To,

Rituraj Shukla

LIG - 123, sec - D, p.d, nagar, Unnao, Uttar Pradesh - 209801

Subject: Offer cum Appointment Letter

Dear Rituraj Shukla,

We are pleased to appoint you as "Executive Branch Relationship Officer", 11B ("Band"), Executive
in the "HDFC Bank Relationship" Department at Bindki and & reporting to Nilesh Srivastava ("L1
Manager"), of Aditya Birla Sun Life Insurance Company Limited (“Company”) (CIN:
U99999MH2000PLC128110). Your date of joining with the Company will be on or before
23/10/2024 (“DOJ”).

Your employment with the Company shall be subject to the following terms and conditions:

1. Details of your Fixed Pay are as per the attached Annexure “A” and shall be subject to deduction
of Income Tax as per the prevailing Income Tax rates and other statutory deductions, as may be
required in accordance with applicable laws in force from time to time. The components of your
Fixed Pay and details of Benefits will be governed by Company policies as amended from time to
time.

2. In addition to your Fixed Pay, you will be covered under the Sales Incentive Plan. This incentive
pay-out will be based on your performance and dependent on parameters that are defined under
the Sales Incentive Plan from time to time. Kindly refer to applicable Sales Incentive Plan
document for further details.

3. Your appointment is subject to you providing all documents and information as set forth under
Annexure “B”.

Probation, Confirmation & Separation:

4. Initially you will be on probation for a period of 6 (six)months from the Date of Joining the
Company and your confirmation thereafter would be in writing and would depend on your
satisfactory performance, else you would continue in probation till such time as your services are
either confirmed in writing or terminated as per clauses below.

5. Once confirmed, unless the employment is terminated earlier, you shall continue to be in the
employment of the Company up till attainment by you of the age of superannuation, as set out in
the 60 Years. Your superannuating age will be calculated against the date of birth proof submitted
at the time of joining the Company.

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6. During the probation either party may terminate the service by (i) giving 30 days’ written notice;
or (ii) payment in lieu of notice period to be paid by the party terminating the services to the non-
terminating party.

7. Post confirmation, either party may terminate the service by (i) giving 60 days’ written notice; or
(ii) payment in lieu of notice period to be paid by the party terminating the services to the non-
terminating party.

8. Payment in Lieu of Notice Period: In case either party wishes to make payment instead of
continued employment during the notice period (both during the probation period and post
confirmation) then the same call be calculated on the basis of Basic Salary. The payment shall be
equivalent to the number of days falling short of the notice period.

9. It is clarified that the Company reserves the right to either to accept or to deny, at its sole
discretion, the payment in lieu of notice period, if so, requested by the employee, both during
probation period and post confirmation, and may ask the employee to serve the full notice period.
Resignation once tendered, will not be allowed to be withdrawn under any circumstances.
Resignation tendered during investigation or enquiry into any reported acts of misconduct or those
specified in clause 12 hereof, will be kept in abeyance and acceptance or otherwise thereof will be
subject to the outcome of the investigation or enquiry.

10. The employee cannot avail of any privilege leave during the notice period, except with the prior
approval of the head of department/function. In case of such an approval if granted, the notice
period shall stand extended to the extent of number of leaves approved. Any such waiver of this
would be solely basis the discretion of the Management. It is clarified that the employee is not
entitled to any privilege leave during probation period, thus, cannot claim to avail the same as a
matter of right during the notice period in case of termination of employment during the probation
period.

11. The final relieving of the employee from the employment shall be subject to (i) the employee’s
satisfactory handover of the duties and all information and documents pertaining to the work of
the employee to the Company’s representative or the employee’s successor; (ii) settlement of
outstanding dues payable form the employee to the Company; (iii) service of notice period or
payment in lieu thereof, as the case may be; and (iv) clearance from your immediate supervisor
and such other departments as may be prescribed in the Company Policy

12. Termination for Cause: The Company reserves the right to terminate your employment
immediately without giving a notice period of service or payment in lieu of notice period in case
reason for the same exists (“Termination for Cause”), which circumstances include but are not
limited to: (i) any violation of the terms and conditions of employment as contained in this letter or
as contained in any of the rules, regulations and policies of the Company, as shall be amended
from time to time; (ii) In case the Company : finds you guilty of misconduct, dishonesty or acting in
a manner prejudicial to or conflicting with the interests of the Company; and (iii) in case you absent
yourself from the services of without prior intimation and approval for fifteen (15) consecutive
days; in this case you will be deemed to have abandoned service voluntarily and shall have to pay
to the Company payment in lieu of notice.

