SBI has taken a new initiative to make the life of central government pensioners more comfortable. State Bank of India (SBI) has launched ‘Comprehensive Pension Package’, which is not just a bank account but a complete package of security and financial facilities for pensioners.
The biggest feature of this account is that there is no minimum balance requirement for it. That means the account can be easily operated even with zero balance. Apart from this, no charges will be taken for SMS alerts or debit cards. RuPay Platinum Gold Debit Card will also be issued free of cost in the account.
Pensioners will get additional security
The biggest attraction of this package of SBI is its insurance cover. In this, in case of accidental death of the pensioner, personal accident insurance (PAI) of up to Rs 30 lakh will be given to the family. Additionally, there are many ‘add-on’ benefits also available. For example:
Provision of up to Rs 10 lakh for plastic surgery
Assistance up to Rs 5 lakh on ordering medicines from outside
Additional cover of Rs 5 lakh in case of death due to coma for more than 48 hours after the accident
Special provisions for family and children also
This package is not limited to pensioners only, but has also brought relief to their families. The bank will bear the cost of Rs 10 lakh for the air ambulance facility and Rs 50,000 for the normal ambulance. For higher education of children between the age of 18-25 years, support of Rs 8 lakh will be provided, while for daughters this amount will increase to Rs 10 lakh. An assistance of Rs 50,000 is also included to cover the travel expenses of two family members in case of an accident and the facility to bring the body home.
Other government banks can also bring such a package
At present this scheme is mainly implemented in SBI, but in future other government banks like Punjab National Bank, Bank of Baroda, Indian Bank and Canara Bank can also bring similar attractive packages for pensioners. Pensioners can contact their nearest SBI branch to avail this facility and make their life after retirement more secure and peaceful.