Govt clears insurance policy for employees

JAMMU: The government on Tuesday approved implementation of the Group Personal Accidental Insurance Policy through Oriental Insurance Company Limited for a period of three years starting December 2.
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 (Gazetted and Non Gazetted) including Employees of PSUs/Autonomous Bodies/Local
Bodies/ Universities, Daily rated workers, Consolidated/Contractual/Adhoc employees/Contingent paid workers and SPOs.
The sum assured under this policy shall be Rs 10 lakh (Rupees ten lakh only) per employee against payment of a yearly premium of Rs. 345.74/- rounded to Rs. 346/- (Rupees three hundred forty-six only) inclusive of GST @ 18%
i.e. Rs. 52.74/- (Rupees fifty two and seventy four paisa).
The order said all the drawing and disbursing officers (DDOs) shall deduct Rs 346 from all categories of the employees mentioned above from the salaries of December 2019 on compulsory basis.
Similarly, all the DDOs of the PSUs/Autonomous Bodies/ Local Bodies and Universities shall remit an amount of Rs 346 from their employees.
It said 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.

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