Govt employees to get insurance cover up to 1cr

Govt employees to get insurance cover up to 1cr 

10.10.2026

Lucknow: In an initiative to strengthen the welfare of state govt employees and enhance the social and financial security of their families, the Yogi govt has signed a memorandum of understanding (MoU) with Axis Bank. 

The MoU was signed between the Secretariat Administration Department and Axis Bank. Under the agreement, state govt employees will be provided with specially designed salary accounts offering several additional benefits, including personal accident insurance cover of up to Rs 1 crore. 

The initiative aims to provide financial security to employees and their families in unforeseen circumstances. In addition, employees will be entitled to health insurance cover of up to Rs 30 lakh at a nominal premium of just Rs 7 per day. 

This will offer additional financial protection against expenses arising from serious illnesses or unforeseen medical emergencies. The arrangement also provides for financial assistance of up to Rs 8 lakh for the education of dependent children. 

In addition, employees will receive term life insurance cover of Rs 10 lakh. Under the MoU, employees will be offered special salary accounts with a range of banking facilities, along with additional security and welfare benefits. Times News Network