SRINAGAR: In a move to provide enhanced financial security to the employees of the Jammu and Kashmir government, the Jammu and Kashmir Bank has announced the extension of a free Group Personal Accidental Insurance Policy worth Rs 25 lakh. This significant development aims to safeguard the interests of government employees in case of unfortunate accidents.
To ensure the effective implementation and timely settlement of claims, the Jammu and Kashmir Finance Department has taken the initiative to appoint a designated Nodal Officer. This officer will play a pivotal role in overseeing the claims process and ensuring the periodic updating of the number of covered employees.
The Principal Secretary of the Finance Department, Santosh D Vaidya, issued a circular detailing the expansion of this insurance coverage. The circular outlined that the policy encompasses all categories of employees within the government of Jammu and Kashmir, encompassing both gazetted and non-gazetted employees. Importantly, the scope of coverage extends beyond government employees to include personnel working within Public Sector Undertakings (PSUs), autonomous bodies, Local Bodies, and universities.
For the efficient processing of insurance claims, the circular emphasised the need for the timely communication of accidental deaths or instances of partial or permanent disabilities. These intimations will be directly transmitted to the concerned Bank branch by the respective Drawing and Disbursing Officers (DDOs). This proactive measure aims to expedite the settlement of cases and provide swift financial assistance to affected employees and their families.
The circular has appointment of Shahnawaz Ahmed, Deputy Director (Budget) within the Finance Department, as the designated Nodal Officer. Ahmed will oversee the process of timely claim intimation, claim settlement, and the regular updating of the total count of covered employees.
This step by the Jammu and Kashmir Bank and the Finance Department underscores the commitment to the well-being of government employees by providing them with a safety net against unforeseen accidents. The extension of the Group Personal Accidental Insurance Policy serves as a testament to the authorities’ efforts to enhance employee welfare and offer vital financial protection.