8 SEPTEMBER2024Amazon India is creating 1.1 lakh new jobs for the 2024 festive season, focusing on inclusivity, catering to increased consumer demand in major cities, and hiring thousands of women and nearly 1,900 persons with disabilities (PWDs). The new positions will cover various functions, ensuring smooth operations and contributing to the local economy. Amazon India will also offer training and development programs for new employees, promoting economic empowerment and social inclusion.Amazon is hiring a diverse workforce to meet growing consumer demand in major, including Mumbai, Delhi, Bengaluru, and Kolkata, focusing on long-term job creation and community impact. Union Minister of Labour & Employment and Youth Affairs & Sports, Mansukh Mandaviya praised the efforts by Amazon to create over one lakh seasonal jobs, including hiring women and disabled individuals. He lauded the initiatives driven to protect the well-being of the associates through health, safety, and educational programmes. Amazon India's VP of Operations, Abhinav Singh, emphasized the company's aim to offer fast, reliable deliveries during the season while ensuring the well-being of its workforce. He highlights initiatives like Ashray, a resting point for delivery associates across Delhi NCR, Mumbai, and Bengaluru. Another initiative, Sushruta Health offers comprehensive healthcare to truck drivers, while the Pratidhi scholarship supports associates' children in obtaining quality education.Amazon India is enhancing its infrastructure to provide a safe work environment for its associates specifically women, offering facilities like drinking water, cafeterias, and medical facilities, and promoting financial literacy through initiatives like Samriddhi camps. India's women are increasingly purchasing term insurance plans, with an 80 percent increase over the past two years, according to PolicyBazaar. This shift in financial planning is driven by rising healthcare costs, financial independence, and an understanding of insurance as a risk management tool. The insurance sector is working to create more accessible and tailored products for women to invest in their financial well-being.The report mentions that over the past two years, high-cover plans have witnessed a 120 per cent increase in purchases, with an 80 per cent increase in women purchasing term plans. Working women, including salaried and self-employed individuals, account for 55-60 per cent of term insurance purchases. Housewives contributed around 40 percent, demonstrating that financial planning is now more accessible to those earning income. Working women's coverage amounts have nearly doubled since 2022.As per the report, the adoption of term insurance has increased significantly, particularly among women in less prominent regions. Major cities like Delhi, Hyderabad, and Bangalore have seen the most significant growth, while smaller cities like Guntur also experienced a significant increase. The majority of buyers are women aged between 25-34, reflecting a growing focus on financial planning as women settle into their careers and family life.Rishabh Garg, Head of Team Insurance, Policybazar mentioned, "It is encouraging to see women taking charge of their financial planning by purchasing term insurance policies. We also recommend that, along with an adequate coverage amount, women go for riders like critical illness, With the rising incidence of cancers specific to women, insurance providers have expanded their coverage in critical illness rider to include breast cancer, ovarian cancer, and cervical cancer". IN FOCUSAMAZON INDIA HIRES 1K+ WOMEN TO MEET 2024 FESTIVE SEASON DEMAND80 PERCENT INCREASE OF INDIAN WOMEN PURCHASING INSURANCE PLANS: POLICYBAZAAR REPORT
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