Life insurance / AD&D
Sprinklr provides you with basic life and accidental death and dismemberment (AD&D) insurance at no cost to you. And you’re automatically enrolled in them. You also can choose to purchase additional coverage for yourself and your family by electing voluntary life and AD&D coverage.
How it works
Sprinklr pays 100% of the cost of basic coverage. You are automatically enrolled in this benefit upon your first day as an active Sprinklr employee, working a minimum of 30 hours per week.
Benefit Amount:
- Basic Life Coverage: 2x your base annual salary up to $1 million
- Basic AD&D Coverage: 2x your base annual salary up to $1 million
- Guaranteed Issue: 100%
- Reduction percentage:
- Age 65: 35%
- Age 70: 50%
- Age 75: 65%
Voluntary Life / AD&D
You pay 100% of the cost of any voluntary coverage that you elect for yourself or your eligible dependents.
This coverage is “portable,” so if you retire, reduce your hours, or leave Sprinklr, you can take this coverage with you. In addition to life and AD&D coverage, your policy gives you access to life planning financial and legal resources.
| EMPLOYEE | SPOUSE | CHILD(REN) | |
|---|---|---|---|
| Voluntary Life Benefit Amount | Increments of $10,000, up to the lesser of 5 times your annual earnings or $1,000,000 | Increments of $5,000, up to the lesser of $500,000 or 100% of the employee coverage amount | Up to 100% of employee amount in increments of $2,000 up to $10,000 |
| Voluntary AD&D Benefit Amount | Up to $500,000 | Up to $500,000 | Up to $10,000 |
| Guarantee Issue Amount | $200,000 | $25,000 | $10,000 |
- Reduction percentage:
- Age 65: 35%
- Age 70: 50%
- Age 75: 65%
What is guaranteed issue?
Guaranteed issue is the amount of life insurance available to you without having to provide Evidence of Insurability (EOI). The benefit will be paid out to beneficiaries you designate in Workday.
What is age reduction?
Age reduction is the schedule on which your benefit amount begins to reduce. If you continue working past age 65, your benefit will incrementally reduce as you continue to work – every 5 years until age 75.
Keep your beneficiaries up to date
Make sure your life and AD&D benefits go to the people you intend. Review your beneficiary designations in Workday and update them when life changes.
Review beneficiaries