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Sun Pharma to pay two years' salary to families of employees who died of COVID-19

The company also assured that the school/college fees of children of the demised employee will be paid up to their graduation.

May 12, 2021 / 06:22 PM IST
Dilip Shanghvi, Founder and MD of Sun Pharmaceuticals.

Dilip Shanghvi, Founder and MD of Sun Pharmaceuticals.

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India's largest drug maker Sun Pharmaceutical Industries on May 12 announced that it would pay an amount equivalent to 2 years' salary to families of employees who died of COVID-19 in India.

The payout will be minimum of 25 lakh and maximun of 1.2 crore, depending on the employee's salary.

The company also assured that the school/college fees of children of the demised employee will be paid up to their graduation.

The support is applicable to all India-based fulltime employees retrospectively from April 1, 2020.

Sun Pharma has 27,000 full time employees based in India.


COVID-19 Vaccine

Frequently Asked Questions

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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.

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Moneycontrol learned that this support will be over and above the existing group term insurance that covers all its employees in case of death and disability.

An email sent to Sun Pharma spokesperson remains unanswered.
Viswanath Pilla is a business journalist with 14 years of reporting experience. Based in Mumbai, Pilla covers pharma, healthcare and infrastructure sectors for Moneycontrol.
first published: May 12, 2021 06:22 pm
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