Pb school edu dept ties up with Canara Bank to provide insurance to over 44,000 MDM cooks
Chandigarh: Punjab school education department has joined hands with
Canara Bank
to introduce a comprehensive insurance scheme for its midday meal workers. It promises an accidental insurance cover of Rs 16 lakh and other benefits to 44,301 MDM cook-cum-helpers working in govt schools across the state.
An MoU was signed between the directorate of elementary education (midday meal) and Canara Bank (Chandigarh) in this regard here Thursday.
School education minister Harjot Bains said the insurance scheme offers comprehensive benefits, including term insurance with Rs 1 lakh coverage for death from natural causes, Rs 16 lakh for death due to an accident, and air accident cover with Rs 18 lakh coverage.
Furthermore, the scheme provides hassle-free banking with no minimum balance requirement and an instant overdraft facility of up to Rs 10,000 or 50% of the previous month's net salary credited into their bank accounts to ensure ease and convenience for account holders, he said.
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