SBI,Canara Bank and United India to reimburse Covid vaccine cost
By
Venkatachari Jagannathan ( IANS) |
Published on
Sat, Mar 6 2021 13:03 IST |
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SBI,Canara Bank and United India to reimburse Covid vaccine cost. Image Source: IANS News
Chennai, March 6 : Government owned two banks and a general insurance company has decided to bear the Covid-19 vaccination cost incurred by employees and their dependents who are 45 years of age with co-morbidities.
While the two banks - State Bank of India (SBI) and Canara Bank - will reimburse the cost of vaccination - Rs 250 per dose per head - incurred by their employees who are above 45 with co-morbidities and their dependents.
In its circular, United India has also pointed out that at government hospitals, the vaccination is done free of cost and urged the employees to get their jab done there.
Meanwhile, the unions in the general insurance sector are urging the other three government companies - National Insurance Company Ltd, Oriental Insurance Company Ltd and New India Assurance Company Ltd - to follow United India s example.
Read more about LIC employees protest against Centre s disinvestment proposal, oppose move on Business Standard. The Budget proposals for 2021-22 on Monday put Rs 1.75 trillion as a target from stake sale in public sector companies and financial institutions
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LIC employees protest against Centre s disinvestment proposal
Life Insurance Corporation (LIC) employees on Tuesday protested against the government s proposal of disinvestment of the corporation in Coimbatore. During the Union Budget on Monday, Finance Minister Nirmala Sitharaman said that the initial public offering of LIC will be brought in through requisite amendments in the session itself.
Talking about the Centre s proposal, a protester told ANI, The government has announced in the budget that the FDI in the insurance sector will be increased from 49 to 74 per cent. Simultaneously the government also declared disinvestment of LIC shares in the Indian stock market. On behalf of the All India Insurance Employees Association, we oppose and condemn the move by the Government of India (GOI). The government proposed to generate 1.75 lakh crores during this year by selling the shares of the public sector. It is against the will of the people.