Standard Chartered to reimburse Covid expenses of 25,000 employees

Bankers are particularly vulnerable as they have to keep branches open; already over 1,000 bankers have passed away due to the pandemic

Standard Chartered Bank on Tuesday said it will reimburse the medical expenses of its over 25,000 employees in the bank and  the global business services unit and their family members for Covid treatment.
 
Many Indian firms have announced similar schemes for their employees. Bankers, in particular, are vulnerable as the work involves dealing with people on a daily basis. More than 1,000 bankers have already died of Covid, according to the Indian Banks’ Association.
 
The bank said the benefit scheme will cover the employees' parents and parent-in laws for up to Rs 2,50,000 per patient with intensive care