News

Government sanctionsemployee unintended insurance plans

Jammu, Dec 3: The
Executive Tuesday accorded sanction to implementation of the Crew Private
Unintentional Insurance coverage Coverage thru Oriental Insurance coverage Corporate Restricted for a
duration of three years starting up from December 2, 2019.

Consistent with an order issued via Finance Division, the
coverage shall quilt an mixture of greater than 3.50 lakh staff of the J&Okay
Executive (Gazetted and Non Gazetted) together with Staff of PSUs/Self sufficient
Our bodies/Native Our bodies/ Universities, Day-to-day rated staff,
Consolidated/Contractual/Adhoc staff/Contingent paid staff and SPOs.

The sum confident underneath this coverage will be Rs 10 lakh  consistent with worker towards fee of a every year
top rate of Rs 346inclusive of GST @ 18% i.e. Rs. 52.74.

The order stated the entire Drawing and Disbursing Officials
(DDOs) of the Executive shall deduct Rs 346from all classes of the
staff discussed above from the salaries of December 2019 on obligatory
foundation.

In a similar way, the entire DDOs of the PSUs/Self sufficient Our bodies/ Native
Our bodies and Universities shall remit an quantity of Rs. 346inclusive of CST @ 18%
thru challan towards aforementioned Main Head in Executive Treasuries in
recognize in their staff for being lined underneath the scheme on or ahead of 15th
January 2020 definitely and furnish the replica of challan bearing TR No and date
in conjunction with the record of the workers to the Nodal Officer, Croup Private
Unintentional Insurance coverage Coverage, Finance Division, Civil Secretariat
Jammu/Srinagar in an instant.

Then again, anyplace because of any administrative or monetary
downside, it stated, the DDO may now not deduct the top rate of his worker(s) from
the wage of the month of December 2019, he shall in an instant deposit/remit
the prescribed top rate towards the correct Head of Account within the involved
Treasuries thru challan after amassing the top rate from the not noted
staff to convey them underneath the insurance plans.

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It will be the duty of the involved DDO to not
pass over any worker with out deduction of prescribed top rate for protection of
the unintended Insurance coverage.

The order reads that inclusion underneath Crew Private Unintentional
Insurance coverage Coverage shall now not confer any rights instead of unintended insurance coverage
in any respect as consistent with phrases and stipulations laid down.

An in depth Memorandum of Working out (MOU)/Settlement
indicating the phrases and stipulations and different similar main points will be done
between the Executive of Jammu and Kashmir and Oriental Insurance coverage Corporate Ltd.

Learn Complete Protection on: The Kashmir Observe.
©2019 The Kashmir Observe

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