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TVS Credit provides financial aid to families of employees succumbing to Covid

The company has enhanced financial cover under its employee welfare program- ‘Parivaar’

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Mumbai: Financial services provider TVS Credit Services Ltd has extended additional financial assistance under its Employee welfare program – Parivaar to support employees during the health crisis.

The company had added several benefits to the welfare program during the initial outbreak of the pandemic. This included plans to provide monetary compensation equal to three years of the employee’s salary to the families of employees who lost their lives in the pandemic. It also provided three years of family medical insurance and a dedicated financial adviser to guide the family on managing the fund effectively.

Elaborating further on the program, TVS Credit Jayashubha K, chief people officer said, “While we understand that no financial aid or assistance can compensate for the loss of loved ones, it is important for us as an organization to reassure and provide security to the families while they overcome the bereavement. Since the surge in Covid-19 cases across India, several families of our employees struck with the misfortune have been assisted. We are committed to continue our efforts and support our employees to get through these unprecedented times."

It has also introduced various other welfare initiatives which includes special insurance schemes to cover Covid centric hospitalization and medical expenses and assistance in emergency consultation for the employees and their family members. To provide additional help, the organization has also set up a Covid helpdesk & support centers in Maharashtra, New Delhi, Uttar Pradesh to assist with immediate medical treatment and provide emergency support to the ones in need. 

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