As the 2nd wave of the pandemic engulfs the entire nation, Larsen & Toubro has given special emphasis to the safety and care of its employees and their family members affected by the Corona virus. One of the major concerns of people affected by this deadly virus is managing the medical expenses incurred for treatment.
The company has gone all out in offering its employees an additional insurance cover exclusive for COVID-19 and the support for education for children of employees who died while in service is being provided to children between the age group of 3 years to 25 years. Students who are studying in Pre-Primary, Primary, Secondary, Junior & Senior Colleges, and Professional courses are eligible under the scheme.
The company offers support towards vocational training and education to help in rehabilitating spouse of deceased employees or of fully incapacitated employees to make them employable is also being provided. 75% of the Course Fee with a limit of rs. 1 Lakh per financial year will be reimbursed for the duration of the course not exceeding three years. The course chosen should help the spouse in becoming employable or enable the spouse to be self-employed.
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“This is one of the most challenging phases of the pandemic that we are witnessing. The second wave has hit us hard and has hit us fast. It is in times like these that we have to stand by our family. Each and every employee is part of the L&T family and we will leave no stone unturned in helping our employees and their families affected by the pandemic. We have collectively taken this decision to provide some relief to our employees which will hugely reduce the burden and stress of those affected, at least financially. There is no replacement for a loss of life, however with these Insurance Covers we aim to at least provide the much needed support and help to the families of our employees in case the need arises. We have to stay strong and united to fight this through and move past this phase with strength and vigour.” Said, Mr SN Subrahmanyan, CEO & MD, Larsen & Toubro .
