With the objective of securing its frontline workers against health emergencies, state-owned Indian Oil Corporation (IOC) has renewed insurance cover for petrol pump attendants and LPG delivery boys. In a statement, the corporation will not only renew medical insurance for frontline workers, but will also continue to voluntarily provide assistance to the family of the deceased.
In order to support its frontline workers, IOC has renewed the Indian Oil Karma Yogi Swasthya Bima Yojana right from May 1, 2021. As per reports, more than 3.3 lakh retail outlet customer attendants, LPG delivery boys, tank truck crew, security guards at pipelines across the country will be able to avail this insurance. These personnel are always at the forefront to provide uninterrupted energy supply, despite the pandemic.
The personnel, along with their spouse and two children will be covered under this insurance. They can claim up to Rs 11 lakh for expenses on hospitalization and Covid-related diseases. In case of any accidental death, the family will receive a compensation of Rs 2 lakh.
As per the IOC, the Karma Yogi Swasthya Bima Yojana was launched in March 2020 with the objective of providing protection to the field force, who are going face-to-face with the pandemic to fulfill the fuel needs of the country.
In FY 2020-2, the corporation provided medical assistance to almost 300 employees who required hospitalization. It also provided financial compensation to the families of 14 patients who died.
Additionally, if the employees lose their lives to Covid-19, IOC will provide an ex-gratia Covid-19 insurance cover of Rs 5 lakhs to the next of kin of the deceased.
As per the statement, in the FY 2020-21, all 23 families requiring this assistance received the ex-gratia compensation.
