Bhubaneswar: Odisha Power Transmission Corporation Limited (OPTCL) today marked a momentous occasion by signing a Memorandum of Understanding (MoU) with Union Bank of India (UBI) to implement an exclusive, comprehensive Salary Package Scheme for all its employees.
The official signing ceremony took place at Lok Seva Bhawan in the gracious presence of Kanak Vardhan Singh Deo, Deputy Chief Minister of Odisha, who also holds the portfolios of Energy and Agriculture & Farmers’ Empowerment.
“It is a welcome step for our OPTCL employees. The partnership today signifies a long, meaningful, and welfare-oriented association between OPTCL and Union Bank of India,” said Kanak Vardhan Singh Deo.
The event was also graced by the esteemed presence of Vishal Kumar Dev, Principal Secretary of Energy; Bhaskar Jyoti Sarma, CMD of OPTCL; and other dignitaries from the Government of Odisha, alongside senior officials from Union Bank of India.
Unprecedented Financial Security for OPTCL Employees
The newly launched scheme provides unparalleled financial security, offering substantial benefits to every regular employee, irrespective of their cadre or designation.
Key highlights of the package include:
- Comprehensive Insurance Cover: Each employee will receive a Personal Accident Insurance of Rs 1.20 crore, along with an additional Term Life Insurance cover of Rs 20 lakh.
- Hospitalisation Support: The scheme includes an annual Hospital Cash benefit of Rs 30,000.
- Premium Debit Card Benefits: Employees will be issued a RuPay Select Debit Card linked to their Zero Balance Savings Bank (SB) accounts, which comes with:
- Additional accidental insurance coverage of Rs 15 lakh
- Annual lifestyle benefits worth Rs 75,000 at no extra cost, including free airport lounge access, quarterly health check-ups, and free transactions
Commitment to Employee Welfare
During the ceremony, it was announced that existing accounts maintained with Union Bank of India will automatically migrate to the new scheme, ensuring a seamless transition. Furthermore, the commitment to the OPTCL family extends beyond current staff.
“Union Samman,” a similar welfare-oriented package, has been specially designed for OPTCL pensioners, extending comprehensive benefits to the retired community as well.
The management of OPTCL thanked Union Bank of India for its proactive approach in designing a scheme truly aligned with the needs of its employees and expressed deep gratitude to the Government of Odisha for its continued guidance and support.
