Greater than three.5 lakh workers of the Authorities of Jammu and Kashmir 10 Lakhs of accident insurance coverage cowl will likely be out there. The administration on Tuesday accepted the proposal on this regard.
In keeping with the information company language, the implementation of the group private accident insurance coverage coverage was accepted as per the federal government order. This coverage is Oriental Insurance coverage Firm Ltd. Will likely be given for 3 years from December 2.
The order of the Finance Division states that greater than three. 50 lakh workers of the Authorities of Jammu and Kashmir will come underneath the ambit of the coverage. It will embrace gazetted and non-gazetted workers in addition to public sector undertakings, autonomous our bodies, native our bodies, universities, contract employees.
Below this, workers will get insurance coverage of 10 lakhs. For this, they must pay an annual premium of Rs 346 together with GST.