Question: Under the agreement between Rajasthan Police and State Bank of India, free life insurance cover of what amount will be available to all personnel and officers of Rajasthan Police under the Police Salary Package?
(a) 2 lakhs
(b) 3 lakhs
(c) 4 lakhs
(d) 5 lakhs
Answer: (b)
Related Facts:
- On January 3rd, 2018, the Memorandum of Understanding was signed between the Rajasthan Police and the State Bank of India (SBI) for the Police Salary Package and the MoU documents were handed over to each other.
- On opening of Salary Account in SBI under Police Salary Package, they will be given various types of insurance cover facilities and discounts.
- Under this special package, free life insurance cover of 3 lakh rupees will be available to all personnel and officers of Rajasthan Police.
- Under this, even in the case of normal death, his nominee will be given a sum of Rs. 3 lakhs.
- Insurance of Rs. 30 lakhs will be provided upon death during an encounter or during the operation and in case of accident during the discharge of duty.
- The facility of insurance cover of 30 lakh rupees will be available even on permanent disability in an accident during discharge duty.
- Under this package, many other benefits have been included for the welfare of the police and officers and employees and their families, including the facility of retail loans, especially housing loan and others, repairs in their homes, renewal, additional construction etc., and car and two-wheeler loan, Education loans and personal loans etc.
- Rajasthan Policemen in Rajasthan, under the corporate salary package of State Bank of India, with the use of the largest ATM network in India, will get facilities for Zero balance, 50 percent relax in processing charge for personal and car loan and 100 percent discount on housing loan.
Reference:
http://www.khaskhabar.com/local/rajasthan/jaipur-news/news-rajasthan-police-and-sbi-to-mou-for-salary-package-news-hindi-1-283729-KKN.html
https://hindi.news18.com/news/rajasthan/jaipur-rajasthan-police-salary-package-of-state-bank-of-india-1219578.html