Oriental Insurance Company Limited issued circular
Chennai, July 22 (IANS)| Employees of four government-owned non-life insurance companies, who die due to COVID-19, will be paid an ex-gratia amount of Rs 10 lakh to their nominees. A top leader of the General Insurance Employees All India Association (GIEAIA) said this. Oriental Insurance Company Limited, one of the four insurance companies, on Thursday issued a circular announcing a one-time ex-gratia payment of Rs 10 lakh to the nominee of employees who died of COVID-19.
The insurer also stated that it will reimburse 100% of the medical expenses remaining under the Staff Group Mediclaim Policy for the treatment of the employee/spouse/dependent children and parents. The insurer said this benefit would be different from the existing ex-gratia medical relief scheme for certain specific ailments. According to the insurer, the benefit will be payable to those who were suffering from COVID-19 after its outbreak in 2020 and it is applicable to those who may suffer in future.
GIEAIA general secretary K. “The benefit will be applicable for all four state-owned non-life insurance companies – The National Insurance Company Ltd., The New India Assurance Company Ltd., The Oriental Insurance and The United India Insurance Company Ltd.,” Govindan told IANS.