Archive · 10 Oct 2026
Uttar Pradesh Employees Offered Insurance Benefits Under Axis Bank MoU
The Uttar Pradesh government has made an agreement with Axis Bank.
It is meant to give state government employees special salary accounts and extra benefits.
Eligible employees can get accident insurance of up to ₹1 crore.
They can also get health insurance of up to ₹30 lakh.
The stated premium for that health cover is ₹7 a day.
The agreement also offers up to ₹8 lakh to help pay for dependent children’s education.
Employees will receive ₹10 lakh in term life insurance cover.
The government says the arrangement is intended to strengthen employees’ and families’ financial security.
The Uttar Pradesh Secretariat Administration Department signed an MoU with Axis Bank.
Eligible state government employees will receive personal accident insurance cover of up to ₹1 crore.
Employees will be entitled to health insurance cover of up to ₹30 lakh for a premium of ₹7 per day.
The agreement provides up to ₹8 lakh in assistance for dependent children’s education.
Employees will also receive term life insurance cover of ₹10 lakh and special salary accounts.
- Who
- The Uttar Pradesh Secretariat Administration Department, Axis Bank, and Uttar Pradesh state government employees.
- What
- They signed an MoU providing employees with special salary accounts and insurance and education benefits.
- Where
- Uttar Pradesh, India.
- Why
- The initiative is intended to strengthen employee welfare and the social and financial security of their families.
- Agreement
- MoU between the Secretariat Administration Department, Government of Uttar Pradesh, and Axis Bank
- Personal accident cover
- Up to ₹1 crore for eligible state government employees
- Health cover
- Up to ₹30 lakh, with a stated premium of ₹7 per day
- Education assistance
- Up to ₹8 lakh for dependent children
- Term life cover
- ₹10 lakh
- Salary accounts
- Special salary accounts with banking facilities and additional benefits