SRINAGAR, Sept 2: Committed to the welfare of employees and their families, J&K Bank Chairman and Managing Director (CMD), Rajesh Kumar Chhibber handed over two insurance claim cheques amounting Rs 50 lakh to the widow of Parshotam Datt, an executive of the bank who lost his life in an accident during active service, providing financial cushion to the family of the deceased employee.
The CMD passed on the cheques to Geeta Sharma in presence of Zonal Head Jammu (Central-1) Sudhir Gupta, Private Secretary to Chairman Sanjeev Sharma and Public Relations Officer (Jammu) Kewal Krishan Sharma. Country Head Bank Assurance Bajaj Allianz General Insurance Company Limited (BAGICL) Aijaz Ahmad Khan and Branch Head BAGICL (Jammu) Shishu Tickoo were also present on the occasion.
Highlighting the importance of safeguarding the families of the employees of the bank who expire during active service from financial burden through insurance protection covers, the CMD said, “Employees are the greatest assets of a company and therefore it is imperative to boost their morale for business excellence by keeping them and their families insulated against any unforeseen eventuality.”
“J&K Bank has always been taking employee welfare measures and keeps on reviewing employee welfare schemes from time to time. It is in this backdrop that the bank introduced schemes like Group Term Life Insurance and Group Accidental Life Insurance in collaboration with insurance companies like PNB MetLife and BAGICL,” he added.
A few days earlier, the CMD had also presented insurance pay-out cheques to the parents of another deceased employee Syed Asif Raza, who had expired after suffering from a fatal accident during active service in the bank.