Razorpay rolls out family assurance benefits policy for full-time employees

Razorpay, a payments and banking platform for businesses, has rolled out a ‘Family Assurance Benefits Policy’ for all its full-time employees and their families, said a statement issued today.

Under the policy, the firm will provide continued financial support to an employee’s immediate family in case of their unfortunate demise.

In the event of an unfortunate demise, the nominee of a Razorpay employee will be eligible for thrice the last drawn annual CTC of the deceased employee. The policy also allows for vesting of all unvested ESOP units to the nominee, if ESOP was allocated, along with prorated 100% variable pay for the current performance cycle.


The family assurance benefits policy and benefits are applicable to all full-time employees of Razorpay.

In May this year, the fintech unicorn became one of India’s youngest startups to facilitate the ESOP sale consecutively for three years.

“This policy is our way to reiterate our commitment to our teams’ well-being and extend our contributions to the lives of our Razor families,” said Chitbhanu Nagri, senior VP - people operations, Razorpay.

In June this year, the company revamped its employee health insurance policy to include live-in partners, same-gender partners, and those who identify as LGBTQIA+.