PNB SIGNS MOU WITH INDIAN ARMY FOR ‘AGNIVEERS’

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PNB, through its exclusive scheme for AGNIVEERS ‘PNB AGNI RAKSHAK SCHEME’ offersfree personal accidental insurance and various benefits and features~

New Delhi :Punjab National Bank (PNB), nation’s leading public sector Bank,todaysigneda Memorandum of Understanding (MoU) with the Indian Army to provide specially designed products to the Agniveersunder the bank’sexclusivescheme of‘PNB AGNI RAKSHAK’.This schemeincludes, inter alia, personal accidental insurance, air-accidental insurancecovering all Agniveers along with Zero balance salary account with Sweep facility, Internet banking and Alerts etc.

The signing ceremony of MoU was chaired by Lt Gen C. B. Ponnappa, AVSMVSM (Adjutant General) alongwith other senior Army Officers and officials from Ministry of Defence.

The MoU was exchanged between Lt Gen.V Sreehari, SC, SM, DG (MP & PS) on behalf of the Indian Army, and Shri Sunil Soni, CGM, PNB, in a ceremony at the Indian Army Headquarters in Delhi.

Expressing gratitude for the association, Lt Gen C. B. Ponnappa, AVSMVSM (Adjutant General)said,“Over the past few years, banks have been quick inreleasing payments for insurance claims and addressingimmediate requirements. Further, with new digital services and awareness campaigns, banks are now even more accessible in rural areas, which has been a boon for defence professionals and their families. Hence, I am grateful that these financial institutions are now extending theiradvanced services with the same responsibility to our Agniveers.”

PNB AgniRakshakScheme has been designed in line with thePNB’s flagshipRakshak Plus Scheme for Defence Personnel.

 PNB AgniRakshak Salary Account includes:

  • PNB Agni Rakshak – Most convenient salary account covering all Agniveers
  • Zero Balance salary account bundled with attractive banking services such as Over-draft, Sweep Facility, Debit Card, Credit Card, Locker, Chequebook,Alertsand Internet banking etc.
  • Free Personal Accidental Insurance (PAI) covering Death, Total and Partial Disability of Rs.50 lakhs
  • Free Air Accidental (Death) Insurance of Rs.100 lakhs
  • Various benefits and add-on features under PAI – Additional PAI of Rs. 10 Lakhs in case of terror attacks, child education, girl child marriage cover, imported medicine, plastic surgery etc.

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