Punjab National Bank (PNB) handed over an insurance cheque of ₹50 lakh to Smt. Shanti Devi, wife of Late Shri Nag Narayan Mahto, who was an employee of the Election Commission of India. PNB provided insurance cheque as the deceased had a Salary Account with Punjab National Bank.
The cheque was presented by Shri Rahul Sharma, Principal Secretary, Election Commission of India, in the presence of senior PNB officials – Shri Alok Jain, Circle Head (South Delhi), Shri Amar Sinha, AGM, BO Sansad Marg, and Shri Dayalu Beg, Chief Manager.
The public sector banks in India have launched a composite salary package for central government employees. The banks are providing several free benefits to employees for just maintaining their salary accounts in the banks.
PNB is offering free insurance coverage upto Rs.3 crore to central government employees for maintaining their salary package in the bank. Some of the benefits offered by PNB to government employees are as follows:
| Parameters | Features |
|---|---|
| Customized Account Number | Available; Your Account Your Choice |
| Personal Accidental Insurance | ₹150 lakhs |
| Air Accident Insurance | ₹300 lakhs |
| Permanent Total Disability | ₹150 lakhs |
| Permanent Partial Disability | Upto ₹75 lakhs. Percentage of disability will be as per the GPA Schedule. In case of multiple injuries, maximum claim up to the Sum Insured amount. |
| Higher Education Cover for College and Higher Studies | Upto ₹8 lakhs (Male Child) and upto ₹10 lakhs (Girl Child) in aggregate, 25% of entitled Personal Accidental Insurance cover (for any one child only) for 3 years. |
| Girl Child Marriage Cover | 20% of entitled Personal Accidental Insurance cover up to ₹5 lakhs for one girl child, maximum ₹10 lakhs in aggregate for two girl children (18–25 years), i.e. ₹5 lakhs each or ₹5 lakhs for one girl child. |
| Emergency Medical Expenses | ₹25,000 |
| Ambulance Charges | ₹50,000 |
| Air Ambulance Charges | Maximum upto ₹10 lakhs |
| Funeral Expenses | ₹10,000 |
| Plastic Surgery in Burn Cases | Maximum upto ₹10 lakhs |
| Transportation of Imported Medicine | Maximum ₹5 lakhs |
| Death in Coma (more than 48 hours) after accident | Maximum ₹5 lakhs |
| Family Transportation | Maximum ₹50,000 (cost of travel incurred by immediate two family members) |
| Repatriation of Mortal Remains | Maximum ₹50,000 |
| Additional Cover for Death While Performing Official Duties on Foreign Soil | ₹10 lakhs |
| Term Life Insurance Cover | ₹12 lakhs |
| Term Life Insurance – Add-on Cover (Cost to be borne by A/c holder) | Available upto ₹100 lakhs by PNB MetLife India Insurance Co. Ltd. |
| Wellness Program / Benefits / Annual Health Check-up | • Free Annual Health Check-up on a cashless basis with option of home visit and lab collection. • Unlimited Tele Consultation. • Personal Accidental Insurance of ₹4 lakhs with permanent total disability cover of ₹125% of Sum Insured. |
| Hospicash Benefit | ₹60,000 per annum |
| Health / Medical Insurance Cover @ A/c holder cost | Bajaj General Insurance Limited: Upto ₹5 lakh (Individual 2A+2C). Premium: Approx. ₹11,000 to ₹17,000. |
| Top-Up Health / Medical Insurance Cover @ A/c holder cost | Available by Care Health Insurance |
| Minimum Average Balance Requirement | NIL |
| Instant Overdraft Facility | Available |
| Sweep In – Out Facility | Threshold limit: ₹35,000. In multiples of ₹1,000, but minimum Fixed Deposit should be ₹10,000. |
| IMPS / RTGS / NEFT / SMS | IMPS/RTGS/NEFT/SMS charges waived |
| Demand Draft Issuance | Free and Unlimited |
