Archive · 30 Aug 2026
Union Bank Settles Rs 1.50 Crore Claims for Police Families
Union Bank of India gave money to families of police personnel who had died.
The total amount given was Rs.1.50 crore.
The payments were linked to the police salary accounts held with the bank.
These accounts include insurance benefits without an extra premium.
The benefits include personal accident protection of Rs.1.20 crore and term life insurance of Rs.10 lakh.
Bank officials said they wanted to support the families during a difficult time.
Police Commissioner Shankhabrata Bagchi thanked the bank for its help.
Two beneficiaries, Kadasingi Bharati and Peela Anuradha, each received Rs.10 lakh.
Union Bank of India handed over cheques totaling Rs.1.50 crore to families of deceased police personnel.
The payments were made under the bank’s police salary package and associated insurance benefits.
Visakhapatnam City Commissioner of Police Shankhabrata Bagchi and senior bank officials presented the cheques.
The package includes zero-premium personal accident cover of Rs.1.20 crore and term life cover of Rs.10 lakh.
Kadasingi Bharati and Peela Anuradha each received Rs.10 lakh under the term life insurance cover.
- Who
- Union Bank of India, families of deceased police personnel, City Commissioner of Police Shankhabrata Bagchi, and bank officials.
- What
- The bank handed over cheques totaling Rs.1.50 crore for death claim settlements.
- When
- The articles do not specify a date.
- Where
- Union Bank of India’s regional office in Visakhapatnam.
- Why
- The payments were made under the police salary package’s insurance benefits for deceased police personnel.
- Total claim settlement
- Rs.1.50 crore
- Beneficiaries
- Families of deceased police personnel
- Insurance package
- Union Bank Police Salary Account
- Personal accident cover
- Rs.1.20 crore
- Term life cover
- Rs.10 lakh
- Individual payments mentioned
- Kadasingi Bharati and Peela Anuradha each received Rs.10 lakh
- Premium structure
- The package includes zero-premium insurance benefits