Updated:
May 26, 2021 22:43 IST
The firms, in a statement, said they will cover hospitalisation charges and extend insurance to dependents.
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The firms, in a statement, said they will cover hospitalisation charges and extend insurance to dependents.
TVS Motor Company and Sundaram Clayton Ltd. on Wednesday announced welfare measures for employees in light of the pandemic.
Of the many challenges that employees may face, one is the sheer financial impact of medical expenses from possible hospitalisation. In the event an employee needs to be hospitalised due to COVID-19, the companies would cover all expenses, a statement said.
In case of an unfortunate eventuality, the companies said they would support the bereaved. As immediate relief, they would provide compensation as ex-gratia to the legal heir of the deceased employee. This compensation would be commensurate with the number of years of service, and would be up to three times the gross annual salary, they sai