MUMBAI: From to to Tech Mahindra, more companies have rolled out a Covid support policy for families of employees claimed by the infection. India’s largest metal producer Tata Steel announced that it will continue to pay salary to the deceased employee’s family till the retirement age of 60 years. The salary will be the same as his last compensation which he drew before his demise. Along with the salary, it will offer medical benefits, housing facilities and bear all educational expenses of the deceased employee’s children till their graduation in India.
Mankind Pharma will contribute an amount equivalent to five years of the last drawn gross salary to the dependents of the deceased employee with a maximum limit of Rs 50 lakh. Besides, it will provide medical cover to the dependents of the employee registered in the group mediclaim policy for three years after his demise.
Bajaj Auto will pay two years’ salary with a maximum limit of Rs 2 lakh per month to the family of the employee who died due to Covid. It will also offer an annual education assistance of Rs 1 lakh and Rs 5 lakh to the children of the deceased employee till the completion of standard 12 and graduation.
TVS Credit Services will cover all education expenses of the deceased employee’s children till they graduate from any Indian college.
Tech Mahindra has introduced a special HR policy offering employment, learning and development, and educational opportunities to dependents of the deceased employee. Similarly, Amway India has pledged financial aid and educational support to the spouse and children of the deceased employee.
Companies have also extended support to the employees of their dealers and business partners. Sonalika Tractors will pay Rs 2 lakh to the family of the deceased dealer associate. “Through the new extensive support measures such as medical expense assistance up to Rs 25,000 and financial support of up to Rs 2 lakh to the immediate family member in case of demise due to Covid, we remain committed to stand together with our dealers and their employees,” said Sonalika executive director Raman Mittal.