The INS News
No Result
View All Result
  • Home
  • News
    • Regional
    • Srinagar
    • Jammu
    • National
    • World
  • Business & Economy
  • Multimedia
    • Photo Gallery
    • Video Gallery
  • Health
  • Jobs & Careers
  • Press Releases
  • Blog
  • Home
  • News
    • Regional
    • Srinagar
    • Jammu
    • National
    • World
  • Business & Economy
  • Multimedia
    • Photo Gallery
    • Video Gallery
  • Health
  • Jobs & Careers
  • Press Releases
  • Blog
No Result
View All Result
The INS News
No Result
View All Result
Home News Regional

Govt cancels much hyped Group Mediclaim Health Insurance Scheme

INS Desk by INS Desk
October 25, 2018
A A
Pensioners to get free insurance cover from next year: Govt
Share on FacebookShare on TwitterWhatsappTelegramEmail

Srinagar: The governor’s administration has cancelled Group Mediclaim Health Insurance Scheme for employees, pensioners and accredited journalists.
The announcement was made by the governor Satya Pal Malik in a TV interview, aired on Wednesday night.
Asked why the contract was given to Anil Ambani’s company, Malik declared that he is cancelling it.
The Governor’s administration, through an order No 406-FD dated September 20, 2018, choose Reliance General Insurance as the company for implementing the insurance policy with a coverage of Rs 6 lakh for individual and family members on floater basis.
The scheme was made mandatory for all state government employees including employees of PSUs, autonomous bodies and universities. It will be optional for pensioners and other categories of employees
On October 6, Congress President Rahul Gandhi took a jibe at Prime Minister Narendra Modi over the scheme for favouring Reliance company.
In fact, the government on the same day came up with a statement and “dispelled” what it “rhetorical misgivings” being created about the Group Medical Health Insurance Scheme rolled out by it.
“The State Government made it clear that the scheme has been implemented after following all the required procedures in a fair and most transparent manner,” read a statement issued by the state’s information department.
“The entire bidding process has been done in a competitive, clean and transparent manner in line with the Financial Rules and Regulations as well as CVC (Chief Vigilance Commissioner) guidelines,” said the statement.
It said that the bidding process was monitored by a team of senior-most officers, well versed with the Financial Rules and Regulations, and was conducted through strict technical and financial evaluation. “In the first round of bidding only one bid was submitted by a Public Sector Undertaking (PSU) and as the first round concluded with poor response it had to be terminated,” it said and added that thereafter, a pre-bid conference was organized, where both private and PSU companies participated and the tender was reissued with minor changes in technical parameters on their suggestion.
The statement said that all PSUs as well as top private insurance companies were contacted to participate in the bidding process as a result of which in the second round, 9 companies including Private and Public Sector Undertakings submitted their bids, out of which 5 qualified on technical evaluation criteria. The financial bid of 5 qualified companies were opened and it emerged that Reliance General Insurance Company with a quoted premium of Rs 8776.84 was at L1, National Insurance Company Ltd with quoted premium of Rs 11918.00 at L2, ICICI Lombard with quoted premium of Rs 17691.74 at L3, Bajaj Allianz with quoted premium of Rs 23476.10 at L4 and United India Assurance Company with quoted premium of Rs 27225.00 at L5, it said.

RELATED POSTS

SIA raids 3 locations in Poonch, Udhampur

NIA searches 7 locations across Kashmir

Kashmir Theatre Conference opens in Srinagar

Buy JNews
ADVERTISEMENT
Previous Post

In a first, JK to have full-fledged Anti-Corruption Bureau

Next Post

Gunfight breaks out in Kreeri in North Kashmir

INS Desk

INS Desk

Related Posts

SIA raids multiple locations in South Kashmir
Regional

SIA raids 3 locations in Poonch, Udhampur

September 12, 2026
NIA attaches property in Pulwama villages
Regional

NIA searches 7 locations across Kashmir

September 12, 2026
Kashmir Theatre Conference opens in Srinagar
Regional

Kashmir Theatre Conference opens in Srinagar

September 11, 2026
CM Omar Abdullah calls for making J&K a hub for film production
Regional

CM Omar Abdullah calls for making J&K a hub for film production

September 10, 2026
Properties worth Rs 80 lakhs of peddlers atatched in Budgam
Regional

Police Attach properties worth over Rs 6.22 Cr in 6 NDPS cases

September 10, 2026
Weather to remain cloudy till Oct 28
Regional

J&K to remain largely dry, scattered rain likely through Sep 20

September 9, 2026
Next Post

Gunfight breaks out in Kreeri in North Kashmir

3 killed in Anantnag road mishap

Mother of BJP Leader Waseem Bari dies in accident, sister critical




 CS Directed Banks to promote business to boost economic growth in J&K

 CS Directed Banks to promote business to boost economic growth in J&K

November 30, 2021
Restrictions to continue on Monday: Police

Govt imposes ‘complete restriction’ on non-essential movement on weekends in J&K

January 15, 2022
Principal molested a girl in Kulgam

Principal molested a girl in Kulgam

August 1, 2017

About

Indian News Service (INS) is the first registered online news portal from the state of Jammu & Kashmir. Our creative team consists of like-minded and socially concerned team of media professionals who carry decades of experience in their field of profession at their back. Our core values have pillars in honesty, empathy, credibility, equality and integrity.

More

© 2022 INS News - Designed by GITS.

No Result
View All Result
  • Home
  • News
    • Regional
    • Srinagar
    • Jammu
    • National
    • World
  • Business & Economy
  • Multimedia
    • Photo Gallery
    • Video Gallery
  • Health
  • Jobs & Careers
  • Press Releases
  • Blog

© 2022 INS News - Designed by GITS.