We have employees under various categories, designations and salary levels. A person whose salary is upto Rs.7500/- are covered under ESIC. In addition to the above, what additional insurance cover we should have, to cover all possible eventualities involving the staff to protect Company's interest by way of payment of compensation in case of accidents, while on duty. Please advise the need to take Workmen Compensation Cover, Personal Accident Cover for various category of employees.
To give you few examples:
1. A person drawing a salary of Rs. 8,000/- will not be covered under ESIC. Should we take a Workmen Compensation, personal Acccident for this person ?
2. Similarly, an Accounts Executive drawing salary of Rs. 5,000/- who is covered under ESIC, should we take a Workmen Compensation, Personal Accident for this person?
3. Manager drawing salary of Rs. 35,000/-, should we take Workmen Compensation & Personal Accident ?
Hope the above is clear.
Await your reply soon as these policies are due for renewal.
22nd November 2005 From India, Mumbai
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