The Jharkhand government has announced a new benefit for its employees, offering free accidental insurance coverage of up to ₹1 crore to those who have their salary accounts with the State Bank of India (SBI). This initiative is part of an agreement between the government and SBI, aimed at providing financial security to state employees. The insurance coverage will be provided without any premium payments from the employees.
Chief Minister Hemant Soren stated that the government is committed to the dignity, safety, and welfare of its employees, who play a crucial role in the state’s development. The new initiative is expected to boost the morale of government employees and provide a better work environment. In addition to the accidental insurance coverage, employees will also have access to various banking services related to health and life insurance without any extra charges.
Around 70,000 policemen in the state are already benefiting from this scheme, and now 1.05 lakh more employees will be eligible for the same benefits. The SBI Personal Accident Insurance scheme provides financial protection to the family in case of accidental death, injury, or permanent disability. The coverage includes 100% of the sum insured in case of accidental death, coverage for permanent disability, bone fracture assistance, ambulance charges, and child education cover.
The government’s decision to provide free accidental insurance coverage to its employees is a significant step towards ensuring their financial security. With this initiative, the Jharkhand government aims to provide a better work environment and boost the morale of its employees. The partnership with SBI will enable the government to provide a range of banking services to its employees, making it easier for them to manage their finances and access various benefits.
The SBI Personal Accident Insurance scheme is a comprehensive policy that provides financial protection to the family in case of unforeseen events. The scheme’s coverage includes a range of benefits, making it an attractive option for government employees. With the government’s commitment to providing financial security to its employees, this initiative is expected to have a positive impact on the state’s development and the well-being of its employees.