ahmedabad with corporate offices resuming operations adhering to safety norms and government guidelines many companies have now raised health insurance cover for their employees post covid19 outbreak corporate houses such as adani group torrent group zydus cadila and many other have increased health covers for their employeesconsidering the ongoing pandemic situation we have provided additional mediclaim cover of rs 5 lakh to all our employees for covid19 this additional cover is over and above the existing group mediclaim coverage policy which already covers employees at all levels and their family members said a spokesperson of torrent groupin case of an employees death the group provides the deceased employees family members with financial support of rs 25 lakh irrespective of the designation of the employee the spokesperson addedinsurance cover of all employees has been increased and complete assistance is provided to employees who are affected by the pandemic said an adani group spokespersonwhile most of our employees are covered under employees state insurance corporation esic we have also introduced an additional health insurance cover for covid19 for the remaining at an annual premium of rs 3200 per employee we have covered some 220 employees in the first phase the remaining 110 will be covered in the next band said jaimin shah founder dev it limited the increase in health insurance covers mostly in form of topups is to help reduce the burden of medical expenses in case their employees or family members contract covid19 boosting employee morale and ensuring their safety are other driving forces behind companies raising health covers of workforce some companies are themselves bearing the cost of premium while others have made additional covers available at subsidized ratescompanies in the it and ites sector have started providing higher health cover considering covid19 pandemic most companies have health cover for their employees in many cases those policies automatically cover covid19 whereas the rest have also begun providing health insurance which covers covid19 said maulik bhansali president of it association gesiaa wellplaced source in the insurance sector said in april this year the insurance regulatory and development authority irdai issued a circular making it mandatory for all factories offices and commercial establishments to provide a health insurance cover to their employees while most companies offer a group health insurance those who do not have now begun offering health insurance to their employees any existing health insurance policy will cover covid19 related expenditure provided the policy holder is tested positive and is hospitalised the source further added