Mahindra & Mahindra has assured that the family of any employee who loses a battle with COVID-19 will receive salary for the next five years. This is in addition to the one-time payment of twice the yearly compensation which will be paid to the immediate dependents of the deceased.
This is part of the recently announced ‘Family Assistance Policy’ which is a huge financial support and reassurance to the employees in these challenging times.
The Company has also promised to pay up to Rs 2 lakh per annum towards funding the education of the children of the deceased staff member, up to class 12.
This reassurance has been given to the employees by the CEO of the Company in an official letter.
Mahindra & Mahindra has already inoculated almost all the members of its workforce, who are above the age of 45 years. This feat was accomplished by the end of April 2021, well before a vaccine shortage hit the country.
The Company is also covering all the hospitalisation expenses of the employees who require medical aid. It is offering a daily allowance of Rs 1,000 to help with the miscellaneous expenses incurred by the employees undergoing treatment. The expenses incurred in treating and hospitalising immediate family members or dependents of the employees are also covered by the Company.
Depending on the situation and the need, it extends support to other family members too, as per its policy.