16 hours ago
Mid-day meal staff to get Rs 16 lakh insurance cover: Punjab education minister
The Punjab school education department has partnered with Canara Bank to introduce a comprehensive insurance scheme to provide accidental cover of Rs 16 lakh and other benefits for the security of as many as 44,301 mid-day meal cook-cum-helpers working in state government schools across the state. The decision was announced by Harjot Singh Bains, Minister of School Education, Punjab.
A Memorandum of Understanding (MoU) was signed between the Directorate of Elementary Education (Mid-Day Meal), and Canara Bank Chandigarh, in the presence of Bains, Thursday. This collaboration aims to provide vital financial protection and security to cook-cum-helpers.
The education minister informed that the scheme offers comprehensive benefits, including term insurance with Rs 1 lakh coverage for death with natural causes, Rs 16 lakhs for death due to accident, and air accident cover of 18 lakh. Furthermore, the scheme provides hassle-free banking with no minimum balance requirement, an instant overdraft facility of up to Rs 10,000 or 50 per cent of the previous month's net salary credited into their bank accounts to ensure ease and convenience for account holders.
'This scheme will greatly enhance the well-being of these essential workers to enable them to focus on their critical role in supporting our education system,' said Bains while adding that this initiative will go a long way to promote financial inclusion and security for cook-cum-helpers in the state government schools.
