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Bajaj Auto had introduced an analogous programme final week to assist households of staff who handed away because of the pandemic.
Bajaj Finserv, the holding firm of all monetary providers companies of the Bajaj Group, on Monday introduced a complete help programme for the households of staff who misplaced their lives preventing Covid-19.
The initiative is being rolled out throughout Bajaj Finserv and its firms, together with Bajaj Finance, Bajaj Allianz Life Insurance coverage, Bajaj Allianz Basic Insurance coverage, Bajaj Housing Finance, Bajaj Finserv Well being, Bajaj Monetary Securities, Bajaj Finserv Markets and Bajaj Holdings & Funding, with impact from April 1, 2020. It has been structured to cowl staff throughout all ranges.
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Monetary help to households of deceased staff would vary from roughly 1.5 occasions to three occasions their annual wage. Senior staff would get a hard and fast quantity of Rs 1 crore. The corporate may also provide schooling help of as much as Rs 2 lakh each year, per baby, for as much as two youngsters till their commencement. Additional, the corporate would provide employment to spouses underneath the ‘partner as a advisor’ programme. The household of the deceased worker contaminated with Covid-19 would additionally get an extension of medical insurance coverage for 60 months.
Bajaj Finserv launched the ‘Collectively as One’ programme to face by the households of staff who died with Covid-19 . “It’s unlucky that we misplaced a few of our personal individuals to this pandemic. We resolve to face by their households in these attempting occasions, even of their absence,” Sanjiv Bajaj, chairman and managing director, Bajaj Finserv, mentioned.
The Bajaj Group has dedicated Rs 300 crore towards Covid-19 with Rs 100 crore spent through the first wave and Rs 200 crore through the second wave. Bajaj Auto had introduced an analogous programme final week to assist households of staff who handed away because of the pandemic.
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