Port Blair, Mar 05: Taking a significant step forward towards various welfare measures of A&N Police and their family members, another chapter was added for enhancement of facilities to them. On 05th March, 2024, the Andaman & Nicobar Police has signed Memorandum of Understanding (MoUs) with four banks: Axis Bank, Canara Bank, Bank of Baroda and HDFC Bank, with an aims to enhance the several monetary benefits for the esteemed police personnel, on terms of their Salary accounts with these banks, in the presence of DGP, A&N Islands, Mr. Devesh Chandra Srivastva, IPS.
Pertinently, as of now, a Memorandum of Understanding (MoU) had earlier been successfully executed with the State Bank of India (SBI) last year, covering 97% of the police personnel within the A & N Police force. This MoU, which is valid for a three-year period, ensures that these personnel receive exclusive facilities and benefits, provided through the Police Salary Package offered by the State Bank of India. Furthermore, the period of MoU may be extended for an additional 03 years, with mutual consent of both parties.
The Police Salary package (PSP) is a special package designed for the personnel of Andaman & Nicobar Police with an objective to extend the facilities at par with other States/UTs Police Force and CPOs/CAPFs.
The MoUs signed with the four banks today, provides following incentive/benefits to the A&N Police employees on their salary accounts: –
| BENEFITS | HDFCBANK | CANARA BANK | BANK OF
BARODA |
AXIS BANK |
| Personal Accidental (Death) Insurance Cover | Rs. 70 Lakhs
(Without anyP0Sconditions.) |
Rs.6 lakhs for Silver category
Rs.26 Lakhs for Gold category Rs.44 lakhs to Diamond category Rs. 54 lakhs for Platinum category |
For Serving Personnel
On -duty cover Rs.75 Lakhs & Off-dutycoverRs.60Lakhs.
For pensioners PAI cover upto Rs 30 Lakhs, |
Rs.30 Lakhs covering all on/off duty including any type of incident which is accidental in nature without POS transaction |
| Permanent Total Disability cover | Rs.70Lakhs | Not mentioned | For Serving Personnel up to Rs.60Lakhs
For Pensioners up to Rs 30 Lakhs. |
Rs. Upto Rs.30Lakhs (in case of personal accident) |
| Partial Disability Cover | Not mentioned | For Serving Personnel up toRs.30Lakhs
For Pensioners upto Rs 15 Lakhs. |
Rs. Upto 75% of PAI | |
| Air Accident Insurance (Death) Cover | Rs.1 Crore if the ticket is booked through HDFC Debitcard | Rs. 8 lakhs for Silver category Rs.28 Lakhs for Gold categoryRs.38 lakhs to Diamond category
Rs. 58 lakhs forPlatinum |
Rs. 100 lakhs(subject to the ticket booked on debit card linked to the salary account) | Rs. 1Crore (ticket is purchased on axis debit card) |
| Additional Personal Accident (Death) Cover on ATM Card | Rs.10Lakhs with POS
conditions |
Not mentioned | Rs.10Lakhs on Lifetime free YODDHA Debit cards (Rupay Select Variant)
Rs.20LakhsonLifetimefreeRupayVIKRAMCreditcards(RupayVariant) |
Rs.10 Lakhs in case of death due to terrorist attack (subject to POS transaction) |
| Additional Air Accidental (Death) Insurance | Not mentioned | Not mentioned | If the ticket is booked by debit card then Rs 100 lakhs, otherwise it will be considered as PAI which is On Duty Rs 75 Lakhs and Off Duty Rs 60Lakhs. | Not mentioned |
| Withdraw limit per day at ATMs | Upto Rs.1 Lakhs per day | Rs. 1 lakhs | Max cash withdrawal limit per day Rs 150000/- | Upto Rs. 2 Lakhs (Burgundy category) |
| Education
Loan |
Upto Rs. 4 Lakhs | Not mentioned | Higher education (graduation course) cover of Rs 6 Lakhs (irrespective of no of children). | Rs. 4 Lakhs (12-22 years)
Additional benefit of Rs. 4 Lakhs in case of Girl child |
| Girl Child Cover for | Not Applicable | Not mentioned | Rs. 6 lakhs age between 18-25 years (irrespective of no of girl child). | Not
mentioned |
| Other Benefits | In Case of Accident Death Cover- Rs. 1 Lakh on the Family Account
Basis recommendation from A&N Islands (Police Dept. Sr Officer) 04 students |
POS limit Rs. 5
lakhs Baggage Insurance Rs. 25000/- Competitive ROI and Concessions on Housing Loan, Vehicle Loan & Personal Loan Special feature is providing in Rupay Select Debit card like SPA services upto Rs. 1500 coupon in year, One Health checkup in a year etc. |
Cost of Plastic Surgery/Burns up to Rs.2 lakhs
Transportation of Dead body is actual cost or Rs. 50000/-whichever is lower Processing charges is 100 % waived Baroda radiance program for customer with net relationship value of Rs. 30 lakhs and above |
Hospitalization
Benefit of Rs.20000/-per annum for next 1 year. Personal Loans-available at discounted rate Home Loan-Last 12 EMIs waived off at no extra cost by paying your EMIs regularly, No for enclosure/ Part payment charges, Balance transfer facility available and Rates are subjected to change |
All the benefits as per the MoUs will be automatically extended to all Andaman & Nicobar Police personnel, who are covered under PSP (Police Salary Package) with the above-mentioned banks. The Andaman & Nicobar Police personnel, if they wish, can choose the particular bank, giving them better packages/facilities. It is expected that it will also ensure healthy competition among these banks to outdo each other by giving better packages/facilities and leverage to our personnel for opting for the best, in their individual interest and as per their requirements.
We are always committed to the well -being and high morale of our personnel in a transparent manner and express our gratitude to these banks for extending special packages to our police personnel, who are in service of the public & Islands on a 24X7 basis. It will motivate them further to do their job further with dedication and devotion.
DGP, A&N Islands has lauded Mr. Ajay Krishan Sharma, IPS, DIGP (HQ), Mr. Mohd Irshad Haider, IPS, SP (HQ), Mr. Piyush Jain, DANIPS, Dy. SP (Estt., PHQ), Mr. B. Binu, Senior Accounts Officer (PHQ) and Mr. Anup Kumar Biswas, Accountant (PHQ), for their hard work and dedication in making these MoU happen. It is a significant step towards better support and facilities, for those who serve in A&N Police.
