [PDF].

Cost

The cost varies from year to year. You can see the list of costs during enrollment. A new enrolment period starts on 1 April 2021.

Note: Due to the system upgrade, the link for enrolment under Voluntary Top-up life insurance will be available from 7 April–7 May 2021.

How to sign up

To sign up, follow the instructions in the Voluntary Top Up Portal Flow manual [PDF]. You must also complete this Special Travel Questionnaire [PDF] and email it to ashwani.manchanda@kotak.com and kli.groupops-north@kotak.com.   

If you have questions about top up life insurance, review the Voluntary Top Up Cover FAQs [PDF].

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Group personal accident insurance

Group personal accident insurance (GPA) protects you and your family financially if you die or are disabled due to an accident. Under this insurance, you’ll be paid according to the Group Personal Accident Insurance policy [PDF]. This sum is ₹40,00,000 for all regular employees.

Payments can only be made in India and in Indian Rupees.

Frequently asked questions

What kinds of the accidents are covered under the policy?

This insurance covers all types of accidents, including those sustained at work, at home, at play or on travel.

What is the weekly benefit?

If you’re on an unpaid leave for medical or recuperation reasons, this insurance pays you up to ₹10,000 per week or your actual weekly salary, whichever is less.

What dates is the policy in effect for?

1 April 2021 to 31 March 2022

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Employee deposit linked insurance

Employee deposit linked insurance (EDLI) is a statutory benefit that provides insurance coverage in the eventuality of demise of the member (employee).

In the unfortunate event of an employee death, this insurance provides compensation/payment up to a defined financial limit of INR 600,000, /- to the legal nominee of the employee.

EDLI contributions will be made to EPFO effective February 2021 onwards. The employee/nominee can reach out to adobepf@dkmonline.com, in case claim related information is required.

For any query, please reach out to erc@adobe.com or can call @ 6-HELP option 2.

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