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

Respresentatives of over 30 Chinese companies in a meeting with officials of Kazakh Invest National Company; Courtesy: primeminister.kz

Textiles | On 17th Aug 2018

Kazakh-China cooperation in textiles explored in Astana

China and Kazakhstan have immense potential to cooperate in textiles...

Courtesy: Pexels

Textiles | On 17th Aug 2018

AWEX EMI closes at highest ever level of 2116ac clean/kg

The Australian Wool Exchange (AWEX) Eastern Market Indicator (EMI)...

Courtesy: VF Corporation

Apparel/Garments | On 17th Aug 2018

VF Corporation shifting global headquarters to Denver

VF Corporation, one of the largest apparel, footwear and accessories...

Interviews View All

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Priyanka
Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Rajat Jaipuria

Activewear brand Soul Space promotes organic cotton farming and...

Urmil Arya

Sushila International, a well established textile organisation established ...

Siddhachakra Weaving (Badiya Fashion)

Ahmedabad-based Siddhachakra Weaving Pvt Ltd was established in 2011 under ...

Davide Vigano
Sensoria

Sensoria is a leading developer of smart garments and IoMe (Internet of...

Dave Rousse
INDA

INDA, the Association of the Nonwoven Fabrics Industry, serves hundreds of ...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

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

Leave your Comments


August 2018

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

news category


Related Categories:

Advanced Search