Latest news with #NBalram
United News of India
18 hours ago
- Business
- United News of India
Singareni sets national benchmark in implementation of Accident Insurance scheme
Hyderabad, June 7 (UNI) As part of employee welfare initiatives and in accordance with the directions of the Telangana government, state-owned Singareni Collieries Company Limited (SCCL) has implemented a Rs one crore accident insurance scheme, which has now become a model for the entire country, said company Chairman and Managing Director (CMD) N Balram. Balram made these remarks through video conference while presenting a Rs one crore accident insurance cheque to Ms Haridevi Vishwakarma, wife of Mool Chand Vishwakarma, an EP Operator from Manuguru, who recently passed away in an accident, by Director (Operations) L V Suryanarayana, Director (Projects, Planning & Personnel) K Venkateshwarlu, and SBI DGM Satyanarayana at an event held at the Kothagudem Head Office on Friday. The CMD noted that the late Mool Chand had a corporate salary account with State Bank of India, making him eligible for the Rs one crore insurance benefits. He explained that Singareni is the first government organization in the country to partner with banks and implement an accident insurance scheme with coverage of up to Rs 1.25 crore—a move that provides strong financial support to families of employees who lose their lives in accidents. He further mentioned that this accident insurance scheme being implemented in Singareni has now been adopted by states such as Assam, Uttar Pradesh and even Coal India Limited. The revolutionary initiative in the insurance sector, he added, was made possible due to the proactive efforts of the state government and the forward-thinking leadership of Singareni. Unexpected accidents can financially devastate a family and to address this, Singareni has arranged accident insurance coverage for all employees holding salary accounts in collaboration with banks. Additionally, he mentioned that similar accident insurance coverage of up to Rs 40 lakhs is also being provided to contract workers. UNI KNR SS
Hans India
2 days ago
- Business
- Hans India
Singareni gives Rs 1 crore insurance cover to employees
Kothagudem: As part of employee welfare initiatives and in accordance with the directions of the State government, Singareni Collieries Company Limited (SCCL) has implemented Rs 1 crore accident insurance scheme, which has now become a model for the entire country, stated SCCL Chairman and Managing Director N Balram here on Friday. He made these remarks through video conference while presenting a Rs 1 crore accident insurance cheque to Haridevi Vishwakarma, wife of Mool Chand Vishwakarma, an EP operator from Manuguru, who recently passed away in an accident. The cheque was handed over the victim's family at the Kothagudem head office on Friday. CMD Balram noted that the late Mool Chand Vishwakarma had a corporate salary account with State Bank of India, making him eligible for the Rs 1 crore insurance benefit. He explained that Singareni is the first government organisation in the country to partner with banks and implement an accident insurance scheme with coverage of up to Rs 1.25 crore—a move that provides strong financial support to families of employees who lose their lives in accidents. He further mentioned that this accident insurance scheme being implemented in Singareni has now been adopted by States such as Assam, Uttar Pradesh, and even Coal India revolutionary initiative in the insurance sector, he added, was made possible due to the proactive efforts of the State government and the forward-thinking leadership of Singareni. The CMD emphasised that while the organisation always wishes for its employees to lead happy and healthy lives, unexpected accidents can financially devastate a family. To address this, Singareni has arranged accident insurance coverage for all employees holding salary accounts in collaboration with banks. Additionally, he mentioned that a similar accident insurance coverage of up to Rs 40 lakhs is also being provided to contract workers.
Hans India
30-05-2025
- Health
- Hans India
Submit proposals for medical equipment: SCCL CMD
Kothagudem: Expressing serious concern, Chairman and Managing Director of Singareni Collieries Company Limited (SCCL) N Balram questioned area hospitals for their negligence in sending timely proposals for required medical equipment. On Thursday, during a review meeting with Area Medical Officers, he instructed that all area hospitals must immediately submit proposals for essential medical equipment and medicines. He warned that during his inspections, no officer should say a certain piece of equipment is unavailable. 'Irrespective of annual plans or schedules, the requirement for medical devices should be identified and proposals submitted without delay,' he said. He stated that doctors and technicians have already been allocated to area hospitals, and the management is ready to provide additional manpower if needed. Despite the ability to treat minor health issues at local hospitals, cases are frequently being referred to Hyderabad hospitals. 'Over the past three years, referral bills have increased from Rs 30 crores to Rs 100 crores,' he pointed out and expressed disappointment that company doctors were not demonstrating their capability. He also informed that efforts are underway to establish a super specialty hospital in Hyderabad.
