STRICTLY PRIVATE & CONFIDENTIAL

Date: 06/12/2023    
Shazia Shafi
45 A,
Srinagar, 190015

Subject: Offer Letter

Dear Shazia ,

In reference to your application and subsequent discussions, we are pleased to offer you the position of Executive Relationship Manager -
 Emerging Banca, Institutional Business in Band GB2 A at Bajaj Allianz Life Insurance Company Limited (BALIC). .

1. You shall be based at Srinagar .

2. You will report to Syed Nadeem.
3. The proposed compensation details are attached in “Annexure A”

We would request your confirmation and acceptance within 48 hours through email or by returning us a signed copy of this letter. Please
send us a copy of your resignation letter duly accepted by your organization (if applicable). This letter is not to be construed as your
appointment letter, which will be issued separately upon your joining

We would expect you to join latest by 07/11/2023. In the event of your not being able to join on or before the latest date mentioned, please
intimate, failing which this offer will be deemed void. The Company, may, at its sole discretion, extend the period in writing

The offer of employment may be withdrawn /modified if any information or representation furnished by you is found to be incorrect or if any
material information is detected by BALIC as being suppressed by you. 

You are required to submit acceptance email of the offer along with the below mentioned documents at least 48 hours prior to your date of
joining. 

a) Copy of relieving letters of last to last company (In case you have spent less than 6 years in your current company).
b) Copy of resignation acceptance / relieving letter of current company.

Thanks again for your interest in being employed with BALIC and we look forward to you joining our organization at the earliest.

For Bajaj Allianz Life Insurance Company Ltd.

Authorized Signatory

 327273/218146/Shazia Shafi/53785 

Bajaj Allianz Life Insurance Company Limited

Regd. Office Address: Bajaj Allianz House, Airport Road, Yerawada, Pune - 411006 | Tel: +91-20-66026777 | Fax: +91-20-66026789
Toll Free no.: 1800 209 7272 | Email: [email protected] | Website: www.bajajallianzlife.com
CIN: U66010PN2001PLC015959

Page 1 of 12
 ANNEXURE A: CTC Break Up

 COMPENSATION BREAK UP SHEET

Date: 06/12/2023

Name:   Shazia Shafi

Department:   Emerging Banca 

Designation:   Executive

Band:   GB2 A

Location Code:   Srinagar  Location: Srinagar 

S. No. Components Rs. Per Month Rs. Per Annum

1 Fixed Basic 9,000.00 108,000.00

2 Minimum HRA 4,500.00 54,000.00

3 Statutory Bonus 1,800.00 21,600.00

4 Flexible Benefits 12,467.00 149,604.00

  Sub Total (A) 27,767.00 333,204.00

5 Company's Provident fund contribution 1,800.00 21,600.00

6 Gratuity as per the Act 433.00 5,196.00

7 E.S.I.C 0.00  0.00 

  Sub Total (B) 2,233.00 26,796.00

30,000.00
  Total Fixed 360,000.00 

  Total Fixed CTC in Words 360,000.00(Three Lakh and Sixty Thousand only)

 
 327273/218146/Shazia Shafi/53785 

Bajaj Allianz Life Insurance Company Limited

Regd. Office Address: Bajaj Allianz House, Airport Road, Yerawada, Pune - 411006 | Tel: +91-20-66026777 | Fax: +91-20-66026789
Toll Free no.: 1800 209 7272 | Email: [email protected] | Website: www.bajajallianzlife.com
CIN: U66010PN2001PLC015959

Page 2 of 12
Other Benefits:

1.    Group Term Life Insurance: You will be covered by a life insurance cover, for a sum assured as per
company policy. This cover remains only as long as you remain in the service of the Company as per company
policy. The premium for this sum assured shall be paid by the company directly to the insurance company and
this is not a part of your CTC. In addition to this, in case of accidental death the legal heir / nominee would be
entitled to an additional death benefit.

2.    Group Personal Accident: Under this policy, employees are covered for disability arising out of accidents. It
compensates for the employee’s loss of pay due to the disability. Death is not covered under this policy. The
premium for this sum assured shall be paid by the company directly to the insurance company and this is not a
part of your CTC.

3.    You will be covered under the company group Mediclaim policy. The company shall subsidize the annual
premium as per policy. The balance amount, if any, shall be borne by you and recovered from your salary.

4.    Gratuity Benefit will be provided as per the provisions Payment of Gratuity Act, 1972.

5.    Provident fund will be provided as per the provisions of the Employees' Provident Funds and Miscellaneous
Provisions Act, 1952.

