Mumbai: Kotak Mahindra Group (Kotak) on Sunday announced the launch of a pandemic friendly policy for its employees.
Under the policy, the family members or nominees of deceased employees who lost their lives after April 1, 2020, and in subsequent cases up to March 31, 2022, for two years beginning June 2021 (cost of the company), a statement from the bank said.
In addition, this policy applies to the families or nominees of all deceased employees, irrespective of the cause of their death – whether related to COVID-19 or any other cause not related to the COVID-19 pandemic.
The families or nominees of deceased employees eligible for annual bonus will also receive annual year-end bonus for FY2020-21. In addition, Kotak’s mediclaim insurance will cover the spouse and minor children of the deceased employee for the financial year 2021-22.
To help and support the workforce across the country in the fight against the pandemic, Kotak has put in place a series of emergency measures, including medical emergency response services, isolation facilities, telemedicine services, financial support for medical expenses as well as financial Support is also included. Formation of in-house volunteer teams across the country to assist employees and their families with vital resources.