Piaggio extends insurance cover to family of deceased for up to 5 years

1 lakh per child per year (maxi 2 children) will be paid towards education expenses up to graduation


Like many other corporates, Piaggio Vehicles (PVPL) has also taken several measures to provide security to its employees amidst these challenging times. Not only has the Company completed the vaccination drive for its staff and their dependents aged above 18, it has also vaccinated all those above 45, including contract staff. In case any employee loses his/her life to COVID, PVPL will pay one lakh a year towards education of the deceased employee’s children (maximum two) until they graduate. The family will also be covered under the mediclaim insurance policy for up to five years.

All employees have been insured under the COVID Term life Insurance for a sum of Rs 20 lakh to provide relief to the immediate family in case of death of the employee due to Covid

The 100 per cent subsidiary of the Italian Piaggio Group, has introduced an app through which employees can access healthcare-related services, such as consultation, e-pharmacy, lab tests, health check-ups and telemedicines.

The small commercial vehicles manufacturing company desires to lend complete support to its workforce during these troubled times. Diego Graffi, MD & CEO, Piaggio Vehicles Pvt. Ltd, says “While we recognise that no amount of money or support can substitute for the death of a loved one, it is crucial for us as an organisation to reassure and offer stability to the families as they cope with the loss.”

Pooja Bansal, head – HR, Piaggio Vehicles, rightly says, “For us at Piaggio, employee & community well-being and support is not just a policy but a philosophy integral to our work ethos”.

Piaggio has an over 3000-strong work force comprising experienced engineers, R&D specialists, plant workers, sales, service and marketing professionals. It has a two-wheeler plant in Baramati, Maharashtra, where it manufactures the Vespa and the Aprilia SR and SXR range.

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