+1-888-308-5802      . .

ICICI to pay for COVID-19 vaccine shots for employees & their families

Author : Pankaj Singh | Published Date : 2021-03-12 

ICICI to pay for COVID-19 vaccine shots for employees & their families

ICICI Bank has reportedly joined the club of companies including TCS, Accenture, and Reliance to supply the COVID-19 vaccine for its employees and their families for free. This initiative to reimburse the costs of the 2 mandated vaccine shots by the financial services company is aimed at ensuring the health and welfare of its employees and their dependent family members against the virus.

According to Mr. T.K. Srirang, ICICI Bank Team’s Group Chief Human Resources Officer, the company is highly appreciative of the consistent efforts showcased by its employees to ensure business continuity even during the coronavirus pandemic. The private sector bank is set to emerge with renewed strength and continue serving the nation with its financial services and banking products. ICICI considers the health and well-being of the employees as well as their families as its utmost priority and will undertake the free-vaccination drive to safeguard each employee against the COVID-19 disease, Mr. Srirang added.

On 16th January 2021, India launched its nationwide vaccine drive and inoculated the frontline workers and healthcare professionals in the first phase. Currently, in the second phase, the nation has covered the elderly people of above 60 years as well as adults of over 45 years with comorbidities to get vaccinated. The COVID-19 vaccine is available at all the government hospitals for free, while the private hospitals will charge up to ?250.

Apart from ICICI Bank, other companies that have committed to deliver free vaccines for their employees & their immediate family members include ReNew Power, TVS Motor Company, Flipkart, Capgemini, and Infosys. For instance, on 5th March 2021, Reliance Industries announced plans to cover the vaccination costs of its employees & their families. For the record, its total employee strength nears 6 lakhs (0.6 million), while the number is expected to reach 1.9 million when the family members are included.

Source credit:

https://www.moneycontrol.com/news/trends/current-affairs-trends/icici-bank-to-bear-cost-of-covid-19-vaccinations-for-employees-and-their-families-6628361.html

About Author

Pankaj Singh . .

Pankaj Singh

Endowed with a post graduate degree in management and finance, Pankaj Singh has been a part of the online content domain for quite a while. Having worked previously as a U.K. insurance underwriter for two years, he now writes articles for fractovia.org and other online portals. He can be contacted at- [email protected] | https://twitter.com/PankajSingh2605

Related News

Bayers new CEO initiates management job cuts to accelerate decision-making

Bayers new CEO initiates management job cuts to accelerate decision-making

Published Date: 2023-09-15         Author: Pankaj Singh

Bayer newly appointed CEO, Bill Anderson, has reportedly unveiled plans to streamline the companys management structure in a bid to expedite decision-making processes. This marks the first step in a broader effort to transform the embattled German company, which has been under pressure from inv... Read More>>

Smurfit Kappa in Merger Talks with WestRock worth $19 Billion

Smurfit Kappa in Merger Talks with WestRock worth $19 Billion

Published Date: 2023-09-08         Author: Pankaj Singh

Smurfit Kappa, a prominent player in the packaging industry, is reportedly engaged in merger discussions with its US counterpart, WestRock. This prospective merger has the potential to create a cardboard box-making powerhouse boasting a market value approaching $19 billion (€17.8 billion). Furt... Read More>>

RBC plans job cuts to take on anticipated economic softening

RBC plans job cuts to take on anticipated economic softening

Published Date: 2023-08-25         Author: Pankaj Singh

The Royal Bank of Canada is reportedly planning to reduce its workforce by approximately 1,800 jobs as part of cost-cutting measures, on account of the anticipated upcoming economic landscape. This decision comes after the country's largest bank surpassed analysts' predictions for the third ... Read More>>

© 2024 Fractovia. All Rights Reserved