PayU’s Inclusive Health Insurance: Empowering LGBTQ+ Staff

by Team Iamsafeatwork

20-06-2023

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PayU, a well-known financial technology company, has implemented significant changes to its health insurance policy to promote diversity and meet the healthcare needs of its LGBTQ+ employees. In an effort to foster inclusivity in the workplace, the company has introduced comprehensive and inclusive healthcare coverage for all employees, regardless of their sexual orientation or gender identity.

During Pride Month, PayU, a Dutch payment services firm, has unveiled various policies and initiatives aimed at creating an inclusive work environment for LGBTQ employees. The company has emphasized a zero-tolerance approach to workplace harassment and ensures that its internal operations are gender-neutral and inclusive of non-binary individuals. PayU is committed to providing equal access to opportunities and resources for everyone.

As part of these efforts, PayU has expanded its insurance coverage to include hormone therapy and gender affirmation surgery for same-sex partners. The company recognizes and respects the personal choices and preferences of each employee, driving the expansion of insurance benefits for LGBTQ employees.

Additionally, PayU has revised its Equal Opportunity Employer Policy to ensure LGBTQ inclusivity and equal treatment of all community members. The company is also enhancing its Employee Assistance Programme to facilitate discussions on related topics, ensuring that benefits for same-sex couples and live-in partners are expanded while maintaining strict confidentiality.

To further support diversity and inclusion, PayU has established a Global Diversity & Inclusion Council, led by the global CEO, Laurent le Moal, and comprising leaders from various key organizations worldwide. Each country will have a designated “Country Champion” to drive local D&I Chapters, tailoring efforts to specific regional and staff requirements. The company has also appointed a Global D&I officer, Meghna Pal, to implement the D&I strategy and increase investment in this ongoing journey of raising awareness and support for LGBTQ members.

PayU has announced the upcoming formation of a Pride ERG (Employee Resource Group), led by dedicated volunteer allies. Additionally, the company will bring in Parmesh Shahani, an advocate for LGBTQIA inclusion, to educate employees on becoming active and vocal allies.

Priya Cherian, Chief People Officer at PayU, expressed the company’s commitment to diversity and inclusion, stating that it is about recognizing and embracing the uniqueness of individuals and harnessing the strength of a diverse workforce. PayU aims to create a workplace where everyone feels valued, has equal access to opportunities, and experiences equitable processes, regardless of their orientation or personal preferences.

PayU’s dedication to promoting diversity through its revised health insurance policy sets an inspiring example for companies across industries. By taking this bold step, the company not only positively impacts its own organization but also the broader LGBTQ+ community, fostering growth and acceptance in the world.