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A Compassionate, Employee-Centric MoU to Deliver Exclusive Benefits, Particularly For Frontline Group C Railway Personnel & Others

in National September 1, 2025 Comments Off on A Compassionate, Employee-Centric MoU to Deliver Exclusive Benefits, Particularly For Frontline Group C Railway Personnel & Others 529 Views

Newdelhi:1/9/25: A landmark Memorandum of Understanding (MoU) was signed today between two of India’s leading institutions – Indian Railways (IR), one of the largest rail networks in the world, and the State Bank of India (SBI), the country’s largest public sector bank. The ceremony was honoured by the August presence of the Hon’ble Minister for Railways, Information & Broadcasting, Electronics & Information Technology, Shri Ashwini Vaishnaw;  the Chairman, Railway Board, Shri Satish Kumar; and the Chairman, SBI, Shri C.S. Setty.

Under this MoU, insurance coverage for Railway employees maintaining salary accounts with SBI has been significantly enhanced. In the event of accidental death, the insurance benefit has been increased to ₹1 crore, compared to the current coverage of ₹1.20 lakh, ₹60,000, and ₹30,000 for Group A, B, and C employees, respectively, covered under CGEGIS.

Some of the key complementary insurance covers under this MoU include: Air Accident Insurance (Death) Cover of ₹1.60 crore plus an additional up to ₹1.00 crore on RuPay Debit Card; Personal Accident (Permanent Total Disablement) Cover of ₹1.00 crore; and Personal Accident (Permanent Partial Disability) Cover of up to ₹80 lakh.

This MoU between two leading entities is employee-centric, compassionate, and designed to bring exclusive benefits to the workforce—especially frontline railway personnel in Group C and others.

About Editor in chief

Ashok Palit has completed his graduation from Upendranath College Soro, Balasore and post graduation from Utkal University in Odia Language and literture.. He has also carved out a niche for himself as a scribe of eminence after joining the profession in 1988. He is also an independent media production professional. He brings loads of experience to Advanced Media, Ashok Palit as a cineaste has been active in film criticism for over three decades. As a film society activist, he soared to eminence for his profound commitment to the art film appreciation and aesthetics of cinema. His mode of discourse is often erudite but always lucid and comprehensible marked by a perfect acumen so rare in the field. A film aesthete with an immense fond of critical sensibilities, he wrote about growth and development of odia cinema in New Indian Express, The Times of India, The Hindustan Times, The Asian Age and Screen. He has been working as an Editor for Cine Samaya from 2002-2004.. He had made solid contribution on cinema in many odia Dailies and weekly such as Samaj, Prajatantra, Dharatri, Samaya, Satabadi, and weekly Samaya.
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