Volvo Car India Provides Term Insurance Coverage to Dealer Employees

Volvo Car India said on Friday it had covered all employees at its dealerships under a term insurance policy of up to Rs 10 lakh following the second wave of the coronavirus pandemic.

Stating that one of the main concerns during this pandemic has been the plight of a family losing their breadwinner, the company said it is addressing this concern and will bear the cost of the premium and has taken out the temporary insurance for all staff employed in its 25 dealerships. across India.

“As part of this initiative, in the unlikely and unfortunate event of the death of an employee of a dealership due to COVID-19, the employee’s family will receive compensation of up to Rs 10 lakh”, Volvo Car India said in a statement.

Commenting on the initiative, Volvo Car India Managing Director Jyoti Malhotra said that since dealer employees are usually the first interface Volvo customers have with the company, they play a crucial role in customer satisfaction.

“For us, they are an integral part of our team and therefore the company has a responsibility to them, especially in these unprecedented times. Although we hope and pray that there is no payment under this initiative is certainly a heartwarming hope for those in our concession ecosystem, ”added Malhotra.

Volvo Car India further said it had previously announced the “contactless program” to protect its dealership employees from the spread of COVID-19 and promote online sales. The company receives more than 50 percent of customer inquiries through online platforms.

(Only the title and image of this report may have been reworked by Business Standard staff; the rest of the content is automatically generated from a syndicated feed.)

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Justin D. O'Neill