Appointment Letter

 Letter Ref No: AL_P00001_7290

STRICTLY PRIVATE & CONFIDENTIAL

14 Dec 2021

Amlan Amiya Basu,

1\301 Gokul Village 2,Shanti Park,

Mira Road East Near st Xavier High School

Mira-Bhayader

Thane - 401107

APPOINTMENT LETTER

On behalf of Edelweiss Tokio Life Insurance Company Limited (“the Company”), we have pleasure in offering

you an appointment as Business Manager on the following terms and conditions:

I Date of Commencement

You are required to commence work with us on or before 15 Dec 2021 (‘Date of Joining’).

II. Location

You will be based in Mumbai_Kalyan West. However, based on business exigencies, you may be relocated by

the Company anywhere in India. You may be transferred to a different position or LOB/department as per the

requirements of the Company.

III. Services

The scope of your services are set out in Annexure 1 to this Letter of Appointment. You will be required to

work part-time not exceeding such number of days as may be specified by Company from time to time

IV. Remuneration and Benefits

a. The remuneration payable to you will be monthly, payable for four days of employment per month. You

will receive Remuneration and Benefits as set out in Annexure 2.

b. You will not be entitled to claim any other privileges/benefits which are available to the full time

employees except the remuneration stated above for your part-time employment.

c. The Company will deduct at source, Income Tax and any other statutory deductions, as per the applicable

tax laws.

d. The Company will also be entitled to deduct any sum as may be recoverable from you from time to time

as per Company’s policies.

e. The Company is entitled to modify, change or restructure such compensation, benefits from time to time

in accordance with change in Company Policy or applicable laws and regulations.

Internal

V. Performance Review

Your performance will be reviewed from time to time. You will be eligible to participate in the Company’s

discretionary Performance Linked Incentives as applicable subject to your being in the Company’s employment

and not under notice to leave the Company on the bonus payment date.

VI. Notice for Separation / Termination:

a. Either party, by stating their intention to do so, in writing may terminate this employment, at any time,

during the tenure of this contract, provided that at least 30 days’ notice or salary in lieu thereof is given.

b. Waiver of notice period days is completely at the discretion of the Company.

c. However, in the event of your being held guilty of misconduct, misrepresentation, fraud or negligence in

the discharge of your duties or in your conduct towards the Company’s business or such misdemeanor

which is likely to affect or affects the reputation of the Company’s working or breaches any of the terms

and conditions herein, or on your failure to achieve the performance standards expected from this role,

the Company reserves its right to terminate your services at any given point of time, with immediate

effect and without any compensation or notice.

VII. Return of Company’s Properties

Any of the Company’s properties in your possession whilst you are rendering services to the Company, shall be

returned to the Company on request or immediately upon cessation of your employment with the Company.

You agree and understand that the Company shall be entitled to recover from you any loss suffered by the

Company on account of misuse, wrongful withholding, and/or any damage occasioned to the Company’s

property. Till such time all the Company’s properties are returned or recovery of loss made, the Company can

initiate appropriate proceedings for recovery and be entitled to withhold any compensation or dues payable

you.

VIII. Professional Ethics

You will promote the interests of the Company and will not divulge to any person or utilize any of the

Company’s secrets or other related Information (which you may possess by reason of your association with the

Company) outside the Company.

IX. Confidentiality

a. It is a condition of your employment that you maintain the confidentiality of any and all proprietary

information of which you gain knowledge or possession as a result of your employment with the company.

You must not disclose such proprietary information to any person. The term proprietary information shall

mean all company information whether in oral, written, graphic, diskette, or machine readable form

including but not limited to all non-public lists of customer, agents, general agents, intermediaries, prices,

business plans, strategic plans or other non-public financial information, customer base, manual, designs,

procedures, formula’s, discoveries, inventions, improvements, concepts, idea’s, future plans and budgets

unannounced organizational staffing changes financial analysis, competitor analysis, management

information technical data and market studies whether marked as Confidential or no.

b. This obligation of confidentiality continues after your employment terminates.

c. The terms of this offer should be treated as privileged information between you and the Company.

Complete confidentiality of employment compensation details is expected to be maintained by you during

your period of employment with the company.

Internal

d. You shall at all times indemnify and keep the Company indemnified and harmless against and to the

extent of all sums whether by way of claims, demands for loss, damage, charges, expenses paid or

incurred by the Company in connection with any action claims, proceedings or demand instituted or made

against the Company caused by a breach, failure, default or neglect in the opinion of the Company, to

observe and comply fully with the terms and conditions of your employment with the Company herein

contained.

