J&K Bank, Police Expand Welfare and Insurance Cover With New MoU Addendum

Overview

• Jammu and Kashmir Bank and the J-K Police signed an addendum at the police headquarters in Srinagar, with DGP Nalin Prabhat and MD-CEO Amitava Chatterjee formalizing the expanded pact.
• The revised package adds death-in-action cover in anti-terror incidents, loan-linked protection for borrowers, help for children’s higher education and marriage, air ambulance access, transport for imported medicines, family travel, and repatriation.
• Special Police Officers are now explicitly included in the welfare and financial-security framework, which continues to offer exclusive banking services and concessional loans for police personnel.
• Leaders described the move as a duty to honor service and sacrifice, with Prabhat citing 1,620 police deaths over three decades and promising sustained care for martyrs’ families and for those disabled in duty.
• Chatterjee thanked the force for helping the bank fight rising cyber fraud tied to online channels, signaling a partnership that links staff welfare with safer digital services for the public.