"This product supports the growing focus on employee benefits by corporates and inherently fulfils their commitment towards enhancing employee engagement. It enables corporates or groups to provide a safety net to their stakeholders in case of an emergency," Liberty Videocon CEO Roopam Asthana said in a release.
With affordable premiums, this product will enhance the risk mitigating capacity of the insured and help ensure financial stability in the unfortunate event of an accident, he added.
"We will shortly bring more products, which will cater to various other needs of our customers," he said.
Liberty Videocon General Insurance is a joint venture between Videocon Industries and Liberty Citystate Holdings, part of US-based Liberty Mutual Insurance Group.