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Canara HSBC OBC Life Insurance rolls out additional health cover for employees amid COVID-19

Posted On: 2020-09-29 05:48:26


Canara HSBC Oriental Bank of Commerce Life Insurance, one of the India's leading life insurance firms, has rolled out additional Group COVID care policy for its designate employees amid COVID-19 for their wellbeing and safety. Understanding the dire need of situation when most of the Insurance industry employees are meeting and interacting with customers on a regular basis, the Company has come forward and implemented one of the unique initiatives within life insurance industry to safeguard employee health and wellbeing.

The initiative will motivate employees and at the same time provide them the confidence to meet any financial exigency during these hard times. The policy will cover the necessary expenses in case of any medical emergency and can be utilized as and when the employee is detected COVID positive and requires medical attention on immediate basis. The expenses pertaining to COVID Hospitalization, Home care treatment, Ayush Treatment, Pre & Post hospitalization expenses up to 15 & 30 days will be covered in this additional policy.

Commenting on the initiative, Mr. Anuj Mathur, MD & CEO, Canara HSBC Oriental Bank of Commerce Life Insurance says: - "Employee wellbeing & safety has always been our priority since inception and given the nature of our business, the Company has taken this measure to protect our employees in these unprecedented times."

Adding to MD and CEO, Ms. Kiran Yadav, Chief People Officer, Canara HSBC Oriental Bank of Commerce Life Insurance says: - "Looking at the severity of COVID situation across the globe, it becomes our responsibility to extend best possible care to our workforce. Rolling out COVID care policy to designate employees will empower them to take more considered decisions and continue their efforts on the work front.

Shares of CANARA BANK was last trading in BSE at Rs.89.45 as compared to the previous close of Rs. 91.05. The total number of shares traded during the day was 483893 in over 3133 trades.

The stock hit an intraday high of Rs. 91.95 and intraday low of 87.55. The net turnover during the day was Rs. 43185835.


Source: Equity Bulls

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