Standard Chartered Bank extends medical cover to LGBT & LGBTQ + employees

MUMBAI: Standard Chartered Bank has extended medical benefits & domestic relocation benefits to LGBTQ Peoples of all employees in India.

A statement from the bank said employees will now be able to declare a LGBT partner as an eligible beneficiary under the bank’s medical reimbursement policy. The declared partner will also get covered under the domestic relocation policy.

The bank had earlier launched its employee resource group (ERG) for LGBTQ & allies called GLAD (gay, lesbian, bisexual, transgender, Queer, allies and advocates).

Following the launch of GLAD, the bank said it organised multiple sensitization sessions for employees with the help of activists and NGOs.

Sachin Gupta, HR head, Standard Chartered Bank, said: “We are committed to having an inclusive, safe and open environment for all LGBTQ colleagues in the Bank. Equity in employee benefits is one of the critical initiatives in ensuring that these workplace standards are met. Treating all colleagues, regardless of their sexual orientation, with dignity and respect is the right thing to do.”