How Can We Support a Colleague's Family After a Sudden Loss? Seeking Policy Ideas from India

Dear All,

I am with a USA-based MNC involved in engineering operations in India.

Recently, our Indian CEO passed away after suffering a massive cardiac attack, which has been very shocking for the entire company at a global level.

Since this is a relatively new operation in India, policies like Death Benevolent/Retiral benefits are yet to be formulated. With this shocking incident, the USA management is eager to understand the good policies/practices prevailing in India to extend help to the deceased family in their hour of crisis.

In this context, I am looking forward to responses from fellow colleagues who can share their company's policies, which will help me define our policy.

Please treat this as most urgent as I need to respond to them by this evening.

Regards, ACCHR

Sir,

I have discussed the same with a few HR professionals. Following are two to three options available:

1. One day's salary from each employee, and the same amount is to be added by the management. For instance, if the employee's contribution is 2 lakhs, the company should add an equal amount, totaling 4 lakhs to be given to the family (a practice followed in leading MNCs).

2. A fixed amount, for example, 200/- from each employee and 3 lakhs from the management, with the total amount to be given to the family (a practice followed in a leading Indian bearing manufacturing company).

Regards,
NT