CHENNAI Cholamandalam Investment and Finance Company Limited (Chola), the financial services arm of Murugappa Group, announced its Pandemic Support Program for its employees.
The support initiatives are aimed towards enabling Chola employees to wade through the unsettling spread of Coronavirus and the impact it has had on their lives. The benefit program also looks at providing support to the dependents of employees.
Commenting on the Program, Mr. Vellayan Subbiah, Chairman, Cholamandalam Investment & Finance Company Limited said, “The unexpected challenges of the pandemic provided an opportunity to find our ways and means to stay united, stand strong against the viral chaos. I would like to take this opportunity to thank all our employees across levels for standing strong with us during these trying and testing times. And we firmly believe that this could be possible only with their respective families standing strong behind them. Hence all initiatives under our Pandemic Support Program are aimed at ensuring that our employees and their families continue to be safe and healthy. We will continue to actively engage with them to ensure that they get the necessary care and support.”
The initiatives under Chola’s Pandemic Support Program include:
Monthly gross salary credit to the family of deceased employees up to 24 months
Employment opportunity on merit for the eligible dependents
Support education of deceased frontline field employees’ children up to graduation
Risk protection by way of Hospitalization benefits (Medical insurance up to Rs 2.5lacs) – for the employee
and his family, Immediate cash facility on impacted by COVID, Company hospitalization tie-up program for
COVID affected employees and family, Death cover on account of the pandemic, term life insurance providing 50 times of monthly gross and continued insurance coverage for the rest of the family members for a period of 12 months.
Interest-free loans for COVID affected employees and family on easy repayment terms
Cash benefit for immediate relief of COVID affected employees
Additional Death Cover on account of the pandemic
Special paid leave for COVID affected employees
Mission “Zero-COVID in my branch” program
Centralized COVID war room in every region to identify hospital beds, oxygen, and medication for employees and their families
Doctor on call 24/7
Vaccination Support program & exclusive drives
Webinars on guided meditation and practices to improve respiratory functions