The firm said it will pay deceased employees' salaries, housing and medical benefits until what would have been their retirement at the age of 60.
"Tata Steel stands together with a deep sense of loss at the sad demise of its beloved employees during this dreadful pandemic," the company said in a statement.
After detailing the benefits of the firm's "best-in-class social security schemes" the statement concluded by saying that the "Tata Steel family stands stoically with all its people, committed to their security and well-being."
#TataSteel has taken the path of #AgilityWithCare by extending social security schemes to the family members of the employees affected by #COVID19. While we do our bit, we urge everyone to help others around them in any capacity possible to get through these tough times. pic.twitter.com/AK3TDHyf0H
Tata Steel is the latest major employer in India to announce financial support plans for the families of its workers that have lost their lives to Covid-19.