Subject Index A - HSBC careers site
Subject Index A - HSBC careers site
Subject Index A - HSBC careers site
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the present time and the Company reserves the right at any time to vary or withdraw<br />
the scale or level of benefits in force.<br />
Employees who are not eligible for company funded membership of the <strong>HSBC</strong> Group<br />
Healthcare Plan will be able to select to receive this benefit in My Choice and pay for<br />
this through salary sacrifice.<br />
For more information, please refer to the HR Procedures Manual (Childcare<br />
provisions) and the online Benefits Guide in My Choice on the My Reward Centre<br />
<strong>site</strong> www.myreward.staff.hsbc.co.uk<br />
4.8 Group Income Protection (Permanent Health Insurance) Scheme<br />
The Company provides a discretionary non-contractual long-term disability scheme<br />
for permanent employees who are medically certified as being permanently<br />
incapacitated and unable to undertake work of any kind. The scheme is governed by a<br />
set of rules that may be changed from time to time.<br />
It should be noted that payment of any benefit under the Group Income Protection<br />
(Permanent Health Insurance Scheme) is conditional upon satisfactory acceptance of a<br />
claim by the Insurer and that we accept no responsibility for providing you with an<br />
income in the event that your claim is declined by the insurer.<br />
Please note that after 52 weeks certified absence, cover is 75% of salary less an<br />
amount equivalent to the Single Persons Long Term Incapacity Benefit for all staff<br />
who joined the Company prior to 1/5/07 (except employees of HIUK who joined the<br />
Company after 1/2/03) and 60%.of salary for staff who joined the Company on or<br />
after 1/5/07 or, in the case of <strong>HSBC</strong> Insurance (UK) Ltd employees, after 1/2/03.<br />
Employees may be eligible to increase their level of cover. Payment will be made by<br />
the employee for the increased level of cover and will be through salary sacrifice. For<br />
more information, please refer to the HR Procedures Manual (Group Income<br />
Protection section) and the online Benefits Guide in My Choice on the My Reward<br />
Centre <strong>site</strong> www.myreward.staff.hsbc.co.uk<br />
4.9 Health Assessment<br />
Eligibility for company funded Health Assessment checks is as follows:<br />
Bands 1-2 Annual BUPA Medical Screening<br />
Bands 3-5 BUPA medical screening every two years<br />
Bands 6-8 Not eligible for company funded Health Assessment, but can<br />
elect to receive this benefit in My Choice for themselves and their partners (if<br />
applicable). Payment will be made by the employee through salary sacrifice.<br />
For more information, please refer to the HR Procedures Manual (Health Assessment<br />
section) and the online Benefits Guide in My Choice on the My Reward Centre <strong>site</strong><br />
www.myreward.staff.hsbc.co.uk<br />
4.10 Staff Accounts<br />
Preferential facilities, including rates of interest, may apply to staff accounts. Details<br />
are available from your branch and in the HR Procedures Manual (Staff accounts).<br />
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