Army, PNB sign MoU on Rakshak Plus Package
New Delhi: Punjab National Bank and the Indian Army entered into a Memorandum of Understanding for offering a customised RAKSHAK PLUS Package to Army Personnel and veterans across India at South Block, New Delhi on January 8, 2019.
Naveen Kumar, General Manager, Retail Banking Division representing PNB and Maj Gen Sanjay Singh the Additional Director General Personnel Services signed the MOU. The event was organised under the Chairmanship of Lt Gen Ashwani Kumar, the Adjutant General of the Indian Army.
The MoU of the Rakshak Plus package has been signed in continuation of the previous MoU signed in June 2015, by incorporating various new features. To show solidarity with Indian Army personnel, the Personal Accident insurance (PAI) and Air Accident insurance (AAI) has been increased to Rs. 30 lakhs and Rs. 1 crore respectively.