Canara HSBC OBC Life Insurance rolls out group COVID care policy for its employees

The expenses pertaining to COVID hospitalisation, home care treatment, Ayush treatment, pre & post hospitalisation up to 15 & 30 days will be covered in this additional policy.

Indian insurance firm, Canara HSBC Oriental Bank of Commerce (OBC) Life Insurance, has rolled out additional group COVID care policy for its designate employees, catering to the needs of insurance industry employees who are meeting and interacting with customers on a regular basis.

The policy will cover the necessary expenses in case of any medical emergency and can be utilised as and when the employee is detected COVID positive and requires medical attention on immediate basis. The expenses pertaining to COVID hospitalisation, home care treatment, Ayush treatment, pre & post hospitalisation expenses up to 15 & 30 days will be covered in this additional policy.

Commenting on the initiative, Anuj Mathur, MD & CEO, Canara HSBC Oriental Bank of Commerce Life Insurance said: "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."

Kiran Yadav, Chief People Officer, Canara HSBC Oriental Bank of Commerce Life Insurance added: "Looking at the severity of COVID situation across the globe, it becomes our responsibility to extend the 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."

Established in 2008, Canara HSBC Oriental Bank of Commerce Life Insurance is a joint venture between Canara Bank (51%), HSBC Insurance (Asia Pacific) Holdings Limited (26%) and Punjab National Bank (23%). Headquartered in Gurugram, the company has branch offices pan-India. 

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