SCCL disburses ₹41 cr in accident insurance benefits

Hyderabad: The Singareni Collieries Company Limited (SCCL) has set a record by providing free accident insurance benefits to its employees, with Rs 41 crore already distributed to the families over the past two years.

Under the scheme, each eligible family receives an insurance payout of Rs 1 crore. As part of employee welfare initiatives, the SCCL has also decided to implement an accident insurance scheme providing coverage up to Rs 1.25 crore. Singareni became the first organisation to launch the scheme in 2024.

Officials said that the family members of SCCL employee Nagula Santosh, who died in a road accident, received the insurance benefit. Santosh had secured a job in the company on compassionate grounds but died after serving for only 18 months.

Another beneficiary is P Latha, wife of the late Ranjith Kumar, who died in an accident while returning after visiting his month-old son. As Kuman had a salary account with a bank that had an agreement with Singareni, his family received Rs 1 crore under the accident insurance scheme. The cheque was personally handed over by the deputy chief minister Bhatti Vikramarka.