Union Bank of India Settles ₹1 Crore Accidental Insurance Claim Under Salary Package
Union Bank of India has facilitated the settlement of an ₹1 crore accidental insurance claim under its Indian Railway Salary Package Scheme to the nominee of late Ishwar Brijlal Kokani.
The claim settlement highlights the insurance protection available to eligible customers under the salary package, providing financial support to the family of an account holder in the event of accidental death.
Union Bank of India said the settlement underscores that a salary account can offer benefits beyond routine banking services, including financial protection for nominees and families.
Key Details
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Bank: Union Bank of India
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Claim amount: ₹1 crore
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Scheme: Indian Railway Salary Package Scheme
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Beneficiary: Nominee of late Ishwar Brijlal Kokani
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Claim type: Accidental insurance