Canara HSBC OBC Life Insurance offers additional health cover for staff


Indian life insurance firm, Canara HSBC Oriental Bank of Commerce Life Insurance, has rolled out additional Group COVID Care Policy for its designate employees for their wellbeing and safety. With most employees in the insurance space having to meet and interact with customers regularly, there is increased risk of contracting the virus.

The new policy will not only provide the required motivation to the employees, but also help them to meet any emergency medical expenses that may during these hard times. The policy can be used whenever the employees test positive and require medical attention, treatment or hospitalisation. This additional policy will cover all expenses incurred on COVID-related hospitalisation, treatment at home , Ayush treatment, pre- and post-hospitalisation expenses up to 15 and 30 days, respectively.

This policy has been specially launched to “ protect our employees in these unprecedented times”, said Anuj Mathur, MD & CEO, Canara HSBC Oriental Bank of Commerce Life Insurance.

Kiran Yadav, chief people officer, Canara HSBC Oriental Bank of Commerce Life Insurance emphasised that it is the organisation’s “responsibility to extend the best possible care to our workforce.” She believes that the COVID care policy for designate employees will “empower them to take more considered decisions and continue their efforts on the work front.”

Canara HSBC Oriental Bank of Commerce Life Insurance Company, which came into being about 12 years ago, is a joint venture between Canara Bank, HSBC Insurance (Asia Pacific) Holdings and the Punjab National Bank. The Gurugram-headquartered company, which has branch offices pan India, caters to customers through over 20,000 bank branches of its partners.

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