Hi,
Still I would suggest not to recover the hospital expenses. For a company which have employed 10000 work force this should be possible.
Alternatively you may pass a circular for contribution among all employees (voluntary contribution and not compulsory). Employer may also contribute some money on humanitarian basis. After adjusting the expenses the balance contribution may be issued the nominee of the employee. However, total amount of contribution received, employer contribution, hospital expenses adjusted, balance paid to the employee family should clearly displayed in notice board as a statement.
I suggest when you have such huge work force, you can recommend your employer about applying for term insurance and Personal accident Policy for all the employees . Either employer may contribute for the total premium or partially recover from the employees ( only after discussion and concurrence from the employees).
So in case of any natural death or death due to accident Insurance company will pay the coverage amount to the family. So employer's responsibility and risk will be less.
for term insurance the monthly premium will be very less for good coverage. Check with any insurance consultant for Group Term Insurance and Group Personal Accident Policy. Arrive at the cost factor and submit a report to the Management for consideration.