The Bhopal Municipal Corporation has decided to come out with unique group insurance scheme for the daily-wage employees who are working in two categories- 89 days and 25 days.
The scheme is in final stages and it would be implemented soon. The decision is being taken after long discussions with the insurance companies.
On Wednesday, BMC Commissioner Vishesh Garhpale discussed regarding the group insurance with the representatives of SBI life while on Thursday representatives of New India Insurance, SBI life Insurance and lIC met the commissioner Garhpale.
BMC Commissioner Garhpale wanted policies with low premiums and high compensation in case of normal and accidental death to the low paid daily wage workers. He was also interested in policy which would help the employees during serious diseases and illness.
Earlier Commissioner Garhpale had discussed the group insurance with the representatives of employee unions and the unions demanded policy with low premium which was accepted by the commissioner.
The insurance companies have submitted their proposals with the BMC and the decision would be taken soon.
There are around 1700 employees in the category of 89 days while 4200 employees in the category of 25 days. The total numbers of employees which are to be covered under group insurance are 5900.
Policy having a sum assured of Rs 1 lakh with a premium of maximum of Rs 200 per month per person covering normal death and accidental death and Rs 50000 for serious illness and disease for the employee is being searched by the BMC and the same has been conveyed to the insurance companies
Additional Commissioner Sanjay Kumar, Additional Commissioner JP Mali, Deputy Director Finance DS Hada were present during the meeting.