Archive · 2 Sep 2025
Indian Railways and SBI Enhance Employee Insurance
Indian Railways and State Bank of India have partnered to provide better insurance to railway employees.
If employees have a salary account with SBI, they will get Rs 1 crore if they die in an accident.
There's also Rs 10 lakh for natural deaths, plus more benefits.
The goal is to help railway staff and their families, without extra costs or tests.
Indian Railways and SBI signed an MoU to enhance employee insurance.
Employees with SBI salary accounts get Rs 1 crore accidental death cover.
Natural death insurance of Rs 10 lakh is provided.
Air accident cover of Rs 1.60 crore is also available.
Around 7 lakh railway employees are included in the agreement.
- Who
- Indian Railways employees
- What
- Will receive increased insurance coverage through a new MoU with SBI.
- When
- The MoU was signed on Monday, September 1
- Where
- Not explicitly mentioned in the articles.
- Why
- To enhance employee welfare.
- Partners
- Indian Railways, State Bank of India
- Accidental Death Coverage
- Rs 1 crore
- Air Accident Cover
- Rs 1.60 crore + up to Rs 1 crore (RuPay)
- Natural Death Coverage
- Rs 10 lakh
- Employees Covered
- Approx. 7 lakh
Sources
Railway Employees To Get Rs 1 Crore Accidental Death Cover Via SBI Salary Accounts
Railway employees with SBI salary accounts to get Rs 1 crore accidental death cover
Railway employees with SBI salary accounts to get Rs 1 crore accidental death cover
