PayU revised their health insurance programme with the objective of making it more inclusive for the LGBTQ staff members.

by Team Iamsafeatwork

05-06-2023

Safety

Published on: May 29, 2023

PayU, a renowned financial technology business, has made a substantial change to its health insurance policy in order to promote diversity and meet the healthcare requirements of its LGBTQ+ employees. The company’s new policy is to provide comprehensive and inclusive healthcare coverage to all employees, regardless of sexual orientation or gender identity.

In recognition of Pride Month, PayU, a Dutch payment services firm, has unveiled a variety of policies and initiatives focused at fostering workplace inclusivity for its LGBTQ employees. The company has declared in a press release that it has a zero-tolerance policy for workplace harassment and that its internal operations are gender-neutral and inclusive of non-binary identities, ensuring that everyone has equal and open access to opportunities and resources.

To begin, the corporation expanded its same-sex partner insurance policy to include hormone therapy and gender affirmation surgery. The company declared that it respects each employee’s own choices and preferences, and as a result, it pushed to broaden its insurance coverage for LQBTQ employees.

PayU also changed its Equal Opportunity Employer Policy, which evaluates internal procedures to ensure LGBTQ inclusivity and that all policies treat members of the community equally. The firm will equip its Employee Assistance Programme to allow discussions on the above mentioned themes in order to ensure that all benefits for same-sex couples and live-in partners in the organisation are enlarged while maintaining strict secrecy.

The corporation has also developed a Global Diversity & Inclusion Council, which is directed by the global CEO, Laurent le Moal, and comprises leaders from many key organisations from around the world. Every country will have its own designated ‘Country Champion’ to drive local D&I Chapters, which will assist PayU in matching its efforts to local & regional peculiarities and staff requirements in order to remain relevant in all of the diverse markets & places in which it operates. Meghna Pal, the company’s Global D&I officer, was recently hired with the purpose of implementing the D&I strategy and expanding investment in this ever-evolving journey to improve awareness and support for LGBTQ members.

PayU also announced in a statement that the Pride ERG, which will be led by passionate and self-volunteer allies, will begin soon. In addition, the organisation will welcome LGBTQIA inclusion advocate Parmesh Shahani to teach staff how to be more active and vocal allies.

Priya Cherian, PayU’s Chief People Officer, commented on the programme, saying, “Diversity & Inclusion for PayU is in recognising the uniqueness of one in many and thriving on the strength of many in one – it is for everyone.” PayUneers are at the heart of PayU. And being able to be “U” at work is fundamental to being a PayUneer. We strive to create a workplace where everyone is appreciated, has equal access to all opportunities, and processes that are equitable to all, regardless of their orientation or personal preferences. Essentially, at PayU, we not only welcome and encourage everyone to be themselves, but we also celebrate their individuality.”

The company’s commitment to encouraging diversity through its amended health insurance policy serves as an inspiring model for firms across industries in a world striving for growth and acceptance. It is creating a good influence not only within the organisation, but also on the greater LGBTQ+ community, by taking this courageous step.