second wave of coronavirus infections claiming many lives, India Inc. has stepped in to extend financial support to its employees and their families.
This ranges from salary credits post an employee’s death to additional insurance cover for their families.Larsen & Toubro has offered financial and insurance assistance to its covid affected employees and their family members.
This includes Rs35 lakh insurance payment in the event of an employee’s death due to covid-19.Recently, Tata Steel announced that in the event of an employee’s death, it will still pay the employee’ salary to their families till the retirement age.“This Optional Insurance Cover is a communicable disease cover for covid-19 with an insured sum of INR 35 Lakhs per employee.