Excelsior Correspondent
JAMMU, Jan 9: In pursuance of the Cabinet decision, the State Finance Department today accorded sanction for introduction of Group Mediclaim Insurance Policy for all the Gazetted employees of the State Government for the year 2014-17 on mandatory basis.
For the purpose, the Government had tied up with ICICI Lombard General Insurance Company Ltd for a period of three years commencing from February 10, 2014 on an annual premium of Rs 6081.
Accordingly, necessary instructions have been issued to the DDO for deducting the annual premium from the salaries of the Gazetted employees for the months of January 2014, payable in February 2014 and remit the same into the Government treasuries.
The employee and his five dependants within the age group 3 months to 80 years are covered under the policy. In case both the husband and wife or any other dependant are Gazetted employee, the premium shall be payable by any one of them. lnsurance coverage of Rs 5 lac for a family on floater basis will be available for each year.
Hundred percent rebate is available under Income Tax Act on the premium amount.
The other categories of the employees may also join the scheme by opting for the policy in case any sizeable group from any Government Department/ Corporation/Autonomous Body desires to join the policy on compulsory basis at a later stage on the same premium as well as the terms and conditions.
An employee, covered under the Policy, who retires from the active Government service after the commencement of the policy, shall continue to be covered under the scheme for the remaining period of the policy beyond his/her date of retirement on the same terms and conditions.
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