TVS Motor Company and Sundaram Clayton Ltd. announce COVID-19 welfare measures for staff

The firms, in a statement, said they will cover hospitalisation charges and extend insurance to dependents.

May 26, 2021 10:43 pm | Updated 10:43 pm IST - CHENNAI

TVS Motor Company and Sundaram Clayton Ltd. on Wednesday announced welfare measures for employees in light of the pandemic.

Of the many challenges that employees may face, one is the sheer financial impact of medical expenses from possible hospitalisation. In the event an employee needs to be hospitalised due to COVID-19, the companies would cover all expenses, a statement said.

In case of an unfortunate eventuality, the companies said they would support the bereaved. As immediate relief, they would provide compensation as ex-gratia to the legal heir of the deceased employee. This compensation would be commensurate with the number of years of service, and would be up to three times the gross annual salary, they said. The ex-gratia would be in addition to the standard TVS Motor Company and Sundaram Clayton Ltd., Family Welfare Funds and other statutory benefits.

The medical insurance benefits will be extended to the bereaved for the next three years. To ensure a stable future for children and to ease the burden on dependents, the companies will provide educational assistance for up to two children till the completion of undergraduation, they said.

The Group Corona Mediclaim policy of ₹1 lakh has been extended to all employees. They have also facilitated assistance to employees to avail of the same coverage for dependents. The companies have set up a 24/7 ambulance service in select regions for employees.

Th companies said they had already vaccinated every employee above 45 years. In the second phase, all employees above the age of 18 at the Hosur, Mysore, and Bengaluru offices were now being vaccinated in collaboration with various hospitals and primary health centres, they added.

Top News Today

Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in


Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.