Agreement between State Bank of India and Indian Railways.
A historic agreement was signed between State Bank of India and Indian Railways on Monday. In the presence of Railway Minister Ashwini Vaishnav, the MoU was signed at the Rail Bhawan in New Delhi. With this agreement, railway employees will get many benefits under salary package. In which all railway personnel will get the benefit of accident insurance.
In fact, the agreement was signed on this agreement in the presence of Railway Minister Ashwini Vaishnav, Railway Board Chairman Satish Kumar and SBI Chairman CS Setty. This step is a historical initiative towards employee welfare.
Benefit will be available without premium
Explain that under this agreement, railway employees having salary accounts in the state back will get more insurance coverage than before. Apart from this, employees will get an additional cover of up to Rs 1 crore through Rupay Debit Card.
Accident cover up to 1 crore
In the event of death in the accident, employees will get an insurance cover of up to Rs 1 crore, which is more than existing coverage (1.20 lakh for Group A, 60,000 for Group B and Rs 30,000 for Group C) under the Central Government Employees Group Insurance Scheme (CGEGIS). Apart from this, an insurance cover of Rs 10 lakh will also be given for natural death. That too will be available without any premium or medical test.
Millions of employees will get benefit
According to the information, currently about 7 lakh railway employees have a salary account in the State Bank, which will benefit a large section of railway employees from this agreement. The agreement also includes a free cover of Rs 1 crore for permanent complete disability in the accident and up to Rs 80 lakh for permanent partial disability.