A New Chapter in Singareni Welfare
₹1 Crore Accident Insurance – A Protective Shield for Workers’ Families
Scheme Introduced Through Telangana Government’s Initiative Brings Relief to More Than 45 Families
Largest welfare initiative in the history of Singareni
₹1 crore insurance coverage even for partial and permanent disability
Natural death insurance coverage ranging from ₹10 lakh to ₹15 lakh
Recently introduced ₹50 lakh health insurance scheme at a nominal premium
Widespread appreciation for the Telangana Government’s initiative
Approximately ₹41 crore already disbursed as insurance benefits in Singareni
HYDERABAD, MAY 31, 2026: The person seen in the photograph is Mr. Nagula Rajaiah. He has a son and a daughter. His son Santosh secured employment in Singareni through compassionate appointment. Tragically, Santosh lost his life in a road accident after serving the company for only 18 months.
Santosh was the sole breadwinner for Rajaiah’s family, which was already struggling with serious health issues. The terminal benefits payable for his short period of service were limited. At such a difficult time, the ₹1 crore Accident Insurance Scheme introduced in Singareni through the initiative of the Telangana Government came as a lifeline for the family. Today, it provides crucial financial security to the elderly and ailing parents.
Another beneficiary is Mrs. Pendri Latha, wife of late Ranjith Kumar, a Singareni employee. Ranjith Kumar died in a tragic accident while returning after visiting his month-old son. With no father and being the sole earning member of the family, his sudden demise left behind his wife, mother and infant son without support.
Since he maintained a salary account with a bank that had an agreement with Singareni, his family received ₹1 crore under the accident insurance scheme. The cheque was personally handed over by Telangana Deputy Chief Minister and Minister for Energy, Shri Bhatti Vikramarka Mallu. Though the compensation cannot replace her husband, Mrs. Latha emotionally stated that it would help fulfill the responsibilities he had left behind and secure the future of her son. She said that without this scheme, her family would have faced an uncertain future.
These are not isolated cases. Similar sentiments are being expressed by more than 40 families who have received financial assistance through the free accident insurance scheme introduced in Singareni over the last two years with the support of the Telangana Government.
Today, this welfare initiative is not only benefiting Singareni employees but is also serving as a model across the country, providing security and support to thousands of families affected by unforeseen accidents.
A First-of-Its-Kind Welfare Initiative
In line with the Telangana Government’s emphasis on employee welfare, Singareni became the first organisation in the country to implement an accident insurance scheme providing coverage up to ₹1.25 crore.
Launched in 2024 by Telangana Chief Minister Shri A. Revanth Reddy and Deputy Chief Minister Shri Bhatti Vikramarka Mallu, the scheme has emerged as a revolutionary welfare measure in the insurance sector.
The initiative has inspired several coal companies and other organisations to explore similar welfare measures. Through special arrangements facilitated by Singareni and the State Government, multiple banks now provide accident insurance coverage to Singareni employees holding corporate salary accounts.
Punjab National Bank, Bank of Baroda and Indian Overseas Bank provide accident insurance coverage up to ₹1.25 crore, while State Bank of India, Union Bank of India and Canara Bank provide coverage up to ₹1 crore.
Singareni currently disburses salaries to 40,275 employees through various banking institutions operating in its areas.
No Premium Burden on Employees
While employees generally have to pay premiums under conventional insurance schemes, the Telangana Government’s initiative enabled Singareni to negotiate arrangements whereby employees receive insurance coverage without paying any premium. The scheme has received widespread appreciation from employees and trade unions.
Financial Security for Bereaved Families
The sudden death of an employee often places immense emotional and financial strain on the family. The accident insurance scheme provides compensation ranging from ₹1 crore to ₹1.25 crore, helping families manage financial obligations, children’s education and future responsibilities.
Over the past two years, State Bank of India has disbursed nearly ₹28 crore to the families of 32 deceased employees, while Union Bank of India has paid approximately ₹13 crore to the families of 13 employees.
Coverage for Permanent and Partial Disability
The scheme extends beyond accidental death coverage. Employees who suffer permanent or partial disability due to accidents are also eligible for compensation.
Recently, a worker named Satyanarayana from the Srirampur Area lost both his legs in a mine accident. Under the accident insurance scheme, the bank provided ₹1 crore compensation to support his family.
Natural Death Insurance Coverage
In addition to accident insurance, State Bank of India, Union Bank of India, Indian Overseas Bank and Punjab National Bank provide free natural death insurance coverage of ₹10 lakh. Bank of Baroda offers coverage up to ₹15 lakh.
This benefit is also provided free of cost without any premium payment from employees.
₹50 Lakh Health Insurance at Nominal Premium
As an extension of the welfare initiative, State Bank of India has introduced a health insurance scheme providing coverage up to ₹50 lakh for employees holding corporate salary accounts.
For an annual premium of ₹8,906, the scheme covers the employee, spouse and two children below 25 years of age. Coverage remains valid up to the age of 63 years, with options for continuation thereafter at a revised premium.
Employees have welcomed this initiative, noting that both health security and life security are essential in the present day.
Insurance Coverage for Outsourced Workers
Nearly 30,000 outsourced workers are employed in Singareni. Recognizing their contribution, the Telangana Government directed the management to coordinate with banks to extend insurance protection to them as well.
Punjab National Bank has agreed to provide accident insurance coverage of ₹40 lakh to outsourced workers, while HDFC Bank offers coverage of ₹30 lakh.
In one recent case, Mr. Kambala Rajesh, an employee of STPP, opened a Punjab National Bank account just one month before his unfortunate death in a road accident. Since his monthly salary was ₹25,000, his family received ₹50 lakh under the accident insurance scheme, providing valuable support to his wife and two young children.
Free Accident Insurance for Retired Employees
Following the Telangana Government’s directions, discussions were held with banks to continue accident insurance benefits even after retirement.
As a result, several banks have agreed to provide free insurance coverage ranging from ₹30 lakh to ₹1 crore to retired employees who receive their pension through the respective banks.
What began as a welfare initiative in Singareni has since been extended to power utilities, state government organisations and government employees across Telangana. The scheme has now influenced similar measures for Central Government employees as well, making Telangana’s welfare model a guiding example for the entire country.
