Mumbai : Punjab National Bank (PNB), one of nation’s leading Public Sector Bank, has signed a MoU with Directorate General Assam Rifle in Shillong. PNB will offer a bouquet of services with enhanced insurance coverage and other benefits to all the serving personnel and pensioners of the Assam Rifles under the bank’s flagship scheme “PNB Rakshak Plus”.
The MoU was exchanged in presence of Lt General Vikas Lakhera, AVSM, SM, Director General Assam Rifles along with Maj General D.S. Bisht, SM, VSM* (Retd), Chief Defence Banking Advisor & Shri. Sanjeev Bhardwaj, General Manager from Bank.
The agreement was signed by Brigadier Sandip Chatterjee, SM, on behalf of DG Assam Rifles and Mr. Bijender Singh, Zonal Manager, Guwahati.
The benefits offered are as follows:
1. Personal Accidental Insurance – Rs 100 lakhs
2. Air Accidental Insurance – Rs 150 lakhs
3. Permanent/Partial Disability Coverage – Rs 100 lakhs
4. Additional Cover of Death during Operations – Rs 10 lakhs
Additionally, several other benefits like health insurance coverage, concessions in retail loans, specific schemes for dependents and families of Rakshak Account Holders will be extended. The bank remains committed to supporting and honouring the uniformed services and will continue to uphold this commitment in the future.
