|Till date the Management has daimed and LIC has released an amount of Rs. 14,675,000/- in favour of 39 number of eligiable legal heires of the deceased employees @ Rs. 62,000/- each.
GROUP SAVING LINKED INSURANCE SCHEME
Under this Scheme, death daim of Rs. 13,00,000/- has been settled by LIC of India and the amount has been released in favor of the eligible legal heirs of deceased employees up to August, 2006.
GROUP PERSONAL ACCEDENT INSURANCE
Under this Scheme through Oriental Insurance Company Ltd has been released an amount of Rs. 43,00,000/- in favor of the eligible legal heirs of 13 Nos. ( 2 Executives and 11 un executives) deceased employees @ Rs. 5,00,000/- and Rs. 3,00,000/- respectively up to August 2006.
Now United India Insurance Company has been renewed for a period from 17.15 Hrs. at 23.02.2006 to 26.02.2007.