Coal India will be providing accidental insurance cover of Rs 1 crore to employees on its rolls, while for contractual workers, the amount is Rs 40 lakhs. Additionally, the employees’ families will now get Rs 25 lakh ex-gratia payment in case they lose their lives in a mine accident. This amount was earlier Rs 15 lakhs and has been raised with effect from 17 September 2025.
Union Minister G Kishan Reddy reportedly shared these increased covers recently emphasising that the Indian government is working to ensure that the country remains less dependent on coal imports. The country reportedly managed to save Rs 60,000 crore in 2024 by reducing coal imports.
Earlier this year, Coal India, which is probably the largest coal producer in India and a key contributor to the country’s energy sector had revealed plans to reduce the average age of its employees from 47 to 40 years over the next few years. This was part of a consistent recruitment strategy that aims to see young talent across its operations.
In June it was reported that every year, Coal India hires around 1,000 engineers, management graduates and professionals from various domains. This practice has already brought down the average employee age to 43 over the last four years. Now, the goal is to bring the average age further down to 40 by 2030.