Thursday, June 19, 2025

Welspun Group announces death benefits due to COVID-19

- Advertisement -

Welspun Group announces death benefits due to COVID-19

Welspun Group announces to extend the support to the deceased employees’ families of its company who have lost their life due to dreadful COVID -19.

Apart from Group Term Life Insurance plan, the company introduces below death benefits due to COVID-19.

1- 50% of the monthly salary for two years to the family as a living allowance.
2- Education Free for two Kids up to graduation (scholarship Scheme).
3- Medical Insurance for family (Spouse and 2 kids) of 5 Lakhs for 10 years.
4- Consider Spouse/ Children for suitable roles based on the company’s policy as requisite, qualification, and skills.

Announcing the above benefits B K Goenka, Chairman Welspun Group said, “We can’t compensate for life but we would like to support the families of our colleagues who have lost the battle to COVID-19, by taking care of their living expenses, education, and health insurance.”

“We consider it our duty to secure the independence and dignity of every employee’s family so that they can chart their own success stories,” Goenka said.

“Our people have always been greatest strength. While any kind of financial support can’t compensate for the magnitude of loss, we the entire Welspun Pariwar is and always remain with the families during these difficult times,” He said.

The safety and wellbeing of our family is our utmost priority, Goenka said.

Welspun Group is one of India’s fastest-growing global conglomerates with businesses in Line Pipes, Home Textiles, Infrastructure, Steel, Advanced Textiles, and Flooring solutions. As globally recognized leaders in Home Textiles and Line Pipes, the group has presence in over 50 countries with a strong team of 26,000+ employees.

Editorial

Why TCS Deferred FY25 Salary Hike: Better Hike Ahead?

TCS had initially announced its annual salary hike during...

Deloitte, PWC, EY, KPMG to Hire 1 Lakh People in India in FY25

According to estimates from top company officials and industry...

Higher EPS Pension Application Stuck: A Step-by-Step Guide to Fix

Nearly 97,640 Provident Fund (PF) members and pensioners under...

Employee Benefits at India’s Big 4 Firms Deloitte, PwC , EY, KPMG

The Big 4 firms; Deloitte, PwC (PricewaterhouseCoopers), EY (Ernst...

TCS Announces 4-8% Salary Hike for FY25, Lowest in Last 4 Years

Tata Consultancy Services (TCS), India's largest IT services provider,...

Must Read

Goldman Sachs Group Inc. to add about 100 staff in Singapore

Goldman Sachs Group Inc. to add about 100 staff...

Mahindra Group Expands Workforce: 300+ New Roles Across India

Mahindra Group, a billion-dollar global enterprise headquartered in Mumbai,...

Paneesh Rao on Sustainability Challenges & LTIMindtree Initiatives

Paneesh Rao, Chief Sustainability Officer, LTIMindtree. Paneesh is a...

Amazon workers in New York withdraw petition to unionize

A group of Amazon.com Inc (AMZN.O) workers in New York City's...

Attrition in IT Industry Won’t Come Down- Apparao V V, CHRO, HCL Tech

According to a Business Standard report, Apparao V V,...

EPFO plans to hire consultant to monitor bond  investments

The Employees’ Provident Fund Organisation (EPFO) is planning to...

Morgan Stanley is inviting applications for Internship, Apply

A leading global financial services firm providing a wide...

MEA Addresses H-1B Visa Concerns as President Trump Returns

The Ministry of External Affairs (MEA) has expressed its...

Related Articles

SightsIn Plus
SightsIn Plushttps://sightsinplus.com/
SightsIn Plus is an India’s leading high-quality people-focused monthly HR Magazine and provides up-to-date HR News, Leadership Announcements, Best HR Practices and Insights by Global CHROs, CEOs, HR Advisors, Business Managers and HR Heads on topics of interest to HR professionals. To subscribe SightsIn Plus, HR Magazine please visit- https://sightsinplus.com/subscribe/