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Mumbai: India Inc is stepping up measures, such as increasing health covers of staff members and assuring support to families in the unfortunate event of death, as the second wave of the coronavirus continues to claim more lives and hurt livelihoods.
Firms across sectors, especially those categorised as essential, are looking at means to offer enhanced financial security for their employees. These industries include manufacturing, banking and finance, healthcare, aviation, retails, ecommerce and media.
These measures are aimed at boosting staff morale and ensuring business continuity, especially for frontline blue-collar workers. Covid-specific health covers offer daily benefit packages to those quarantined owing to the virus, staffing executives and insurance experts told ET.