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Appraisal 22-23

Somendra Mishra has been promoted to band M and his Annual CTC has been revised to INR 10,26,524 effective April 1, 2023, reflecting a 20% increment. He will receive a variable pay of INR 1,57,166 with his April 2023 salary, contingent on company and individual performance. The document outlines the detailed compensation structure and confirms that all other employment terms remain unchanged.

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Somendra Kumar Mishra
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12 views2 pages

Appraisal 22-23

Somendra Mishra has been promoted to band M and his Annual CTC has been revised to INR 10,26,524 effective April 1, 2023, reflecting a 20% increment. He will receive a variable pay of INR 1,57,166 with his April 2023 salary, contingent on company and individual performance. The document outlines the detailed compensation structure and confirms that all other employment terms remain unchanged.

Uploaded by

Somendra Kumar Mishra
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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April 27, 2023

Name : Somendra Mishra


Designation : Deputy Manager
Employee Code : 4200

Location : New Delhi

Dear Somendra Mishra,

One of the Top 25 India's Best Workplaces™ in BFSI would like to congratulate you and express our appreciation for your valuable contribution to achieving
organisation objectives for FY 22-23.

In recognition of your efforts and based on organization and individual performance, you have been promoted to band M.

Your Annual CTC (Cost to Company) stands revised w.e.f. April 1, 2023 as per the details given below:

Increment % 20.0%

Revised Fixed Pay * INR 7,60,619

*Calculated on prorated Fixed Pay

In appreciation of your work during the year 2022-23, the Company is pleased to announce a variable pay of INR 1,57,166 which will be paid along with your April

2023 salary subject to applicable income tax.

You shall be eligible for payment of the variable pay for FY24 in the next nancial year based on Companyʼs performance and your performance subject to you being
in the services of the Company and not serving notice period at the time of disbursement.

Please refer Annexure A for detailed Compensation Structure effective April 1, 2023 . All other terms of your employment remains unchanged.

We wish you continued success in your career with HDFC ERGO.

Thanking You,

Yours Faithfully,
For HDFC ERGO General Insurance Company Limited

Anuj Tyagi

Deputy Managing Director


Name : Somendra Mishra
Grade :M

Employee Code : 4200

Location : New Delhi


Annexure A

Existing Revised
Salary Head
Yearly Yearly

Basic 1,90,119 2,28,186

Special Allowance 2,60,191 3,23,582

House Rent Allowance 95,060 1,14,093

Leave Travel Allowance 30,000 30,000

Meal Allowance 26,400 26,400

Provident Fund 22,814 27,382

Gratuity 9,145 10,976

Total Fixed 6,33,729 7,60,619

Life Insurance 3,718 3,450

Personal Accident 805 880

Medical Insurance 27,795 25,782

Total Benefits 32,318 30,112

Variable Pay 1,96,457 2,35,793

Total CTC 8,62,504 10,26,524

Other Employee Benefits

Life Insurance Cover 30,00,000

Accidental Death / Permanent Disability Benefit 40,00,000

Hospitalization Benefit 4,00,000

**All monetary figures mentioned above are subject to Income Tax as per appropriate slab

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