₹1.24 crore insurance settled for Anganwadi worker’s family
Union Bank of India settled a ₹1.24 crore insurance claim for the family of a deceased Tamil Nadu Anganwadi worker. The payout included personal accident coverage, PMSBY benefits, and debit card insurance.
Why it matters
Highlights the importance of institutional insurance packages for government employees and the efficiency of bank-government MoUs in providing financial security.
Union Bank of India, Tiruppur Region – Vellakoil Branch, on Monday, settled insurance benefits totalling ₹1.24 crore to the nominee of a Tamil Nadu Government Anganwadi worker who had died in a road accident.
Tiruppur Collector Manish Narnaware handed over the cheque to the nominee in the presence of M. Chelladurai, Regional Head, Tiruppur Region, Union Bank of India. A press release issued by the Union Bank of India said that the nominee received ₹1.20 crore under the Bank’s Personal Accident Insurance cover, without any premium, along with ₹2 lakh under PMSBY (Pradhan Mantri Suraksha Bima Yojana) and ₹2 lakh under RuPay ATM/Debit Card insurance cover.
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