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Our company has a car policy for which we are eligible after 5 years of service. Two years back our company got acquired by an MNC. The policy was retained. Last year some pf we became eligible for this car policy (policy amount 4L). Last year while giving increment, we were told that we would get less increment since we are getting car policy. We did raise our concern but then we were told that including car policy in this increment, it amounts to the raise promised.

It is not possible for us to advise you on this without looking at the documents that you have. However, if Car policy was added as part of CTC it should continue to be there until a fresh appraisal letter is issued. As a thumb rule, the newer contract will supersede all previous contracts. Hence if you have agreed for new CTC, you cannot now go ahead...


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