6.    In the event there is any enhancement in the total emoluments to be paid to you on account of change in
any statute (Central Government or State Government) or notification, then the said enhanced payment will be
adjusted from the total CTC payable to you as shown hereinabove. In such a case the company will have the
right to restructure your emoluments within the specific CTC.    

7.    All future ex-gratia Variable pay/ Performance pay would include prospective/retrospectively increased or
additional Statutory payments liable*to be paid by the Company because of changes in statues. Also the
Company reserves the right to adjust/ recover such increased/ additional statutory payments from the Cost to
Company (CTC). Further the Company will not be liable to pay any amount over and above CTC which includes
all statutory payments applicable. Company reserves right to change your salary structure at any time by treating
this as required notice, if any, under any Law & without any separate/further notice/ intimation. This is basis the
fact that the CTC as mentioned in the offer letter is inclusive of all liability/ compensation obligations of the
Company [whether towards statutory payments as well as towards Basic pay and other components of pay]
unless specified otherwise in writing by the Company

8.    If your employment is terminated by you for any reason prior to completion of 12 months of services, then
you will pay back to the Company the entire joining expense incurred by the Company.

 327273/218146/Shazia Shafi/53785 

Bajaj Allianz Life Insurance Company Limited

Regd. Office Address: Bajaj Allianz House, Airport Road, Yerawada, Pune - 411006 | Tel: +91-20-66026777 | Fax: +91-20-66026789
Toll Free no.: 1800 209 7272 | Email: [email protected] | Website: www.bajajallianzlife.com
CIN: U66010PN2001PLC015959

Page 3 of 12
  

 Background Verification Form

 Letter of Authorization
Declaration and Authorization by the Candidate
To whom it may concern

I understand that Bajaj Allianz Life Insurance Company Limited may use an outside agency to verify and validate
the information I have provided including my employment, my personal background, professional standing, work
history and qualifications. I understand that an outside background agency may obtain information it deems
appropriate from various sources including, but not limited to, the following: current and past employers, criminal
conviction records, school records, College records and professional and personal references. I authorize,
without reservation, any individual, corporation or other private or public entity to furnish Bajaj Allianz Life
Insurance Company Limited and the outside background agency all information about me.
I unconditionally release and hold harmless any individual, corporation, or private or public entity from any and
all causes of action that might arise from furnishing to Bajaj Allianz Life Insurance Company Limited and the
outside agency information that they may request pursuant to this release.
This authorization and release, in original, faxed or photocopied form, shall be valid for this and any future
reports and updates that may be requested. I hereby confirm that, the below information is correct to the best of
my knowledge and I understand that any misrepresentation or discrepancy noted in regards to me and/ or any
other disclosures made by me, company shall have complete right and authority to take necessary disciplinary
action against me as deemed necessary, including immediate termination of my services and employment,
without any notice thereof.
Name in CAPITAL LETTERS:  Shazia   Shafi 
IMPORTANT: Copy of documents (as per “Documents Check-List”) MUST be attached.
Please enter your name as it appears in your Passport or PAN Card.
Name change case : Kindly attach the name change Proof / Document
Personal Details

Full Name Gender

 Shazia    Shafi   Female          

Date of Birth
Permanent Account Number : Marital Status : 
(mm/dd/yyyy) :
GAYPS2088Q Single   
01/02/1984
Former Name(s) / Maiden Name (if applicable) Date of Name Change(mm/dd/yyyy)

                 
First Name  Middle Name  Last Name (If Applicable)

Father’s Name: Mother’s Name:  Spouse's Name :(First & Last)

 Mohd Shafi Bhat  Mahmood   
Current Address: 45 A, Madina Bagh Chanapora , Naer Ellen Convent School,
Pin : 190015 
Signature of the employee:
                                                                                                                                                                              

Page 4 of 12
 

EMPLOYEES PROVIDENT FUND

ORGANIZATION New Form No.11- Declaration Form

(To be retained by the employer for future

reference)
Emp Code:  
                                                            
Employees provident funds scheme, 1952 (paragraph 34 & 57) Company:    Bajaj Allianz Life Insurance 
& Employees pension scheme 1995 (paragraph 24)

(Declaration by a person taking up employment in any establishment on which EPF Scheme, 1952 end /of EPS1995 is
applicable)

1 Name of the member  Shazia Shafi

Father’s Name ( ) Spouse’s Name ( )
2   
(Please Tick Whichever Is Applicable)
3 Date of Birth (MM/DD/YYYY)    01/02/1984 
4 Gender: ( male / Female /Transgender ) Female  
5 Marital Status (married /Unmarried /widow/divorce) Single 
(a) Email ID: [email protected]
6
(b) Mobile No: 9149555107 
Whether earlier a member of Employees ‘provident Fund
7* Yes                         No        
Scheme 1952
Whether earlier a member of Employees ‘Pension Scheme
8* Yes                         No        
,1995

