Hyderabad: Singareni Collieries Company Limites has chosen to provide all of its employees with accidental insurance worth Rs. 1 crore. N Balaram Nayak, the recently appointed CMD of collieries, prioritised worker safety and security.
He made a bold move to provide Rs. 1 crore of accidental insurance without removing a single penny from workers' salaries. Union Bank of India will give free insurance for customers who have accounts with the bank.