Mediclaim InsurancePersonal Accident Insurance

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