X. Company Policies, Procedures and Regulatory requirements:

You shall observe and comply with the Company’s rules, directions, policies, regulations, practices, processes

and procedures that are in force and applicable to you and all changes therein, from time to time.

XII. Restrictive Covenants

You agree that during the term of employment and for a period of one year after the termination of your

employment, you shall not in any way, directly or indirectly:

i. Induce or attempt to induce or cause other to solicit or induce any employee of the Company to

terminate his or her employment with the Company;

ii. Otherwise interfere with or disrupt Company’s relationship with its employees;

iii. Engage in any activity directly in competition of Company’s business

XIII. Misconduct:

Misconduct would amount to cause for your immediate dismissal by the Company without notice or payment

in lieu of notice or appropriate disciplinary action. Examples of Misconduct include but are not limited to:

a. Non Compliance with applicable laws and regulations in the conduct of business for and on behalf of the

Company.

b. Theft, misappropriation, misrepresentation and policies of the company or willful destruction of Company

property.

c. Refusal or failure to comply with a reasonable instruction given by your Reporting Authority.

d. Willful insubordination or disobedience of any lawful and reasonable order of a Reporting

Authority/superior.

e. Proven finding that you are guilty of a criminal offence by a court of competent jurisdiction.

f. Proven complaint of Sexual Harassment or intimidation of employees.

g. Behavior which is either physically or verbally threatening or degrading to others.

h. Violation of Code of Conduct and Business Ethics and policies of the Company which may be subject to

change from time to time.

In addition to the Company’s right of dismissal/termination of your employment, the Company also reserves

its right to recover from you, any and all amounts, losses, damages incurred by the Company on account of any

act, omission, negligence, Misconduct by you in breach of your employment terms and internal Policies of the

Company as are applicable to employees of the Company from time to time.

Internal

XIV. Conflict of Interest:

You must avoid all situations that present or appear to create conflict between your personal interests and the

interests of the Company. When dealing with current or prospective customers and suppliers you must never

receive or extend preferential treatment for personal gain.

XV. Entire Contract:

a. This contract supersedes any prior oral or written understanding regarding the terms and conditions of

your employment with the Company

b. Your employment will be governed at all times by the Policies, procedures, and rules of the Company.

c. The Company reserves the right to modify/change the Appointment Letter and the terms of your employment

from time to time.

d. Your appointment is subject to satisfactory confirmation of the information provided by you at the time

of employment. In case the same is/are not found to be in your favor at any point of tenure with us (pre &

post joining), the Company reserves the right to revoke your offer/ employment.

XVI. Mandatory Documents:

You are required to submit the following documents as may be applicable on the first day of joining the

Company:

a. Relieving Letters from previous employers / resignation letter accepted by previous employers

b. Education Certificates: Highest qualification, as applicable

c. Any other documents that may be mandated by the Company at the time of hiring

d. Your email address, residential address and contact numbers (landline and mobile) and keep the management

informed of any changes thereof.

Wishing you an enriching career with Edelweiss!

Please indicate your understanding and explanation of the above terms and conditions by signing and

returning the duplicate of this letter of appointment (initialing each page including Annexure(s)) as a token of

your having accepted the above terms and conditions.

Sincerely,

For Edelweiss Tokio Life Insurance Company Limited ACCEPTED

Authorized Signatory Signature &Date

Internal

ANNEXURE 1

SCOPE OF SERVICES

You will be expected to spend 4 days in a month towards fulfilling the desired targets on the following

deliverables :

a. Identify potential PFAs and assist in increasing the number of PFAs;

b. Mentor PFAs through constant engagement to improve their performance;

c. New & Renewal Business generation through team of engaged PFA’s

c. Handhold PFAs for enhancing their quality and efficiency in sales activity;

d. Create and conduct programs and impart training and skill learning to PFAs;

e. Control attrition rate of PFAs.

Internal

ANNEXURE 2

REMUNERATION

Components Monthly Amount

Basic Salary INR 2640/-

Special Allowance INR 595/-

Employer’s contribution to Provident Fund INR 388/-

Employer’s contribution to ESIC INR 114/-

Statutory Bonus INR 264/-

Total Gross Salary INR 4001/-

Kindly note :

a) Deductions will be made as per the statutory laws, as applicable

b) The amounts mentioned above are the maximum amounts payable considering 4 working days in a

month.

c) You will be governed at all times by all the policies, procedures & rules of the Company applicable to

employees including related to salary, allowances, benefits & perquisites which are specified in the

annexure. The company has authority to modify, change or restructure such allowances, benefits &

perquisites from time to time in accordance to the various changes in rules, regulations &

amendment made to applicable labour legislations & taxation laws.