Welcome aboard the mighty Kraken! We are an international ship of adventure-seekers, out-of-the-box thinkers, and professional pirates, all working together to accelerate the worldwide adoption of cryptocurrency. What lies ahead is vast, deep, and waiting to be discovered. Are you ready to begin your journey?
At Kraken, we’re all about Life, Liberty, and the Pursuit of Financial Freedom—not only for our company, clients, and partners, but most importantly, for our Krakenites. To set you on a course for success, we offer a wide variety of health and wellness benefits. Get ready to explore your options, choose what works best for you, and use the many resources available to help you live a life of riches—physically, emotionally, and financially.
Your adventure awaits. Choose your path to unleash your benefits!
| Who is Eligible? | Eligibility |
|---|---|
| You | You must be a direct hire employee of Kraken’s legal entities in the UK. |
| Your Dependents | Any child for whom you or your partner hold responsibility for. Dependent children can be covered on your policy up to the age of 24 and will be automatically removed from the policy at the renewal following their 24th birthday |
| Benefits | Effective Dates |
|---|---|
| Medical and Dental | Date of hire |
| Life Assurance and Income Protection | Date of hire |
| Pension | Date of enrolment |
| Benefits | Effective Dates |
|---|---|
| Medical and Dental | Enrolment is automatic from your date of hire. You have 30 days from your hire date to enter your dependents or opt out of coverage. |
| Life Assurance and Income Protection | Enrolment is automatic from your date of hire. |
| Pension | You will be automatically enrolled following a 3 month postponement period, however, you can choose to enrol in the scheme before this date at your request. Should you wish to opt out of the pension scheme, you will have 30 days from your scheme effective date. |
We’re proud to have partnered with Bupa to offer you a medical insurance plan designed to help you and your family get the quality care you need. Through your Bupa membership, you will have access to private medical treatment within the UK such as consultations, diagnostic tests, surgical procedures, and more.
Even better, Kraken will fund the full cost of the annual premium for you and your dependents, meaning you will only be responsible for the tax on the premiums paid!
Please visit our UK Benefits Summary Page on Confluence (internal only) to learn more. Alternatively, visit the Resource Library for provider contact details, plan information and the Bupa Private Medical Insurance membership guide.
We know that health is a very personal thing, so one-to-one contact with a doctor is really important. As part of your membership with Bupa, you will receive access to a virtual GP service provided by Babylon.
Through Babylon Virtual GP, you will have 24/7 access to GPs, physiotherapists, nurses, private prescription delivery, instant health information and all of the tools you will need to manage your health in one place.
For information on how to access the Babylon Virtual GP service or download the app, please visit our UK Benefits Summary Page on Confluence (internal only).
Keep those pearly whites healthy with regular dental care. Bupa dental insurance helps you to cover the costs of preventative and restorative treatment.
The cost of dental insurance can add up. That’s why we pay the full cost of the annual premium for you and your dependents, meaning you will only be responsible for the tax on the premiums paid!
| Category | Summary of Coverage |
|---|---|
| Preventative Benefits | Routine examinations Scale & Polish X-rays |
| Restorative Benefits | Fillings/root canal Extractions Restorative dental treatment 100% reimbursement for NHS treatment when treated by an NHS dentist |
| Other Covered Benefits | Orthodontic treatment Emergency dental treatment Dental injury treatment Oral cancer treatment Cash benefit for hospital stays |
Please visit our UK Benefits Summary Page on Confluence (internal only) to learn more. Alternatively, visit the Resource Library for provider contact details, plan information and the Bupa Private Medical Insurance membership guide.
Life Assurance through Canada Life provides financial security to you and your family if you pass away.
Life Assurance can help protect those you love from financial hardship in the face of the unexpected.
Eligible Krakenites automatically receive Life Assurance coverage in the amount of 4 times your basic annual salary. This coverage is provided at no cost to you and is effective from your date of hire.
In the event anything should happen to you whilst employed by Kraken, the company will make a lump sum payment to the beneficiaries of your choosing.
You may choose anyone to be the beneficiary of your Life Assurance policy, therefore, it is good practice to review your nominated beneficiaries periodically to ensure they reflect your current wishes.
For more information on nominating a beneficiary, please visit the UK Benefits Summary Page on Confluence (internal only).
Income Protection through Canada Life provides financial security to you and your family if you become seriously ill or injured.
When you’re ill or injured, you may find yourself in unchartered waters. Kraken provides Income Protection assistance while you find your sea legs again.
Eligible Krakenites automatically receive Income Protection coverage. It pays a proportion of your lost earnings each month (75% of your basic salary), which could help cover your monthly outgoings so that you are able to focus on getting better and back to work. Payments will continue until you return to paid work, or you retire.
This coverage is provided at no cost to you and is effective from your date of hire.
Krakenites are the reason our company continues to grow and succeed, and we want you to feel part of our unique company for years to come and partake in making our wins your wins too. That’s why we offer nearly all our Krakenites a stake in the company.
Being ready for retirement is an important part of financial wellness. The key to success is to start saving now! Kraken has partnered with Aviva, one of the UK’s leading wealth and retirement businesses, to provide you with a competitive Defined Contribution workplace pension scheme so you can save a ton of loot!
Following a 3 month postponement period, you will be automatically enrolled into the pension scheme.
The Aviva workplace pension offers a wide variety of investment options so that you can choose the best option to suit your lifestyle.
Kraken practices contribution matching at a 1:1 ratio up to a maximum employer match of 8%, enabling you to maximise your savings. Please see the table below for an illustration.
| Employee Contribution | Employer Contribution Match |
|---|---|
| 5% | 5% |
| 6% | 6% |
| 7% | 7% |
| 8%* | 8%* |
*The employer contribution match is capped at 8%, however, you can increase your employee contribution beyond 8% up to any level you are comfortable with, provided you do not reduce your net pay below the national minimum wage.
You can choose to opt out of your scheme if you are still within your 30 day opt out window (effective from your scheme start date), or alternatively, you can be placed on a ‘contribution holiday’ (if you are outside of your 30 day opt out window) which stops all contributions, both employee and employer, but keeps your scheme active.
Contribution changes however, can be made at any time in the year.
Don’t forget! You can also download the My Aviva app to update your personal details, manage your investments, check your pension statements, and more. For further information please visit the UK Benefits Summary Page on Confluence (internal only).
This website highlights some of your benefit plans. Your actual rights and benefits are governed by the official plan documents. If any discrepancy exists between this communication and the official plan documents, the plan documents will prevail. The company reserves the right to change any benefit plan without notice. Benefits are not a guarantee of employment.
