Clarification on Employee Insurance
I just want clarification on employee insurance. My company has made a provision of Rs. 1 Lakh/emp/annum. Whoever doesn't come under ESI is covered in this policy. So, is it again mandatory to have third-party insurance? What does the labor law say about employee insurance, and where can I get proof of the document to say that it is mandatory to have third-party insurance for employees? Also, should management be included in the group insurance?
TIA - Expecting expert advice in this regard.
From India, Bengaluru
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I just want clarification on employee insurance. My company has made a provision of Rs. 1 Lakh/emp/annum. Whoever doesn't come under ESI is covered in this policy. So, is it again mandatory to have third-party insurance? What does the labor law say about employee insurance, and where can I get proof of the document to say that it is mandatory to have third-party insurance for employees? Also, should management be included in the group insurance?
TIA - Expecting expert advice in this regard.
From India, Bengaluru
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Dear Miss Divya,
Can you please elaborate on your statement that your company has made a provision of Rs 1 lakh per annum to ESI-excluded employees? What are the terms and conditions of payment? Please also furnish details of payments made to your employees till date. Additionally, could you explore the possibility of introducing a group hospitalization scheme with accident benefits, etc.?
Thank you.
From India, New Delhi
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631Can you please elaborate on your statement that your company has made a provision of Rs 1 lakh per annum to ESI-excluded employees? What are the terms and conditions of payment? Please also furnish details of payments made to your employees till date. Additionally, could you explore the possibility of introducing a group hospitalization scheme with accident benefits, etc.?
Thank you.
From India, New Delhi
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Kerala HC- employee entitled to higher amt if recd from insurance co 18092017.pdf
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