Purpose
To cover the employees with personal accident insurance to compensate the dependents for meeting their financial assistance
Applicability
All employees incl. Executive Trainees
Eligibility
Grade | Coverage amount |
---|---|
A1 to D5 & Trainees | Rs.10 lakhs |
S1 to S3 | Rs.15 lakhs |
S4 | Rs.20 lakhs |
Other Policies
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Guidelines
- Company will cover the employees with personal accident insurance as per the table mentioned above
- The coverage will start from the day of joining and will continue until separation
- The employee has to fill the nomination form at the time of joining mandatorily
- This contribution from the employees and the management will be contributed for the respective plants only. The Area office location will come under Hosur plant
- The amount will be paid to the employees nominee as mentioned in the legal heir certificate