Upcoming Webinar:'COLLECTIVE FORCE: India Inc. unites to tackle the second wave of COVID-19' on June 23, 11 am. Register Now!

ITC extends employee assistance, to bear medical expenses of COVID-hit staff and their family members

The company has also extended a loan facility to its employees, which will support medical treatment of certain family members suffering from COVID-19.

May 13, 2021 / 04:13 PM IST
Representative image: Reuters

Representative image: Reuters

  • bselive
  • nselive
Todays L/H

FMCG major ITC has rolled out several employee benefits programmes to lend a helping hand to its employees and their families, who have turned COVID-positive.

The company on Thursday announced that it will bear the medical expenses of employees who have been infected by the novel disease.

“To support employees during these difficult times, apart from the full coverage of medical expenses of employees and immediate family members, ITC has also extended a loan facility to employees to support medical treatment of certain family members owing to COVID-19 infection, who are otherwise not covered under the company's medical policy,” said Amitav Mukherji, Head, Corporate Human Resources, ITC Limited.

Mukherji informed medical Insurance coverage has also been extended to the company’s supply chain partners.

ITC has also undertaken several other initiatives to help out its employees' tide over this difficult period. It has introduced a suite of measures such as dedicated covid care centres, helplines managed by the company's HR personnel for emergency support such as testing, provision of oxygen concentrators, hospitalisation, and dedicated camps for vaccination of employees, family members, service providers, and supply chain partners, he added.


COVID-19 Vaccine

Frequently Asked Questions

View more
How does a vaccine work?

A vaccine works by mimicking a natural infection. A vaccine not only induces immune response to protect people from any future COVID-19 infection, but also helps quickly build herd immunity to put an end to the pandemic. Herd immunity occurs when a sufficient percentage of a population becomes immune to a disease, making the spread of disease from person to person unlikely. The good news is that SARS-CoV-2 virus has been fairly stable, which increases the viability of a vaccine.

How many types of vaccines are there?

There are broadly four types of vaccine — one, a vaccine based on the whole virus (this could be either inactivated, or an attenuated [weakened] virus vaccine); two, a non-replicating viral vector vaccine that uses a benign virus as vector that carries the antigen of SARS-CoV; three, nucleic-acid vaccines that have genetic material like DNA and RNA of antigens like spike protein given to a person, helping human cells decode genetic material and produce the vaccine; and four, protein subunit vaccine wherein the recombinant proteins of SARS-COV-2 along with an adjuvant (booster) is given as a vaccine.

What does it take to develop a vaccine of this kind?

Vaccine development is a long, complex process. Unlike drugs that are given to people with a diseased, vaccines are given to healthy people and also vulnerable sections such as children, pregnant women and the elderly. So rigorous tests are compulsory. History says that the fastest time it took to develop a vaccine is five years, but it usually takes double or sometimes triple that time.

View more

The company is also offering paid leaves to its employees who have been infected or are quarantined as a result of being primary contacts.

Employee Wellbeing programme comprising of counselling services from expert agencies, medical advice and guidance from the company's medical officers, nutrition, and other mental health interventions are some of the other efforts undertaken by the company.

“In every way possible, the intent is to bring to bear the institutional support of the company and the fellowship of colleagues to help employees and families overcome the challenges of the pandemic,” said Mukherji.

ITC with this recent announcement joins a host of other companies such as Borosil, TVS Motor Company, Bajaj Auto, Sun Pharma that have rolled out employee benefits programmes for their employees. Borosil, the first company to announce such an initiative, had said in May that in the event of an employee losing life due to COVID-19, the company would keep paying the salary to the family for the next two years. The company said it would also take care of the education of children till their graduation.
Moneycontrol News
first published: May 13, 2021 04:01 pm

stay updated

Get Daily News on your Browser