Archive · 5 Sep 2025
Indian Railways, SBI Partner for Employee Insurance Benefits
The Indian Railways and State Bank of India (SBI) have teamed up to provide better insurance for railway employees.
If railway employees have their salary accounts with SBI, they'll now get a Rs 1 crore insurance if they die in an accident.
They will also get Rs 10 lakh insurance for natural death.
This is a big improvement from the old insurance plan.
About 7 lakh railway workers will benefit from this new agreement.
This deal includes extra coverage for air accidents and disabilities, showing a caring partnership between the Railways and SBI.
Indian Railways signed an MoU with SBI for employee insurance benefits.
Employees with SBI salary accounts get Rs 1 crore accidental death cover.
Natural death insurance coverage of Rs 10 lakh is included.
Approximately 7 lakh railway employees are eligible.
The MoU provides additional insurance, including air accident coverage.
- Who
- Indian Railways employees and SBI
- What
- An MoU for insurance coverage
- When
- Signed on Monday
- Where
- Not explicitly stated
- Why
- To provide significant insurance cover for employees and their families
- Parties Involved
- Indian Railways and State Bank of India (SBI)
- Type of Agreement
- Memorandum of Understanding (MoU)
- Accidental Death Cover
- Rs 1 crore
- Natural Death Cover
- Rs 10 lakh
- Beneficiaries
- Railway employees with SBI salary accounts
- Air Accident Cover
- Rs 1.60 crore + up to Rs 1 crore on RuPay
- Employees maintaining Salary Accounts
- Approximately 7 lakh