Please share your views about mediclaim policies, how these policies work, and how employees could benefit

Dear All, I am working in an upcoming manufacturing industry. Presently, we are in the construction phase. The area where this industry is located is not covered under ESI. Presently, we do not have any provision for providing insurance coverage to the employees. Please suggest to me what kind of insurance coverage we can provide to our employees as a welfare measure and what the financial implications would be for providing such coverage.
Also, please share your views about mediclaim policies, how these policies work, and how employees could benefit from these policies.

Dear Vijay Shankar,
If your unit is not covered under the ESI Act, than the workman's Compensation Act is applicable on your unit.
You can go for the unnamed Insurance policy under the Workman's Compensation Act.
In this Policy you have to give the maximum number of the workman's to be employed and their wages to the Insurance Company for the purpose of the coverage.

Dear vijay shankar
you go for unnamed insurance policy to cover workman compensation and also
personal accident insurance policy. The perosnal accident insurence policy can be taken
in individual name. This will take care of hospital expenses.
Retgards,
venkatachalapathi

Dear All,
I am working in an upcoming industry we are not covered under ESI and also there is no provision of providing any insurance / health cover to the employees. In case of a mis happening (death or severe injury to any employee working at work site) what should be our course of action as HR and what is to be done to provide immediate relief to the family of deceased. PLEASE GUIDE ME ITS URGENT.
Regards,

Dear vijay
ESI can not be made applicable in construction phase.pls take mediclaim from oriental insurance and now a days so many company has come in this field from private sector like tata AIG,ICICI.
tks&regards
j s malik

Dear Malik,
Thanks for your valuable suggestion. I will certainly go for that. One doubt the cost of premium will be deducted from the salary of employees or it should be done by the employer. Please tell me.
Regards,

It depends upon your management's policy. By the way premium is not a very huge amount.
Under the Compensation Act, it is duty of the Principal Employer to provide the Insurance coverage.