Employee Insurance Plans
Employees are the resource on which the company grows. Hence, protecting your employees is imperative as untoward events can occur anytime with no prior notice. Keeping this in mind, Liberty Videocon brings forth comprehensive employee insurance plans which are designed to protect your employees and you against eventualities of unlikely events occurring at the workplace.
Employees Compensation Policy
This insurance policy covers your legal responsibility towards your employees under the Employees’ Compensation Act, 1923 and its later amendments and also under common law. Under this policy, employees are entitled to receive remuneration in case of bodily injury or death arising from an accident while at work.
Additional facilities like hospitalization costs, medical expenses, transportation costs, etc. can be availed on payment of extra premiums. The premium amount is based upon type of employee, nature of work and sum insured.
There are certain risks which are not covered under this policy; these risks include War and terrorism, any injury or loss due to consumption of liquor or drugs, and self-harming activities among others.