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Tirupur Exporters' Association (TEA) has launched a medical insurance scheme with an insurance coverage of Rs one lakh with a payment of Re one per day to the labours. The scheme Mediplus 365, having a premium of Rs 365 per person per annum, will be executed by Edelweiss Insurance Brokers Ltd, Mumbai, through New India Insurance Company, A TEA release said here. The Association, through its Consortium Purchase Sub Committee, empanelled four insurance brokers Edelweiss Brokers Ltd, Zeal Insurance, Om Maruthi Insurance and Indian Insurance Broking to analyze the existing general insurance policies such as fire accident, flood, marine, stock and machinery breakdown taken by the TEA members and based on the advice given by the concerned insurance brokers, the members of TEA can restructure their premium amount and coverage, it said.
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