ICICI Bank Signs MoU with Assam Rifles for Providing Special Banking Services
The range of services includes zero balance account, preferential allotment of lockers, unlimited free ATM transactions and insurance benefits
Serving and retired persons are eligible for these services
ICICI Bank signed a Memorandum of Understanding (MoU) with the country’s oldest paramilitary force, the Assam Rifles, to offer a range of specially curated banking services to serving and retired personnel. At the headquarters of the Assam Rifles in Shillong, Lt Gen P.C. The MoU was signed by. Nair, AVSM, YSM, Director General- Assam Rifles and Mr. Vishal Batra, Regional Business Head and Head of Defense Ecosystem, ICICI Bank.
As part of the MoU, the bank offers a wide bouquet of benefits such as zero balance account, preferential allotment of lockers, unlimited free transactions at any ATM in India and lifetime free credit card from the bank’s premium Gems collection.
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In addition, the bank offers a variety of insurance benefits to the personnel. ICICI Bank offers air accident insurance cover of Rs. 1 crore on planes – both military and commercial. This unique offer is valid even if the tickets for commercial flights are purchased using cards of other banks. The account holders get a personal accident insurance cover of Rs. 50 lakhs.
They are entitled to get another Rs. 10 lakh, in case of casualties during war or hostile action, which is the highest offered by any bank for equal pay accounts. Also, in case of accidental death, the family of the deceased will get Rs. 5 lakh for children’s education and an additional Rs. 5 lakh for the education of the girl child.
The benefits also include permanent total and partial disability insurance cover of up to Rs 50 lakh for the disabled due to accident. These benefits are available to personnel of all ranks and fresh recruits as well as retired personnel of Assam Rifles up to the age of 80 years.
Speaking about the initiative, Mr. Vishal Batra, Regional Business Head and Head of Defense Ecosystem, ICICI Bank said, “We are honored to sign an MoU with Assam Rifles.
We are pleased to introduce a bouquet of banking services and benefits that are specially designed to provide comfort and convenience to the personnel in daily transactions, through our large network of branches, ATMs and digital banking channels. Provide easy access to banking.
We are confident that this new proposal will benefit a large section of serving and retired personnel of Assam Rifles. Additionally, to provide more protection to the personnel and their families, we are also providing financial assistance along with advanced insurance cover for the education of the children of martyrs.”
ICICI Bank Signs MoU with Assam Rifles for Providing Special Banking Services
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(Except for the headline, this story has not been edited by News East India staff and is published from a syndicated feed.)
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