Home / Knowledge / News / Textiles / TEA launches insurance schemes for textile labourers
TEA launches insurance schemes for textile labourers
17
Mar '17
Tiruppur Exporters' Association (TEA) has announced that on behalf of its Consortium Purchase subcommittee, with the payment of Re 1 per day, insurance coverage of Rs 1,00,000, has been launched through the scheme 'Mediplus 365', a new medical insurance scheme first time in India. This scheme will benefit textile labourers working in TEA's member companies.

The scheme will be executed by Edelweiss Insurance Brokers Ltd, Mumbai through New India Insurance Company, said TEA in a press release. The insurance company will take care of the medical expenses of the labourers and apart from this, an accident coverage of Rs 1,00,000 is also available to every insured labourer.

TEA has empanelled four insurance brokers, Edelweiss Brokers Ltd, Zeal Insurance, Om Maruthi Insurance and Indian Insurance Broking to analyse the existing general insurance policies, viz fire accident, flood, marine, stock and machinery breakdown taken by the TEA members. Based on the advice given by the concerned insurance brokers, the members of TEA can restructure their premium amount and coverage. It would help the units to rectify the issues and the template has been designed to suit Tirupur units. This would help to remove the deficiency occurred due to less knowledge on the insurance.

Raja M Shanmugham, president of TEA has appealed to the members of the association to utilise both schemes and get benefit out of it. (KD)

Fibre2Fashion News Desk – India


Must ReadView All

Textiles | On 23rd Aug 2017

US govt initiates Section 301 investigation of China

The US government has initiated an investigation of China under...

Apparel/Garments | On 23rd Aug 2017

BRC welcomes clarity on goods flow during Brexit

British Retail Consortium (BRC) has welcomed the greater clarity that ...

Textiles | On 23rd Aug 2017

Pakistan minister seeks ideas to boost textile sector

The Pakistani Government will come out with short- and long-term...

Interviews View All

Deepak Jain
Baggout

We are using Facebook and Instagram to promote ourselves

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

August 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
67.7%
No
16.1%
Skip
16.1%

Total Votes: 31

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
45.2%
No
35.5%
Skip
19.4%

Total Votes: 31

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
83.9%
No
6.5%
Skip
9.7%

Total Votes: 31

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
61.3%
No
9.7%
Skip
29.0%

Total Votes: 31


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search