The company has also announced that it will also invest in the oxygen production unit. These units will also serve the society with help in business.
The Bosch group, which manufactures components for vehicles, said on Tuesday that it has provided an insurance cover of Rs 70 lakh on average in the event of death of any of its employees in India due to COVID-19. Apart from this, the group said that it has stepped up efforts for relief measures to deal with the epidemic.
Bosch also said that he would provide medical insurance to his family for three years in the event of the death of his employees. The group said in a statement, “In view of the needs of oxygen supply and health facilities during the second wave of corona virus epidemic, the group has set up COVID care centers at the Bangalore and Pune campuses.”
According to the statement, the company will also invest in an oxygen production unit. These units will also serve the society with help in business. The group said, “It is a difficult time and people of every section of society should show solidarity, empathy, have the right knowledge and support each other in the exercise of security.”
On employee welfare, Bosch said, “In an unforeseen situation like death of employees due to corona infection, Bosch will provide an insurance cover of Rs 70 lakh on average to its employees. This amount will be given to the legal heirs of the deceased employee. This is in addition to the existing Rs 7 lakh Employee Deposit Linked Insurance Scheme (EDLI). “In addition, the group will provide medical insurance to their employees for three years from the date of death in the event of death of their employees.
Let us tell you that this is not the first company in the auto sector that has made such a declaration. Earlier, the famous automobile manufacturer Bajaj Auto has also announced that if one of its employees dies due to corona, then the company will continue to pay his family for the next two years. Apart from this, the company will also bear the expenses of the education of the children of the deceased employees. Along with this, the company also said that medical insurance given by the company will also be given to the dependents for 5 years. These facilities are more than the other life insurance benefits offered by Bajaj Auto.
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