Commercial vehicle maker Ashok Leyland will provide a life insurance cover of Rs 1 lakh besides medical insurance cover for all COVID-related treatment to the extent of Rs 1 lakh to the on-roll employees of its channel partners amid the second wave of the pandemic.
An estimated 15,000-20,000 people are likely to be benefited by this initiative, the company said.
The Hinduja flagship has already rolled out a slew of measures for its own employees in the face of the pandemic.
These include financial assistance and continuation of salary for six months to an employee's family in case of death due to COVID, setting up of a tele-consultation platform with doctors on board to enable employees and their families to reach out to them digitally and work from home facility for most of the executives, among others.
In a communication to the channel partner Wednesday late evening, Vipin Sondhi, MD and CEO, Ashok Leyland, said that the company has always considered its channel partners and their employees as its extended family, and their health, safety and well-being have always been the utmost priority.
We stand by you in these times and as immediate support, we would like to announce a life insurance cover of Rs 1-lakh and a medical insurance cover, for all COVID-related medical treatment, to the extent of Rs 1-lakh for all your employees on roll, Sondhi said.
He also urged the company's channel partners to get vaccinated and also encourage their employees as well for the same on a war footing, adding that the vaccination is the only way to break the chain.
Ashok Leyland, itself has been carrying out a vaccination drive for its employees against the infectious disease.
On May 17, Ashok Leyland had said that about 75 per cent of its 45-plus age group employees have been vaccinated while across age groups, 25 per cent have been vaccinated.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.