GJEPC to Launch Group Health Insurance Scheme

Nirav Bhansali

Mumbai: The Gem & Jewellery Export Promotion Council will launch a major new CSR initiative on March 1, 2015 – a Group Health Insurance Scheme under which member companies can enroll their employees and employees’ families at very attractive rates.

The aim is to cover 50,000 employees within this financial year and gradually ensure that the scheme is extended to the entire workforce across the industry. The scheme is being launched in association with Edelweiss Insurance Brokers Pvt. Ltd and policies will be provided by National Insurance Company Limited. They were selected after evaluating the proposals received from a number of others in the field.

Both are well established players with a long history and extensive operations and networks. The Council team has worked with these agencies to create a flexible scheme with different options related to family size, nature of benefits etc. Not only are the premiums very affordable, as per the agreement with Edelweiss, GJEPC will pay 25% of the amount and the remaining 75% will be borne by the participating member company.

The scheme would be simultaneously launched in the state of Gujarat & Maharashtra as part of Phase I. Upon its successful completion, Phase II will be implemented in states like Delhi, Kolkata, Chennai and other clusters of the G & J industry.

Nirav Bhansali, pioneer of the project, says, “Our goal is to provide all the workers with a good Mediclaim facility and we hope that all companies will support this initiative. It is the best way of showing our respect, admiration, and support for our artisans and workers.”

KW: GJEPC, Health Insurance, The Gem & Jewellery Export Promotion Council will launch a major new CSR initiative on March 1, 2015 – a Group Health Insurance Scheme under which member companies can enroll their employees and employees’ families at very attractive rates. The aim is to cover 50,000 employees within this financial year and gradually ensure that the scheme is extended to the entire workforce across the industry.

The scheme is being launched in association with Edelweiss Insurance Brokers Pvt Ltd and policies will be provided by National Insurance Company Limited. They were selected after evaluating the proposals received from a number of others in the field. Both are well established players with a long history and extensive operations and networks.

The Council team has worked with these agencies to create a flexible scheme with different options related to family size, nature of benefits etc. Not only are the premiums very affordable, as per the agreement with Edelweiss, GJEPC will pay 25% of the amount and the remaining 75% will be borne by the participating member company. The scheme would be simultaneously launched in the state of Gujarat & Maharashtra as part of Phase I. Upon its successful completion, Phase II will be implemented in states like Delhi, Kolkata, Chennai and other clusters of the G & J industry. Nirav Bhansali, pioneer of the project, says, “Our goal is to provide all the workers with a good Mediclaim facility and we hope that all companies will support this initiative. It is the best way of showing our respect, admiration, and support for our artisans and workers.” More details about the scheme are available at Booth No. LS J 013B at Signature.

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