Protecting Lives Beyond the Mines! Singareni’s ₹1 Crore Insurance Shields Workers

In a landmark move, Singareni Collieries Company Limited (SCCL) has introduced a ₹1 crore accident insurance scheme for its employees, setting a new benchmark in corporate welfare initiatives. The scheme, implemented in collaboration with State Bank of India, aims to provide financial security to families of employees in case of unforeseen accidents.

 

1. A Model for Employee Welfare

2. First-of-Its-Kind Partnership with Banks

3. Support for Contract Workers

In addition to permanent employees, contract workers are also covered under a separate accident insurance scheme worth ₹40 lakh, ensuring comprehensive protection.

 

4. Recent Beneficiary & Implementation

5. Future Expansion & Industry Impact

SCCL’s initiative is expected to influence other industries, encouraging corporate entities to prioritize employee welfare.

 

The company continues to explore additional benefits and security measures for its workforce.

 

Sources: The Hans India, Telangana Today, News Meter