Insurance for Employees - is it again mandatory to have a third party insurance. What does the labour law?

Hi seniors, I just want a clarification on employee insurance my company has made a provision of Rs. 1 Lakh/emp/annum whoever doesn't come under ESI are covered in this policy so, is it again mandatory to have a third party insurance. What does the labour law say about the employee insurance and where can I get a proof of document to say that it is mandatory to have third party insurance for employees & Is management also to be included in the group insurance.
TIA - Expect a expertise advise in this regard
12th May 2020 From India, Bengaluru

Dear Miss Divya, can you pl elaborate your Statement that your Company has made a provision of rs 1 Lakh Per Annum to ESI Excluded Employees.What are the Terms & Conditions of Payment.Pl also furnish details of Payment made till date to your Employees.You can explore the Possibility of Introducing Group Hospitalization Scheme with Accident Benefit etc
18th May 2020 From India, New Delhi

Dear Miss Divya, PFA of GO Passed by central govt. Ref Page No.14 Point No.11 For the welfare of employees.
19th May 2020 From India, Chennai

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