News: Bank employees to get health insurance

Compensation & Benefits

Bank employees to get health insurance

State-run general insurance companies could face a windfall of Rs. 1600 crores business a year following the agreement between the IBA and the bank unions affecting over 10 lakh staffers. From now on, banks will buy health insurance cover from one of the state-run general insurance companies instead of reimbursing medical expenses of staff as part of their expenses.

State-run general insurance companies could face a windfall of Rs. 1600 crores business a year following the agreement between the IBA and the bank unions affecting over 10 lakh staffers. From now on, banks will buy health insurance cover from one of the state-run general insurance companies instead of reimbursing medical expenses of staff as part of their expenses.

Read the Economic Times news report here.

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Topics: Compensation & Benefits, #Trends, #National

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