Alembic Pharmaceuticals announces financial aid up to 50 lakhs for their employees who passed away in Covid.

The employees create a benevolent fund for their late colleagues

Vadodara (Gujarat) [India], May 17: When it comes to Employee welfare with Alembic Pharmaceuticals Ltd it is not just the employer but also the employees who have started a Benevolent Fund and are contributing generously for their departed team members who passed in this second wave of Covid.

The Management of the 114-year-old Alembic Pharmaceuticals Ltd has announced Financial Aid of between 15 lakhs to 50 lakhs to their deceased employees, which is over and above all other benefits applicable. Talking to the media, Mr. Pranav Amin, Managing Director of Alembic Pharmaceuticals said that, the company has always fostered the feeling of Alembic Parivaar. We are deeply saddened by the loss of some of our family members due to the Covid-19 pandemic. The company has decided to support the bereaved family members with financial assistance apart from the existing benefits. We have announced financial aid of a minimum INR 15 Lacs maximum up to INR 50 Lacs for the deceased team members’ family. While we cannot compensate for the loss suffered by the families, we hope that this benefit will help them to rebuild their lives. As we remain committed to the safety and wellbeing of our employees and their families, I strongly urge everyone to take the utmost precaution and safeguard themselves.

Seeing the gesture initiated by the company, the employees of the Alembic group have also come forward and formed an Employee Benevolent Fund, where employees are contributing in the form of either cash or their earned leaves for the team members they have lost. Employees have contributed towards the benevolent fund for individual employees who have passed away due to Covid-19. Employees are generously supporting all, irrespective of whether they know the deceased member or not and irrespective of the professional level of their colleague. These contributions are voluntary and discreet. The funds are accumulated and directly transferred to the legal heirs.

Talking to the media, the HR spokesperson confirmed that the organisation has added a Covid-19 cover for all employees, in addition to the existing mediclaim policy, the cost for which is borne by the company. Also, in the unfortunate event of an employee losing his life, the company’s Financial Aid is a major solace, which is in addition to the EDLI of around 7L, gratuity which is calculated up to the retirement date of 58years, contributions from the Benevolent Fund, plus other statutory benefits.

To give a broad idea, the bereaved family of a junior employee on an annual salary of around 3L will also receive as per the above benefits offered, anything between 25 – 30 L.

This is a testing time for everyone. Many of the staff have been personally impacted by the pandemic and/or have had their family members getting impacted.

Some of the staff has even had to bear personal losses/ loss of colleagues.

During such times, it is only natural to occasionally feel a little low. Due to the same Alembic has engaged a clinical psychologist, whom all Alembians can reach out to, should the employees feel the need. The psychologist has special experience in supporting individuals with stress, anxiety, depression, grief and bereavement-related concerns. The psychologist has been requested by the company to keep the discussions and calls confidential. The psychologist shouldn’t share name or any details with the company management too. The psychologist can be contacted all 7 days of the week between 08 am to 9 pm.

Leave a Reply

Your email address will not be published. Required fields are marked *

National

BEVU BELLA UGADI (Ugadi Pachadi in Karnataka)

Read Time:1 Minute, 2 Second Banglore (Karnataka) [India], March 23: Bevu Bella literally means neem leaves and jaggery and is a preparation made on the occasion of the auspicious Kannada new year. Pavithra Halkatti, Businesswoman, Lawyer, Educationist & Philanthropist, share her recipe for the occasion. “The ingredients used in Bevu Bella Ugadi symbolise different emotions/experiences – […]

Read More
National

Sree Metaliks’ SAANCHI Initiative Launches Mission to Improve Women’s Health and Expand Menstrual Hygiene Awareness in Odisha

Read Time:2 Minute, 30 Second New Delhi (India), March 21: Draupadi Devi Welfare Organization, a non-profit affiliated with Sree Metaliks, inaugurated its training centre, SAANCHI. This aims to empower women, differently-abled people, and underprivileged populations through education, skill development, and job opportunities. SAANCHI’s mission is to raise health and hygiene awareness by providing high-quality sanitary pads […]

Read More
National

CR Patil and Rashmi Saboo promote the financial empowerment of 100 girls with Sukanya Samriddhi Yojana accounts

Read Time:1 Minute, 11 Second Surat (Gujarat) [India], March 18: The city-based Preksha Seva Foundation celebrated Gujarat Pradesh BJP President CR Patil’s 69th birthday by opening Sukanya Samriddhi Yojana accounts for about 100 girl children. Preksha Seva Foundation, a non-profit organisation in Surat, commemorated the birthday of BJP President CR Patil by spreading the light […]

Read More