Page 5 of 12
 

If response to any or both of (7) & (8) above is yes. MANDATORY FILL UP THE (COLUMN 9)
a)  Universal Account Number(UAN) 101851497157 

  b)  Previous PF a/c

AP HYD EST.CODE EXTN
PF
           
No NO.
 
           
  c)  Date of exit from previous employment (MM/DD/YYY)  
9
d)  Scheme Certificate No (if Issued )  
e)  Pension Payment Order (PPO)No (if Issued)  
a)  International Worker: Yes                         No        

 
b)  If Yes , State Country Of Origin (India /Name of Other Country)  
10 c)   Passport No  
d)  Validity Of Passport (MM/DD/YYY) to(MM/DD/YYY)  
KYC Details: (attach Self attested copies of following KYCs) **
 
a)  Bank Account No .& IFS code  
 
b)  AADHAR Number (12 Digit) 363952831929 
11
c)  Permanent Account Number (PAN),If available GAYPS2088Q 
UNDERTAKING
1. Certified that the Particulars are true to the best of my Knowledge
2. I authorize EPFO to use my Aadhar for verification / e KYC purpose for service delivery
3. Kindly transfer the funds and service details, if applicable if applicable, from the previous PF account
as declared above to the present P.F Account(The Transfer Would be possible only if the identified KYC
details approved by previous employer has been verified by present employer
4. In case of changes In above details the same Will be intimate to employer at the earliest
Date:06/12/2023
Place: Srinagar  

Signature of Member

Page 6 of 12
 

DECLARATION BY PRESENT EMPLOYER

1. The member /Ms./Mrs Shazia Shafi has joined on …………….and has been allotted PF
Number…………………………
2, In case person was earlier not a member of EPF Scheme ,1952 and EPS,1995
(Post allotment of UAN ) The UAN Allotted for the member is 101851497157 
Please tick the Appropriate Option:
The KYC details of the above member in the UAN database
Have not been uploaded
Have been uploaded but not approved
Have been uploaded and approved with DSC

3, In case the person was earlier a member of EPF Scheme ,1952 and EPS, 1995:
The above PF account number /UAN of the member as mentioned in (a) above has been tagged with
his /her UAN/previous member ID as declared by member 
Please Tick the Appropriate Option
The KYC details of the above member in the UAN database have been approved with digital
signature Certificate and transfer request has been generated on portal.
As the DSC of establishment are not registered With EPFO the member has been informed to
file physical claim (Form13) for transfer of funds from his previous establishment.

Date: 06/12/2023 

Signature of Employer With seal of Establishment

Page 7 of 12
 

 
FORM 2 (REVISED)
Nomination and Declaration form for Unexempted/Exempted Establishments
Declaration and Nomination Form under the Employees’ Provident Funds and Employees’ Pension Scheme
(Paragraphs 33 & 61(1) of the Employees Provident Fund Scheme, 1952 and Paragraph 18 of the Employees’ Pension Scheme, 1995)

 
1. Name (in Block Letters)               :   Shazia Shafi
2. Father’s/ Husband’s Name       :   
3. Date of Birth                                 :   01/02/1984 
4. Sex                                               :   Female  
5. Marital Status                               :   Single      
6. Account                                       :       
7. Address                                        :    45 A, 
                                                               Madina Bagh Chanapora , Naer Ellen Convent School 

Permanent                                       :    45 A,

                                                              Madina Bagh Chanapora , Naer Ellen Convent School 

Temporary                                     :     

8. Date of Joining                             :      

PART- A (EPF)
I hereby nominate the person(s)/ cancel the nomination made by me previously and nominate the person(s)
mentioned below to receive the amount standing to my credit in the Employees’ Provident Fund, in the event of
my death.

If the nominee is a minor,

Nominee’s Total amount of share name & relationship &
Name of address of the guardian
relationship Date of of accumulation in
nominee/no Address who may receive the
with the Birth Provident Fund to be
minees amount during the
member paid to each nominee
minority of nominee
1 2 3 4 5 6
Mohd Shafi
Bhat   Father 06/13/1955     
1. *Certified that I have no Family as defined in para 2(g) of the Employees’ Provident Fund Scheme, 1952
and should I acquire a family hereafter the above nomination should be deemed as cancelled.
2. *Certified that my father/mother is /are dependent upon

* Strike out whichever is not applicable.                                     

Signature or thumb impression of the subscriber

Page 8 of 12
 

PART B (EPS) (Para 18)

I hereby furnish below particular of the members of my family who would be eligible to receive widow/ children
pension in the event of my death.

