Reliance Industries (RIL) will provide salaries to the nominee of employees who lost their life due to COVID-19. This support will continue for five years, the company stated in its annual report. Other than that, the company plans to shoulder the educational expenses of the children of the deceased.
RIL stated, “Reliance has put in place a liberal leave policy for employees affected by Covid-19. It is providing financial assistance of up to 3 months’ pay as interest-free salary advance in case of an exigency. In case of the unfortunate demise of an employee, Reliance is providing financial support to the family and committing to shoulder the educational expenses of the children.”
In addition, the company would also fully fund tuition fees, hostel accommodation and books of all the children of the employee, up to bachelors degree at any institute in India.
The company will further extend support under the 'Reliance Family Support and Welfare Scheme'. RIL would fully fund tuition fees, hostel accommodation and books of all the children of the employee, up to bachelors degree at any institute in India. In addition, the company has promised 100% payment of premium for hospitalisation coverage for the spouse, parents and children.
In another statement, the Reliance Foundation promised a lump sum payment of Rs 10 lakh to all bereaving families of the off-roll workforce.
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