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.