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JK Bank adds IFFCO Tokio as another insurance partner

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Srinagar, Feb 12: Expanding the insurance options further for its customers across the state and beyond, J&K Bank today entered into a tie-up with IFFCO-Tokio General Insurance – a joint venture between one of the world’s biggest cooperative society, Indian Farmers Fertilizer Co-operative (IFFCO) and the largest listed insurance group in Japan, Tokio Marine Group.

The agreement between the two leading companies was signed in presence of Chairman and CEO Parvez Ahmed and Managing Director IFFCO TokioWarendra Sinha, Director Marketing Anamika Roy Rashtrawar and Director Operations Jun Matsui here at the bank’s Corporate Office.

Executive Presidents RK Chibber, Ab Rashid Shiegan, President M Younis Patoo, Vice Presidents VibhakarKhajuria and RoshanKhayal Khan were also present on the occasion.

 

The bank’s President Insurance M Younis Patoo signed the MoU on behalf of the bank while as Anamika Roy Rashtrawar put in her signatures representing IFFCO Tokio.

Speaking on the occasion, Chairman Parvez Ahmed while hailing the tie up conveyed the insurance company to deliver the best available products and services to the customers of J&K Bank and script a next-level service set-up for them.

“In J&K, our bank is not merely a brand or a company but an institution of critical importance to the financial architecture of the state itself. Being partners here means a lot more than garnering business for both the companies. It is a responsibility to deliver and deliver better than your competitors”, he said.

He further added, “Since customers remain at the center of our strategy, every effort of the bank is therefore aimed at adding value to its products and services so as to serve and satisfy them. Through this MoU with us, your products have already reached the largest retail chain of finance in the state. Therefore, it is all up to your business acumen to generate not only goodwill among our customers but a healthy competitive ambiance for best insurance products within Jammu and Kashmir.

Elucidating further, Chairman and CEO said, “The penetration of non-life insurance in India is below 1 percent, in terms of gross premium as a percentage of GDP, therefore allows ample headroom for growth through multiple players especially in retail, small and medium enterprise segments. Now the challenge lies in designing customized products that suit the needs of customers across the state.”

“I am sure that IFFCO-Tokiowill live up to their brand reputation along with our expectations and deliver its products and services to the satisfaction of our customers in J&K”, he added.

Terming the signing of the agreement as a “momentous occasion”, Managing Director IFFCO-TOKIO, Warendra Sinha acknowledged the positive role of the bank in the financial and social set-up of the state and asserted that J&K Bank is the true leader when it comes to empowering people in the state of Jammu and Kashmir and beyond.

“Like J&K Bank, customers come first for our company. For us it is important that people at large perceive us as a company sensitive to their needs and expectations. We will definitely take the customer service to the next level as desired by the bank and fill the existing gaps by providing customized products and personalized services,” he said while adding that the company will work for the welfare and inclusivity of the people of the state in line with the vision of the bank.

Executive President R K Chibber while speaking at the occasion maintained that both the institutions are committed to work for the welfare of the people besides extending value added services to customers while also adding that under the dynamic leadership of Chairman and CEO, the bank works with a missionary zeal to provide world class services to its customers and signing of the MOU is yet another step in that direction.

Earlier, in his welcome address President Insurance M Younis Patoo expressed a view to prioritize the needs of our customers above everything else, by entering into an agreement with one of the reputed insurance companies of the country so as to facilitate our end customers a better and insured tomorrow.

Through this agreement, the bank shall act as a corporate agent to IFFCO-TokioGeneral Insurance and sell their insurance products which include motor, travel, health, home insurance including corporate policies such as property insurance and liability insurance.

Vice President VibhakarKhajuria extended vote of thanks and commended the prudent decision of the management for roping in IFFCO- Tokio General insurance company to provide best in class service to customers. Director Marketing IFFCO TokioAnamika Roy Rashtrawar while thanking the bank expressed hope that the common thread between both the companies is that we both understand the difficulties of the common people and we would work in tandem to address their concerns.

Incorporated in 2000, IFFCO-TokioGeneral Insurance is a joint venture wherein IFFCO holds 51 percent in the company and the remaining 49 percent is held by Tokio Marine Group.

The insurer shall start its operations in two districts, Srinagar & Anantnag to start with, effective from 1st April, 2019.


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Kashmir

Mirwaiz seeks shifting of Kashmiri prisoners to valley jails

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Srinagar, Feb 21 : After killing of a Pakistani prisoner in Jaipur jail, Mirwaiz Umar Farooq on Thursday sought the shifting of Kashmiri prisoners to Kashmiri jails from other states of India saying that the families of prisoners locked up in “Indian jails” are worried about their safety.

