COVID-19 : Banks be advised to go for comprehensive group insurance cover for staff : AIBEA urges Centre

Hyderabad, Apr 4 (GCBusiness) All India Bank Employees’ Association (AIBEA) has urged the Union Government that Banks may be advised to go in for a comprehensive group Insurance cover as its staff are also facing risk to their health and life during the next three months due to Coronavirus threat.

In a letter to Mr Debasish Panda, Secretary, Department of Financial Services, Ministry of Finance, Government of India, New Delhi on Friday, a copy of which was e-mailed to UNI on Saturday, AIBEA General Secretary Ch Venkatachalam said as a welfare measure, Finance Minister Nirmala Sitharaman had recently announced that all the medical, para medical and other frontline workers and connected staff, who are on duty during this period, will get an insurance cover of Rs 50 lakh for 3 months.

Since bank staff are also facing the same kind of problem and risk possibilities, Banks may be advised to go in for a similar comprehensive group insurance cover against risk to health and life during the next three months, he said.

Mr Venkatachalam said due to the bank employees and officers working in the Branches are involved in physical contact with customers, and in case they develop some symptoms and are advised to be on quarantine for 14 days, such absence be treated as ‘special leave’.

Similarly, if any bank employee/officer gets the corona infection due to working in the Branches and needs to be hospitalized, the period of hospitalization be treated as special leave and their hospitalization expenses are covered from the existing Group Medical Insurance Scheme, he added.

We (AIBEA) shall thank you if these issues are considered and necessary guidelines are issued to the Banks, the top union leader said.

Via UNI-India

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