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Actions Upon Ending of Employment:

13. In the event of your retirement (upon attaining the age of superannuation), separation or
termination of your employment by the Company for any reason whatsoever, you will promptly
return to the Company, all documents, files, notes, lists, credit cards, computer disks, recordings,
print-outs, drawings, any other assets (including, without limitations, any materials reflecting or
containing Confidential Information) that are in your possession or under your control and that
relate to the operation and business of the Company. You shall not be entitled to retain any
duplicates or summaries of or notes on any of the foregoing.

14. In case you are provided with accommodation by the Company, then upon end of your
employment with the Company, howsoever caused, you shall vacate the premises in accordance
with the rules of the location of your posting and of the Company and within the time frame
prescribed therein, subject to any other time frame as may be specifically communicated to you in
writing.

Leaves:

15. You will be governed by the Company’s leave policy in force and as applicable to your category
of employees from time to time.

Traveling:

16. In the course of your employment, you may be required to travel to domestic and foreign
locations in connection with the Company’s business, according to the directions and instructions
issued by the Management, from time to time, for which you will be reimbursed expenses in
accordance with the relevant travel policies.

Transfer:

17. Your services are liable to be transferred, as per Company Policy, to any other associate or
affiliate entity of the Company and such transfer can be to any other domestic or international
location. Upon transfer you shall be paid relocation expenses as per Company Policy. The
Company is a part of the Aditya Birla Group and the companies in the Aditya Birla Group are
affiliates of the Company. It is understood and agreed that the Company shall have the right to
transfer/second you, as the case may be, to any function or business group, any other location
within India or overseas, or to its affiliate and transfers shall be on continuity of service basis,
however, upon such transfer you shall be governed by the rules, regulations and policies of such
new employer and all your legal rights and remedies shall only be against such new employer.

Confidentiality & Non-Disclosure:

18. You agree that during your employment you may have access to or acquire, through the
Company, its employees, clients, vendors, service providers etc., various kinds of information
pertaining, amongst others, to the business, employees, clients and other stakeholders of the
Company and that all such information (“Confidential Information”) shall be treated as confidential

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and shall not be disclosed by you to any third party or even other employees of the Company.
Disclosure of Confidential Information to other employees of the Company shall be purely on a
need-to-know basis. You should refrain from sharing any information – whether words, images,
logos or videos – that is Confidential or proprietary to the Company through any modes of media,
including public newspaper, journal, television channels, online media, news channels or otherwise.
You shall not release/ disclose on media, any internal communication intended solely for the
information of all employees of the Company, nor shall you associate yourself with any group or
entity engaging in such activities without the prior approval of the management. You shall not
publish or communicate, in any manner, any derogatory or defamatory content about the Company,
its associates, affiliates, management or other employees. You understand and agree that you
have a continuing obligation not to use, publish or otherwise disclose either during or after your
employment with the Company, any trade secrets, Confidential or proprietary information
belonging to, or concerning or referring to the Company, or any client or customer of the Company.
You acknowledge that should you breach this provision; the Company will suffer immediate and
irreparable harm and that money damages will be inadequate relief and therefore, you agree that
should you breach this provision; the Company will be entitled to injunctive relief to enforce the
provisions contained herein.

19. During the continuance of your employment with the Company and thereafter, any process,
practice, discovery or invention (“Invention”) developed or acquired by you in the course of
discharging of the assigned duties, shall remain the sole property of the Company and same shall
not be used in any manner whatsoever by you without the specific knowledge and express
permission of the Company, post cessation of your employment with the Company, and you hereby
assign all rights, title and interest in such Invention to the Company and agree to help the Company
to perfect its title to the same.

20. The employee recognizes that the Company is the sole owner of confidential information, and
the employee agrees not to represent or claim ownership in any manner.

21. In case an employee is required to disclose confidential information pursuant to applicable

laws, you must notify the Company (not later than 2 working days from receiving the request) so
that the company can seek an injunctive order or other remedy. You shall furnish only that
information as advised by legal counsel or is legally required.

