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    Home»PSU Insights»NCL & Union Bank Disburse ₹2 Crore Insurance Payouts to Families of Deceased Miners
    PSU Insights

    NCL & Union Bank Disburse ₹2 Crore Insurance Payouts to Families of Deceased Miners

    Rishabh SharmaBy Rishabh SharmaJuly 29, 2026No Comments1 Min Read
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    Singrauli | July 29, 2026

    Demonstrating a strong commitment to institutional employee welfare, Northern Coalfields Limited (NCL) Dudhichua Area, in collaboration with Union Bank of India (UBI), hosted a formal claim settlement ceremony to extend financial relief to the surviving families of two deceased miners.

    Through the Union Bank Corporate Salary Account Scheme, insurance payouts amounting to ₹2 crore were distributed, providing ₹1 crore each to Smt. Ramjani Devi (spouse of the Late Ram Sajiwan Vaisya) and Smt. Sunita Devi (spouse of the Late Santosh Kumar Dubey).

    Presiding over the ceremony alongside UBI representatives and joint consultative committee members, Area General Manager Shri Vinod Kumar Singh underscored that while no sum can replace lost lives, swift insurance distribution provides essential long-term financial security for bereaved dependents.

    Incident & Settlement Details

    • Entity: Northern Coalfields Limited (NCL – Dudhichua Unit)

    • Financial Partner: Union Bank of India (UBI)

    • Disbursement Amount: ₹2 Crore Total (₹1 Crore per beneficiary)

    • Recipients: Smt. Ramjani Devi & Smt. Sunita Devi

    • Coverage Mechanism: Corporate Salary Account Accidental Death Benefit

    • Location: Singrauli, Madhya Pradesh

    NCL Union Bank
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