The Singareni Collieries Company Limited (SCCL) has achieved a milestone by providing free accident insurance benefits to its employees, distributing Rs 41 crore to the families of deceased workers over the past two years. Under this scheme, each eligible family receives an insurance payout of Rs 1 crore.
Enhanced Coverage and Record Distribution
As part of its employee welfare initiatives, SCCL has decided to implement an accident insurance scheme providing coverage up to Rs 1.25 crore. In 2024, Singareni became the first organisation to launch such a scheme. Officials stated that the family members of SCCL employee Nagula Santosh, who died in a road accident, received the insurance benefit. Santosh had secured a job in the company on compassionate grounds but died after serving for only 18 months.
Beneficiaries of the Scheme
Another beneficiary is P Latha, wife of the late Ranjith Kumar, who died in an accident while returning after visiting his month-old son. Since Kumar had a salary account with a bank that had an agreement with Singareni, his family received Rs 1 crore under the accident insurance scheme. The cheque was personally handed over by Deputy Chief Minister Bhatti Vikramarka.
The SCCL's initiative underscores its commitment to employee welfare, setting a benchmark in the industry. The scheme not only provides financial security but also demonstrates the company's proactive approach in supporting its workforce and their families during times of crisis.
