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Atlas Copco starts financial aid scheme for COVID-19 deceased employees

Jun 23, 2021
Atlas Copco starts financial aid scheme for COVID-19 deceased employees

Pune, Maharashtra

Atlas Copco has announced a special financial aid scheme for the families of those employees who have passed away due to COVID-19. The scheme applies to all the on-roll employees retrospectively from April 1, 2021.

Benefits for the dependents of deceased employees include:

?        Payment of monthly salary (100%) for 24 months

?        One-time payment of INR 10,00,000 as education assistance for children of a deceased employee

?        Extension of medical insurance for 60 months for the dependents

Additionally, dependents will also get insurance benefits where the sum insured is three times the CTC (cost-to-company).

Frans Niekerk, Managing Director, Atlas Copco India said “Today, the entire world is facing unprecedented challenges due to the pandemic and for the world around us, empathy is more important than ever. We are also impacted by the situation, but our effort is to limit the impact as we are committed to ensure safety and wellbeing of people.”

COVID-19 exposed everyone to a different reality with an increased focus on safety and well-being. The company launched toolkits covering support material and learning on topics such as leading from a distance, maintaining emotional well-being, building resilience in times of change and uncertainty. All factories and offices conduct testing camps, fumigation and sanitisation of the workplace to combat COVID-19.

Image Source: Atlas Copco Website 

Source – Atlas Copco Press Release

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