Jammu, Dec 3: The
Government Tuesday 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 (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 per employee against payment of a yearly
premium of Rs 346inclusive of GST @ 18% i.e. Rs. 52.74.
The order said all the Drawing and Disbursing Officers
(DDOs) of the Government shall deduct Rs 346from all categories of the
employees mentioned above from the salaries of December 2019 on compulsory
Similarly, all the DDOs of the PSUs/Autonomous Bodies/ Local
Bodies and Universities shall remit an amount of Rs. 346inclusive of CST @ 18%
through challan against aforementioned Major Head in Government Treasuries in
respect of their employees for being covered under the scheme on or before 15th
January 2020 positively and furnish the copy of challan bearing TR No and date
along with the list of the employees to the Nodal Officer, Croup Personal
Accidental Insurance Policy, Finance Department, Civil Secretariat
However, wherever due to any administrative or financial
problem, it said, the DDO could not deduct the premium of his employee(s) from
the salary of the month of December 2019, he shall immediately deposit/remit
the prescribed premium against the proper Head of Account in the concerned
Treasuries through challan after collecting the premium from the left out
employees to bring them under the insurance coverage.
It shall be the responsibility of the concerned DDO not to
leave out any employee without deduction of prescribed premium for coverage of
the accidental Insurance policy.
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)/Agreement
indicating the terms and conditions and other related details shall be executed
between the Government of Jammu and Kashmir and Oriental Insurance Company Ltd.