Indian Railways - SBI - newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra https://newsmantra.in/tag/indian-railways-sbi/ Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra Tue, 02 Sep 2025 10:24:32 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.3 https://newsmantra.in/wp-content/uploads/2019/05/cropped-newmantra-logo-32x32.png Indian Railways - SBI - newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra https://newsmantra.in/tag/indian-railways-sbi/ 32 32 Railways, SBI Ink MoU To Provide Enhanced Insurance Benefits For Railway Employees https://newsmantra.in/railways-sbi-ink-mou-to-provide-enhanced-insurance-benefits-for-railway-employees/ Tue, 02 Sep 2025 10:24:32 +0000 https://newsmantra.in/?p=68682 NEW DELHI. Indian Railways and the State Bank of India (SBI) have signed a Memorandum of Understanding (MoU) to offer enhanced insurance benefits to railway employees holding salary accounts with SBI. Signed in the presence of Union Minister Ashwini Vaishnaw, the agreement increases the accidental death insurance cover to ₹1...

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]]> NEW DELHI. Indian Railways and the State Bank of India (SBI) have signed a Memorandum of Understanding (MoU) to offer enhanced insurance benefits to railway employees holding salary accounts with SBI. Signed in the presence of Union Minister Ashwini Vaishnaw, the agreement increases the accidental death insurance cover to ₹1 crore, a significant rise from the previous ₹30,000 to ₹1.20 lakh coverage under the Central Government Employees Group Insurance Scheme (CGEGIS). Additionally, employees will receive natural death insurance coverage of ₹10 lakh without any premium or medical tests, benefiting nearly 7 lakh railway staff members.

The MoU also introduces complimentary insurance provisions, including air accident death insurance of ₹1.60 crore along with up to ₹1 crore coverage on RuPay Debit Cards, personal accident permanent total disablement cover of ₹1 crore, and permanent partial disability cover of up to ₹80 lakh. This initiative is seen as a compassionate, employee-centric step, especially aimed at frontline Group C railway personnel and other staff, offering them financial security and peace of mind.

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