ANNUAL REPORT - Dc Msme

Annual Report
2010-11
Chapter -VII Coir Board
the Coir Board w.e.f. 01.12.1998 and
is being renewed every year. The
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compensation payable under this
Scheme is given in the Table below:
TABLE 7.7: Compensation payable under ‘Coir Worker’s Group Personal
Accident
Insurance Scheme’
Sl.
No.
Incident Amount Payable
1 Accidental Death Rs.50,000
2 Permanent Total
Disability
(a) Loss of two limbs/
two eyes
(b) Loss of one limb and
one eye
3 Permanent Partial
Disability
(a) Loss of one limb/one
eye
(b) Provision for finger
cut
During 2010-11 (up to December,
2010), 5 insurance claims were settled
and an amount of Rs.2,50,000/paid
towards compensation to the
affected workers.
Rs.50,000
Rs.50,000
Rs.25,000
Depending upon the finger and limited
to applicable percentages of capital sum
insured of Rs.50,000/- as per the Personal
Accident Policy Conditions.
7.10 HINDUSTAN COIR
7.10.1 As per the Government’s
decision to mechanise one third of
coir matting sector, the Hindustan
Coir, a power loom coir matting
MSME