Valuing their employees, J&K govt get Rs 10 lakh accident insurance cover for 3.5 lakh workers

Srinagar, December 4: Looking forward to ensure proper safety of the employees, the Jammu and Kashmir government on Monday accorded sanction to implementation of the Group Personal Accidental Insurance Policy through Oriental Insurance Company Limited for a period of 3 years commencing from December 2, 2019. According to an order issued by Finance Department, the policy shall cover an aggregate of more than 3.50 lakh employees of the J&K Government.

 

This includes all Gazetted and Non-Gazetted along with Employees of PSUs and Autonomous Bodies, Local Bodies, Universities, Daily rated workers, Consolidated or Contractual or Adhoc employees and Contingent paid workers and SPOs. The sum assured under this policy shall be Rs. 10 lakh per employee against payment of a yearly premium of Rs. 346. The order said all the Drawing and Disbursing Officers (DDOs) of the Government shall deduct Rs. 346 from all categories of the employees mentioned above from the salaries of December 2019 on a compulsory basis.

Similarly, all the DDOs shall remit an amount of Rs 346 in government treasuries in respect of their employees for being covered under the scheme on or before January 15, 2020, positively and furnish the copy with the list of the employees to the Nodal Officer, Group Personal Accidental Insurance Policy, Finance Department immediately.

The order reads that inclusion under Group Personal Accidental Insurance Policy shall not confer any rights other than accidental insurance whatsoever as per terms and conditions laid down. A detailed Memorandum of Understanding (MOU) indicating the terms and conditions and other related details shall be executed between the Government of Jammu and Kashmir and Oriental Insurance Company Ltd.