The company has also introduced best-in-class term life insurance policy for employees
Vedanta, to ensure the health and well-being of its employees, has launched a mega vaccination drive across its locations to cover all employees, their families, and business partners. More than 1.2 lakh people will be vaccinated under the program.
So far, the company has received 50,000 doses of the vaccine. Vedanta is procuring an additional 2 lakh doses to complete the inoculation plan, which covers business partners, along with family members.
The company is spending around Rs 12.6 crore to procure vaccines in bulk.
“Our vaccination drive will ensure 100 per cent of our people are inoculated. We stand firmly with the central and state governments in contributing towards the country’s vaccination program,” said Vedanta Chairman Anil Agarwal.
The company has also introduced a best-in-class term life insurance policy with world-wide coverage for all executives across the group. It provides financial security for the dependents of the employees in the unfortunate event of death. The policy is in addition to Mediclaim and Group Personal Accident insurance policies which are currently provided to support the employees in emergencies.
It provides coverage of five times the fixed pay of employees which is equivalent to the annual salary for 5 years.