Name and Address of the family member Date of

S No. Relationship with member
Name Address Birth

1.
2.
3.        
4.
5.

**Certified that I have no family as defined in para 2(vii) of Employees’ Pension Scheme, 1995 and should I
acquire a family hereafter I shall furnish particulars thereon in the above form.
I hereby nominate the following person for receiving the monthly widow pension (admissible under para 162(a)(i)
and
(ii) in the event of my death without leaving any eligible family member for receiving pension.

Name and Address of the Nominee Date of Birth Relationship with member
 Mohd Shafi Bhat 06/13/1955 Father

Date :……………………..                                                                                     
**Strike out whichever is not applicable                               
Signature or thumb impression of the subscriber

 
CERTIFICATE BY EMPLOYER

Certified that the above declaration and nomination has been signed/thumb impressed before me by 
Shri/Smt./Kum....................................................................... employed in my establishment after he/she has read
the entries/entries been read over to him/her by me and got confirmed by him/her
 
Signature of the employer or other Authorized Officers of
Place ............……….. ..........
the Establishment 
Date………………………………  
  Destination .................................................…

Page 9 of 12
 

FORM ‘F’
[See sub-rule(1 ) of rule 6 ]
Nomination

 
To. .....................  [Give here name or description of the establishment with full address ]
I, Shri/ Shrimati/ Kumari Shazia Shafi whose particulars are given in th estatement below,
hereby nominate the person (s ) mentioned below to receive the gratuity payable after my death as also the
gratuity standing to my credit in the event of
my death before that a month has become payable, or having become payable has not been paid and direct that
the said amount of gratuity shall be paid in the proportion indicated against the name(s ) of the nominee(s ).

 
1. I hereby certify that the person(s ) mentioned is a / are mem ber(s) of my family within the meaning of
clause(h ) of section (2 ) of Payment ent of Gratuity Act, 1972 .
2, I hereby declare that I have no family within the meaning of clause (h ) of section (2 ) of the said
3, (a ) My father/ mother/ parents is / are not dependant on me
    (b ) my husband’s father/ mother/ parents iis/arenot dependent on my husband .
4, I have excluded my husband from m y family by a notice date th e …… to th e controlling authority in
terms of th e proviso to clause (h ) of section 2 of the said
5, Nomination made herein in validates my previous nomination .

 
Nominee (S)

Name in full with full Relationship with the Proportion which the
Age of nominee
address of nominee(s) employee gratuity will be shared
Mohd Shafi Bhat Father 06/13/1955  100%
  

       
so on .      

Page 10 of 12
 

Statement

1. Name of employee in full                                        : Shazia Shafi 

2. Sex                                                                          : Female  
3. Religion                                                                  :
4. Whether unmarried/ married/ widow/                     : Single 
5. Department / Branch / Section where employed
6. Post held with Ticket or Serial , if  any.
7. Date of appointment                                                :  
8. Permanent address                                                 : 45 A Madina Bagh Chanapora Naer Ellen Convent
School 

      Village…………….........Thana …….......... Sub-division ………….....…Post Office.........................

Place                    
Date                                                                       

Signature/ Thumb impression of the employee  

Declaration by witnesses
Nomination signed/ thumb impressed before me.
Name in full and full Signature of witnesses
1 .                                                                                             1 .
2 .                                                                                             2 .
Place
Date

Certificate by the employer

Certified that the particulars of the above nomination have been verified an d recorded in th is establishment .
Employer ’s Reference No., if any
Signature of the employer/Officer authorized
Designation..................................................
Name and address of the Establishment or rubber stamp thereof.
Date

Acknowledgement by the employee

Received the duplica te copy of nomination in Form ‘F’ filed by meand duly certified by the employer.

 
Date                                                                                       
Signature of the employee

Page 11 of 12
 

GROUP LIFE INSURANCE BENEFICIARY FORM

 
Beneficiary's Full Name:     Mohd Shafi Bhat       
  
Relationship to You:    Father    

 
Beneficiary's Date of Birth :(mm/dd/yyyy):   06/13/1955 

 
Signature of the employee:       

E-Code -  

 327273/218146/Shazia Shafi/53785 
Bajaj Allianz Life Insurance Company Limited
Regd. Office Address: Bajaj Allianz House, Airport Road, Yerawada, Pune - 411006 | Tel: +91-20-66026777 |
Fax: +91-20-66026789
Toll Free no.: 1800 209 7272 | Email: [email protected] | Website: www.bajajallianzlife.com
CIN: U66010PN2001PLC015959

Page 12 of 12