Muthoot Finance to support families of employees who died of COVID-19
Muthoot Finance, the largest gold loan NBFC, announces the support to families of employees who have passed away due to COVID-19. The company brings a new welfare scheme that aims to provide some financial aid to grieving families.
The company will pay a monthly salary for 2 years to the family of the deceased employee if they had completed 3 or more years of service. In cases where the employee had not completed 3 years of service, a monthly salary will still be paid but for a period of 1 year.
For the employees who are working on contract, the company will pay 12 months’ monthly salary regardless of actual time spent with the company.
Additionally, Muthoot Finance will also provide a “One-Time Payment” to the dependents or family of the deceased employee.
Announcing the benefits George Alexander Muthoot, Managing Director of the company said, “Our organization is trying to protect all its employees in every possible way and has been checking with each employee personally to ensure that precautions to safeguard themselves from the threat of COVID-19 pandemic have been carried out”
“We provide free medical assistance to all our employees who got infected PAN India to win against the second wave of COVID-19, and also taken few steps in order to promote the well-being of our employees in these crisis times.” He said.
“We are also encouraging our employees to get vaccinated against COVID-19, and provide full reimbursement for the vaccination of staff and their dependents, all they have to provide is a copy of the vaccination certificate.” He said.