Archive · 17 Sep 2025
Coal India, Hindustan Copper Roll Out Insurance for Employees
Coal India and Hindustan Copper Ltd are giving their employees more financial protection.
Regular employees at Coal India will receive Rs 1 crore in case of accidents, with contract workers receiving Rs 40 lakh.
HCL's regular employees also get Rs 1 crore, and their contractors get Rs 20 lakh.
Coal India has also increased the amount of money given to families if there is a mine accident fatality from Rs 15 lakh to Rs 25 lakh.
This initiative ensures more financial safety net for workers and their families.
Coal India announced Rs 1 crore accident insurance for regular employees and Rs 40 lakh for contract workers.
Hindustan Copper Ltd (HCL) introduced Rs 1 crore insurance for regular employees and Rs 20 lakh for contract workers.
Coal India increased ex gratia payment for mine accident fatalities from Rs 15 lakh to Rs 25 lakh.
The initiatives were launched under the Corporate Salary Package.
New uniform was also launched to promote a shared identity among Coal India employees.
- Who
- Coal India and Hindustan Copper Ltd (HCL) employees
- What
- New insurance policies and increased ex gratia payments
- When
- Announced on Tuesday
- Where
- Coverage for employees nationwide
- Why
- To enhance financial security and support employees
- Coverage Amounts
- Rs 1 crore for Coal India regular employees; Rs 40 lakh for Coal India contract workers; Rs 1 crore for HCL regular employees; Rs 20 lakh for HCL contract workers
- Ex Gratia Increase
- Rs 15 lakh to Rs 25 lakh for mine accident fatalities
- Companies Involved
- Coal India, Hindustan Copper Ltd (HCL)
- Partners
- 10 public sector banks, Chhattisgarh State Gramin Bank, and State Bank of India
- Employee Count (Coal India)
- 2.15 lakh regular, 44,000 contract