India’s largest crypto investing company, CoinSwitch has enhanced its LGBTQ+ benefits with financial support for gender reassignment surgery. The company’s best-in-class insurance policy also covers same-sex partners.
According to company, the policy will reimburse medical costs up to Rs 2 lakh. The benefit is an addition to the pre-existing initiative aimed at driving better inclusivity within the company.
Zeeshan Ramlan, Director and Head—HR, CoinSwitch said, “We are a new-age company with a diverse workforce. We constantly revisit our policies from a lens of inclusivity and roll out initiatives that empower employees in ways that matter the most.”
“We encourage them to be their whole selves and be their best versions at work. This benefit allows us to come to a step closer to achieving it,” Zeeshan Ramlan added.
The LGBTQIA+ ERGs (Employee Resource Groups) promote awareness and provide a platform to facilitate open-minded discussion.
Earlier, CoinSwitch extended maternity and paternity leave for employees. This policy is a part of its enhanced benefits program.
According to the benefit, The 34-week maternity leave at CoinSwitch is more than the 26 weeks mandated by the Indian government.
The company is also providing paternity leave which is a 4-week paternity leave which is greater than the government-mandated 15 days leave policy.
Earlier, CoinSwitch had launched industry-first pet care benefits to support pet parents at work. The Pet Care and Adoption Policy enables reimbursement of employee expenses toward medical care and grooming of pets as well as out-of-pocket pre- and post-adoption expenses.
The Policy will cover expenses on medicines, vet examinations, grooming, trainers, toys, treats, and food, and pre & post-adoption expenses, including but not limited to animal behaviorists.
Among other benefits, the Company recently introduced paid leaves for charity work and also increased bereavement leaves from five days to two weeks. Employees also enjoy mandatory recharge days, paid leave on work, and wedding anniversaries, along with reimbursement of tuition fees.
The company is a Great Place to Work®, CoinSwitch is creating an ecosystem that simplifies Crypto and is trusted by over 15 million registered users.
It was founded in 2017 by Ashish Singhal, Govind Soni, and Vimal Sagar Tiwari, and backed by blue-chip investors including Andreessen Horowitz (a16z), Tiger Global, Sequoia Capital, Ribbit Capital, Paradigm, and Coinbase Ventures, the company is evolving into a wealth-tech destination for every Indian.
