SBI signs MoU with BSF to provide curated benefits

New Delhi, April 4 : State Bank of India (SBI) has signed a Memorandum of Understanding (MoU) with the Border Security Force (BSF) to offer special benefits to the serving and retired BSF personnel and family pensioners through the Central Armed Police Salary Package (CAPSP) Scheme. The MoU will ensure extensive benefits to the security forces including complimentary Personal and Air Accidental Insurance (Death) cover, additional cover in case of on-duty death, and permanent total disability or partial disability cover, a statement from the Bank said on Monday. The MoU will support child education and the marriage of girl children of deceased BSF personnel. The retired personnel will be eligible for complimentary Personal Accidental (Death) Insurance, irrespective of age, whereas family pensioners will be eligible for a bouquet of benefits. Dinesh Khara, Chairman, SBI, said, “We are humbled to partner with the Border Security Force and provide solutions that aim to benefit and ensure financial security for the BSF personnel and their families. It is an honour and a matter of pride for us to be associated with this force and offer a host of curated benefits through our Central Armed Police Salary Package (CAPSP), which ensures ease of access to banking facilities to them and their families.” AKM SY 1456

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