Piaggio Vehicles Pvt. Ltd (PVPL) declared all its permanent employees have been insured under the COVID Term life Insurance for a sum of Rs. 20 lakhs to provide relief to the immediate family in case of death of the employee due to Covid.
Mediclaim insurance upon the unfortunate death of an employee due to COVID, will be extended to the immediate family members (dependants) up to a period of 5 years as per the policy.
PVPL has introduced an education assistance program for providing education assistance of Rs. 1 lakh per child per annum (maximum 2 children) each until the completion of their graduation degree in case of an unfortunate death of an employee due to COVID
PVPL is also providing its employees with a comprehensive set of offerings with a single app. Employees can avail all healthcare related services like consultation, telemedicine, E-pharmacy, lab tests, health check-ups through the app.
Diego Graffi, MD & CEO, Piaggio Vehicles Pvt. Ltd. said, “In these exceptionally difficult times Piaggio stands firm with all of its employees, devoted to their safety. During the pandemic, we want to give complete support to our employees and their families.
While we recognize that no amount of money or support can substitute for the death of a loved one, it is crucial for us as an organization to reassure and offer stability to the families as they cope with the loss.”
In addition to vaccinations, various initiatives like counselling of employees through mail or telephone, education assistance program for the children of the deceased employee due to COVID, or COVID Term Insurance of Rs. 20 lakhs amongst others, have been introduced.