Metal-to-oil conglomerate Vedanta will families of any of its employees dying of COVID, the last drawn fixed salary till the notional date of retirement as it expanded its pandemic cover for its employees, their families, and business partners.
It announced an ex gratia payment of Rs 10 lakh each to the families of the deceased business partners and spending of around Rs 12.6 crore to procure vaccines in bulk for the Vedanta family and all its business partners.
Also, medical insurance cover has also been enhanced to 1.5 times the existing eligibility while the COVID Kawach Insurance will be provided to business partners, the company said in a statement.