22. You shall not disclose any information in a public forum without explicit prior permission of
your reporting manager. When in doubt on the confidentiality of certain information, it is
recommended for you to check with the reporting manager, CHRO / Director HR on the
confidentiality status of the information before divulging it to any third party. You shall in no event
use a lower degree of care in safeguarding Aditya Birla Group and its companies’ Confidential
Information than you use for your own information of sensitivity.

23. During the period of your employment with the Company and for a period of one year
thereafter you agree you shall not, whether directly or indirectly, induce or solicit any person
employed or engaged by the Company or its affiliate companies (whether as an employee,
consultant, advisor or in any other manner) to terminate their contractual relationship with the
Company; and become an employee of, or directly or indirectly offer services in any form or

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manner to any other company, person or entity. You shall keep the Company indemnified in respect
of any loss that may be caused to it as a result of breach of this covenant by you.

24. During the period of your employment with the Company and for a period of one year
thereafter you agree that you shall not, whether directly or indirectly, solicit or induce any customer
to remove its business from or reduce its business with the Company or its affiliates.

25. You agree to keep strictly confidential in whole or in part, the terms of this letter/agreement
and further agree not to disclose the terms of employment to any person and entity except as
required by law or legal process and except for disclosure to your attorneys, accountants, and
immediate family.

Company’s Rules, Regulations and Policies:

26. The Company reserves the right to change the terms of employment from time to time.

27. You will be bound by the various rules, regulations, and policies of the Company as exist on the
date and as shall be amended by the management from time to time and the same are deemed to
be part of your terms and conditions of employment. You are required to follow the Company’s
values and code of conduct and other policies, and these include a requirement that you maintain
the highest standards of conduct and act with the highest ethical principles. You are required to
acquaint yourself with the various rules, regulations and policies of the Company and follow these
strictly. To keep the employee appraised of the changing policies on a regular basis, the Company
shall make reasonable efforts to make the policies available for the employees to access them.

28. Any violation of the terms and conditions contained in this letter and the Company’s rules,
regulations and policies can render your employment liable to be terminated.

29. While you are being appointed in the current role and function, you may be called upon to
perform such other duties or take on such other responsibilities in the interest of the business and
priorities of the Company, which the management believes are well within your capabilities and of
which the management will be the sole judge. In this regard, it is further clarified that with ever
changing scene of technology, office automation, administrative procedure, you will undertake to
adapt new methods of working with the use of modern or modified equipment, tools etc. of work
as dictated by the circumstances of the Company’s business in a competitive environment.

30. Your continuance in the employment of the Company is subject to your remaining physically
and mentally fit for the purpose of the job. As and when required by the management, you will
submit yourself to medical examination at the cost of the Company by a physician appointed by
the Company for the purpose.

31. You hereby agree for collection and storage of your personal health information obtained/
collected by the company during your employment. You further authorize the company for
disclosing/ sharing of such information as laid out in the Employee Wellness Policy of the
company, which has been designed for the purpose of wellness program and medical/health
benefits being initiated for the employees from time to time. You have the choice to OPT out of the

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Wellness program which once decided, the employee agrees to keep the company informed in
writing.”

32. During your employment with the Company, you shall not take up any other employment or
activity, whether for or without consideration, that may be a conflict with your responsibilities as an
employee of the Company and shall devote your full time and attention to the employment with the
Company. Amongst others you will not contest election to any legislature or local body without the
previous specific permission of the employer in writing.

33. You will keep us informed of any changes in your residential address (Current and Permanent),
or any other personal particulars relevant to your employment e.g., change in name, addition of
further professional qualifications etc.

34. You give your consent and irrevocable authorization to the Company: (i) to share and disclose
the information relating to your current and previous employment and academic credentials with
any person, vendors or any other authority or any third party, engaged by the Company to obtain
such and after your term of employment; (ii) to provide a reference check covering your
employment with the Company, including sharing the cause of your exit from the Company to any
third party or repository agency conducting a reference check on behalf of any other employer or
agency, as may approach it either during or post your exit from the Company; and (iii) to share your
details or any other information pertaining to your employment with any Government authority and
agency, pursuant to a request received for the same both during and post your exit from the
Company.

