Oyo announces bereavement policy for Covid-19-impacted staff and families

Eight months' pay in full to family of deceased, term insurance payout equalling three years' annual pay, education support for children, medical cover for survivors

In another step towards supporting its employees and their families affected by the ongoing second wave of Covid-19, Oyo on Wednesday announced welfare benefits as part of its bereavement policy.

"In the unfortunate event of the death of an employee due to Covid-19, the company will support the family of the deceased with eight months pay in full and a term insurance payout which equals three years of their annual pay. Oyo will also sponsor the education of the employee’s children (upto two) and extend medical coverage of upto 3 lakhs for the spouse and children for a period of 5