Bank of Baroda announces Rs 50 lakh Covid ex gratia cover for employees
State-run Bank of Baroda (BOB) has announced an ex gratia cover of Rs 50 lakh for its employees in the event of death due to Coronavirus disease, the bank has said in a tweet. While the PSU bank offers Rs 20 lakh Group Life Insurance cover to its employees, it has added additional Rs 30 lakh that will go to the dependents of the employee in the event of a death
Banking services have been categorised as essential services and the banks have been functioning since the nationwide lockdown was put in place from 25 March 2020. Source: BOB Twitter Handle