India: StanChart extends staff mediclaim to LGBT partners

Standard Chartered Bank has said it will extend medical coverage and domestic relocation benefits to LGBT+ partners of all employees in India. The move furthers its agenda of diversity and inclusion, the company said in a statement on May 21.LGBT+ includes lesbian, gay, bisexual, transgender and other identities on the queer spectrum.

LGBT+ includes lesbian, gay, bisexual, transgender and other identities on the queer spectrum.

This means that employees can now declare 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.

“We are committed to an inclusive, safe and open environment for all LGBT+ 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,” said Sachin Gupte, Head of HR, India, Standard Chartered Bank. Read more via Money Control