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

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 years,” the company said in a statement.