Taking to micro blogging social networking site twitter Mirwaiz wrote, “After the condemnable killing of Pakistani prisoner by his inmates in #JaipurJail,Kashmiri inmates in jails across India are unsafe,their families are worried and demand their immediate shifting to Kashmir jails. Authorities should pay heed & do the needful to ensure their safety.”

 
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Dialogue only way to solve Kashmir issue: Mehbooba Mufti

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Jammu, Feb 20: Former Jammu and Kashmir chief minister and People’s Democratic Party (PDP) president Mehbooba Mufti said that dialogue is the only way to solve Kashmir issue and save the people of Kashmir. She said, “In these times only illiterate people can talk about war.
Both countries are nuclear powers and when they have the option of dialogue to solve the issue, I don’t think the question of war arises and when there’s no war there’s no question of retaliation.”
Mehbooba Mufti said that the proof of Pakistani links to the Pulwama attack should be given to Islamabad as sought by its Prime Minister Imran Khan “to see what they do”.
Speaking to the media here, she said: “It is true that whether it was Pathankot attack or Mumbai attack they (Pakistan) were given proof but they did not take action. But because Imran Khan is a new PM and he is talking about a new start, he should be given a chance. We should give proof and see what they do.”
Hitting out at the government’s move to withdraw the security of separatist leaders, Mehbooba called it a ‘childish act’.
“This is a childish act. The government should find a solution to this problem. Withdrawing the security of four people is no big deal and that too which they had not asked for. The government had given them the security and has now itself taken it away,” she added.
The Jammu and Kashmir government withdrew security of separatist leaders, including All Parties Hurriyat Conference (APHC) chairman Mirwaiz Umar Farooq, on February 17 in the wake of the Pulwama terror attack. Other leaders whose security has been withdrawn include Shabir Shah, Abdul Ghani Bhat and Bilal Lone.
Moreover, the PDP leader also claimed that Pakistan itself has many problems and in such a situation a dialogue between the two countries will be beneficial for both sides. While saying that talks will be good for Pakistan, she emphasised: “It will be good for Pakistan’s prosperity.”
“Pakistan itself has a lot of problems, in such a situation if both the nations reconcile and discuss things it will be beneficial for both sides. I believe that we can have a dialogue even after a war. If we have to save Jammu and Kashmir and its people then dialogue is the only way. War is not a solution to any problem,” the PDP leader added.
Elaborating further she said if Pakistan is influencing the youth of Kashmir it is unfortunate and is a reflection of our failure.
“It is unfortunate if we say that the neighbouring country is able to enter our country and indoctrinate our youth. It is possible that there may have been some shortcoming on our part, our previous government’s part. There has to be a reason as to why our youth gets influenced by those people. It is possible that they don’t feel a part of us,” Mufti added.
On the issue of Article 370 of the Constitution, she asserted: “If that is removed then no one in Kashmir will have a reason to hold the Indian tricolour.”
Substantiating her stance she recalled the conditions of alliance with the BJP in Kashmir. She claimed that it was decided that the government will hold talks with the separatists and with Pakistan.
“Our agenda of alliance with the BJP was very clear that they will initiate talks with Pakistan and the separatists in Kashmir like Vajpayee did. This is no secret. I don’t know why are they sosurprised today,” she said.

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Attempts being made to disrupt peace in J&K: DGP

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Jammu, Feb 20: Director General of police Dilbag Singh on Wednesday said that attempts are being made to disrupt peace and order in the state,
“Pakistan is making attempts to disrupt the peace and order in the state but like past their attempts are bound to fail,” he said while addressing Darbar of trainees at Sher-i-Kashmir Police Academy, Udhampur.
DGP in his address impressed upon the officers and other personnel to be prepared for the future contingencies and said that we need to put all resources to use to create a secure environment in the state. He said that
He emphasized upon them to have proactive approach to their training and be focused keeping in mind the organizational goals.
He said training of mind, soul and body is holistic achievements of the training goals.
He exhorted upon the trainees to be prepared for all eventualities they might face after the training.
He directed the training staff to sensitize the trainees for their role after the training and added that they must be trained keeping in view multiple challenges the force is facing in the state. “We must learn from Pulwama incident and be resilient in our approach” DGP advised the trainees.
DGP impressed upon the trainees to increase the level of patience and competence while dealing with different situations and said that they always need to be motivated physically and mentally. He said that as responsible members of force we need to strike balance between family and professional life.
DGP advised the trainees to develop their interest in IT and computers for achievements in smart policing goals. He said that we have to excel in different fields of policing to provide better services to the people. DGP later reviewed different facilities being provided to the trainees in the academy.
The DGP was briefed about the functioning of the academy by the Director SKPA, M. Sulaiman Salaria. He informed that the batches are in advance stage of training. He also highlighted the requirements of the academy.

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