Dear All,
We have a few contract staff in our factory and recently changed our contractor. We have a Workmen's compensation policy (Group policy) from New India Assurance Company Ltd which is valid until June 2011, provided by the old contractor. I would like to know the following:
1. Do we need to take a new policy from the new contractor?
2. Is the policy transferable to our new contract company?
3. We have not made payment to the old contractor for the policy. Is it possible to get a refund from the Insurance Company if the policy is terminated?
Please help.
Regards,
Mala
From India, Mumbai
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We have a few contract staff in our factory and recently changed our contractor. We have a Workmen's compensation policy (Group policy) from New India Assurance Company Ltd which is valid until June 2011, provided by the old contractor. I would like to know the following:
1. Do we need to take a new policy from the new contractor?
2. Is the policy transferable to our new contract company?
3. We have not made payment to the old contractor for the policy. Is it possible to get a refund from the Insurance Company if the policy is terminated?
Please help.
Regards,
Mala
From India, Mumbai
Acknowledge(0)Amend(0)
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Staff advance policy.doc