35. During your employment the employer may also ask you for proof of date of birth, nationality,
education, prior employment documents and proof or relationship with any nominees in any
statutory or other benefit plans provided by the Company, etc. which have to be submitted by you
within a stipulated timeline as required by the Company. The employer will store these documents
in electrical / physical format as deemed fit or relevant.

36. The terms of this appointment shall be governed by and construed in accordance with the laws
of India. Any dispute arising between the employee and the Company shall be resolved through
arbitration by a sole arbitrator appointed by the Company. The arbitration shall be conducted in
accordance with the Arbitration and Conciliation Act, 1996, as amended from time to time. The
language of arbitration shall be English, and venue shall be Mumbai. The courts in Mumbai will
have jurisdiction in relation to and issue arising out of the said arbitration.

37. (i) This appointment is contingent upon:

(a) Satisfactory results of the pre-employment medical check-up and satisfactory reference
checks, background verifications, verification of educational qualifications and past employment
records.

(b) All information, facts and figures provided by you to the company’s representatives at any
point in time, being accurate and true.

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(c) Your acceptance of the above terms and conditions.

(ii) The Company reserves the right to terminate your employment forthwith, without any notice
period or payment in lieu of notice, in case any information provided by you or your references
turns out to be false or incorrect.

(iii) You are requested to provide us a copy of this appointment letter signed by you as an
indication of your acceptance.

We wish you an enjoyable and rewarding association with Aditya Birla Sun Life Insurance
Company Limited.

Your Sincerely,

For & on Behalf of

Aditya Birla Sun Life Insurance Company Limited

Sujatha Sudheendra

Head – HR & Training, ABSLI and Head – DE&I, ABC

I have read and understood all provisions relating to my employment with the organization and I
accept all the terms and conditions mentioned in the same.

{EMPLOYEE_SIGNATURE}

________________________

Name:

Date:

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 Annexure 'A'

Fixed Compensation
Monthly Annual
Salary 10208 122500
Basic Salary 10208 122500
Allowances & Reimbursements 16463 197558
Housing Rent Allowance 5104 61250
Education Allowance 200 2400
Statutory Bonus 1400 16800
Special Allowance 9759 117108
Progression Allowance 0 0
Gross Salary 26672 320058
Retirals 2495 29942
Provident Fund (Company Contribution) 1800 21600
Gratuity 491 5892
National pension scheme 204 2450
Fixed Compensation 29167 350000

The payment of Salary and Benefits will be subject to deduction of Income Tax as per the
prevailing Income Tax rates and other statutory deductions, as may be required in accordance
with applicable legislation in force from time to time.
All figures mentioned are annualized value and prorated according based on your date of
joining.
Advance against Statutory Bonus is paid monthly in lieu of Statutory Bonus as per the
provisions.
Gratuity is payable as per the provision of applicable Gratuity Act.
Company reserves the right to amend the Compensation structure as it may deem fit.
Gratuity will be paid as per the provisions of Payment of gratuity act, 1972.

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 Annexure 'B'

Please upload scan copy of the following documents on the link shared, as may be applicable to
you.

1. Passport Size photograph

2. PAN Card & Address Proof (Passport or Aadhar Card)

3. Highest Qualification Certificate (Marks Sheet or Provisional)

4. Resignation Acceptance Letter/Mail or Relieving Letter from the current Organization

5. Latest Salary Slips (last three months)

6. Medical Fitness Declaration Form

On joining you will also be required to complete/provide the following:

1. PF/ ESIC (if applicable)/ Gratuity/ Group Term Insurance Nomination Form

2. Family dependent details

3. Any other relevant information that may be required

Please Note:

1. A link shall be sent to you with a detailed list and description required documents as part of
joining formalities and other statutory documentation.

2. Completion and submission of all the above-mentioned documents/forms, is mandatory. Non-

compliance with this would entail your joining kit being declared as incomplete for which you as
the employee would be solely responsible. Consequently, this would delay/impact:

-The generation of your Employee Code and salary pay-out

-Your coverage under Mediclaim, group protection covers, etc.

-Settlement of claims, etc., were they to come up.

3. Your present and permanent addresses, as mentioned in your application form, are put on
company’s record. You would be expected to inform the company about any change in your
address and telephone numbers.

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