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Coverage- • Technology Transition Compensation- Provides financial support to the employees laid off due to ai advancement, digital transformations, etc. • Career reinvention support- Offers financial help for career counseling, skill assessment and personalized retraining programs to empower individuals to adapt to the rapid change in technologies and job markets. • Wellness benefits- Includes access to mental health resources and wellness programs to support individuals through the emotional and psychological challenges of career transitions. Covered Perils- • AI- induced Layoffs-Termination resulting from the integration of AI in the workplace. • Emerging technologies- Job loss due to the phasing out of outdated technologies or processes, rendering certain job roles redundant. Exclusions- • Non- technological layoffs- Termination unrelated to technological advancements, such as organizational restructuring not caused by technological changes. • Voluntary Separation- Resignations of retirements initiated by the employees.
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