The Union Bank of India has announced some good news for Singareni employees. Starting from February 1, Singareni employees who have an account with Union Bank of India will be eligible for accident insurance up to Rs.1 crore. This is a significant increase from the previous coverage of Rs.40 lakhs.
The decision to increase the insurance coverage was made after discussions between Singareni CMD Balaram and officials from the bank. The new insurance scheme aims to provide better financial protection for Singareni employees in case of accidents.
This update will bring relief to Singareni employees and their families, as they will now have a higher level of financial security in case of unfortunate incidents. The increased coverage will help ensure that they can receive adequate compensation and support during difficult times.
Overall, this move by the Union Bank of India is a positive step towards improving the welfare and well-being of Singareni employees.
