Chennai, May 06, 2021: Muthoot Finance is India’s largest gold loan NBFC. The company’s management has decided to support the families of those employees who unfortunately lost their lives due to Covid-19 in South India.
The company has been initiating various steps to protect its employees from this dangerous pandemic. Repeated instructions have also been issued to internal employees emphasizing the need to take precautions in the form of social distancing, wearing of mask, importance of sanitization etc.
Mr. George Alexander Muthoot, Managing Director, Muthoot Finance Ltd. said, “Our organization is trying to protect all its employees in every possible way and has been checking with each employee personally to ensure that precautions to safeguard themselves from the threat of Covid-19 pandemic have been carried out”
The salient feature of the new employee welfare scheme is:-
Ø In respect of employees dying in harness due to Covid-19, Company will pay monthly salary for the next 24 months to the spouse/ mother of the deceased employee.
This will be in addition to the terminal benefits offered by Muthoot Finance including one-time compassionate payment, payable to the family/dependents of deceased employees. The company will continue to ensure that each employee and their family member is safe and protected.
To promote and motivate the employees to take vaccination against COVID-19, company has decided to reimburse the amount of Rs. 1500 for vaccination of employees and their dependents, if they produce the copy of the vaccination certificate.
employment, the period of monthly compensation will be limited to 12 months irrespective of the total period of the engagement in the Company.
This will be in addition to the terminal benefits offered by Muthoot Finance including one-time compassionate payment, payable to the family/dependents of deceased employees. The company will continue to ensure that each employee and their family member is safe and protected.
To promote and motivate the employees to take vaccination against COVID-19, company has decided to reimburse the amount of vaccination for employees and their dependents, if they produce the copy of the vaccination certificate.
