Comparison of Free Insurance Benefits by Various Banks for Employees having Salary Accounts 2022

Comparison of Free Insurance Benefits by Various Banks for Employees having Salary Accounts 2022 Free Insurance coverage offered by various Banks for Employees on having Salary Accounts in their Banks. Here is detailed comparison of various Insurance coverage for AP Employees and TS Employees by various leading banks in India like SBI, HDFC Bank, UBI, Axis Bank, Bank of Baroda, Kotak Mahindra Bank. Here in this article the comparison of the Free Insurance Benefits have been discussed. This is exclusive article of www.apteachers.in

Have a Look and convert your Account into Salary Account package to avail these free insurance benefits offered by Banks to Employees. Employees, Teachers Salary Account FREE Insurance Benefits

Comparison of Free Insurance Benefits by Various Banks for Employees Salary Account 2022

Comparison of Free Insurance Benefits offered by various leading banks for Employees having Salary Account Package. List of Banks compared are as follows:

1. SBI Free Insurance for Salary Accounts Packages for Employees
2. Bank of Baroda Free Insurance for Salary Accounts Packages for Employees
3. Union Bank of India Free Insurance for Salary Accounts Packages for Employees
4. Kotak Mahindra Free Insurance for Salary Accounts Packages for Employees
5. HDFC Free Insurance for Salary Accounts Packages for Employees
6. Axis Free Insurance for Salary Accounts Packages for Employees

State Bank of India Salary Account Insurance Benefits for AP Employees

SBI is the State owned largest Bank of India offering various schemes and benefits for customers. SBI offers the free insurance coverages for Employees having Salary Account Package in SBI. The benefits are as follows:

Description	State Bank of India
Group Personal Accident Death Cover (PAI)	Up to Rs.30 Lakhs (with account) www.apteachers.in
	Rs. 10 Lakhs (with upaydebit card)
Permanent Total Disability Cover (PTD)	Up to Rs.30 Lakhs
Permanent Partial Disability Cover (PPD)	Up to Rs.30 Lakhs
Air Accidental Insurance Cover	Up to Rs. 100 Lakhs
Educational Benefit	Up to Rs. 5 Lakhs
Minimum Balance	Zero Balance
Debit Card Charges/ ATM withdrawals	Free unlimited ATM Withdrawals with any bank ATM in India Rs. 1 lakh - Daily ATM Withdrawal limit
Few Other Benefits	Girl child cover for marriage - Maximum 5 lakhs Rupees Air Ambulance -10 lakhs Special concessions on all type of loans/ locker; Zero charges on DD's Many more exciting offers

Salary Account Insurance Benefits for AP Employees by Bank of Baroda

Bank Name	BANK OF BARODA
Group Personal Accident Death Cover (PAI)	Up to Rs.40 Lakhs
	Up to. RS. Rs.10 Lakhs (linked to credit card)
Permanent Total Disability Cover (PTD)www.apteachers.in	Up to Rs.40 Lakhs
Permanent Partial Disability Cover (PPD)	Up to Rs.20 Lakhs
Air Accidental Insurance Cover	Up to Rs.10 Lakhs
	Up to RS. Rs.50 Lakhs (linked to credit card)
Educational Benefit	-
Minimum Balance	Zero Balance
Debit Card Charges/ ATM withdrawals	Lifetime Free RuPay/ VISA Classic Debit Card Free Unlimited transactions at Bank of Baroda ATMs
Few Other Benefits	Overdraft Facility: Max amount Rs.3.00 Lacs (Average of 2 months) 100% waiver in Charges on Depository Services/Demat AMC 20% discount on locker rentals

Union Bank of India UBI Salary Account Insurance Benefits for AP Employees

Bank Name	UNION BANK OF INDIA
Group Personal Accident Death Cover (PAI)	Rs.40 Lakhs (with account)
	Rs.12 Lakhs (with Rupay debit card)
Permanent Total Disability Cover (PTD)	-
Permanent Partial Disability Cover (PPD)	-
Air Accidental Insurance Cover	Rs.100 Lakhs
Educational Benefit	-
Minimum Balance	Zero Balance
Debit Card Charges/ ATM withdrawals	Lifetime Free Platinum Debit Card
Few Other Benefits	Overdraft Facility: 90% of the one- month net salary credited to account with maximum of Rs.50,000/- Hospital Cash Benefits: Rs.15,000/- per annum Loan Facility at discounted rates

Kotak Mahindra Bank Salary Account Insurance Benefits for AP Employees

Bank Name	KOTAK MAHINDRA BANK
Group Personal Accident Death Cover (PAI)	Up to Rs.SO Lakhs
Permanent Total Disability Cover (PTD)	Rs.30 Lakhs
Permanent Partial Disability Cover (PPD)	Rs.30 Lakhs
Air Accidental Insurance Cover	Rs.50 Lakhs
Educational Benefit	Rs.4 Lakhs to 1 dependent child up to 25 years age
Minimum Balance	Zero Balance
Debit Card Charges/ ATM withdrawals	Lifetime Free RuPay Platinum Debit Card Free unlimited ATM Withdrawals with any bank ATM in India Rs. 1 lakh - Daily ATM Withdrawal limit
Few Other Benefits	1 Rent Free Locker Zero charges on DD's/PO's Loan Facility at discounted rates

HDFC Bank Salary Account Insurance Benefits for AP Employees

Bank Name	HDFC BANK
Group Personal Accident Death Cover (PAI)	RS. 30 Lakhs +
	RS. 10 Lakhs (linked to debit card)
Permanent Total Disability Cover (PTD)	RS. 30 Lakhs
Permanent Partial Disability Cover (PPD)	RS. 30 Lakhs
Air Accidental Insurance Cover	RS. 100 Lakhs (linked to card)
Educational Benefit	Up to Rs. 4 Lakhs
Minimum Balance	Zero Balance
Debit Card Charges/ ATM withdrawals	Lifetime Free Millennia Debit Card Free unlimited ATM Withdrawals with any bank ATM in India
Few Other Benefits	Hospital Cash Benefits: Rs.1,000/- per day for 15 days Complimentary Airport Lounge Access Special concessions on all type of loans/ locker Zero charges on DD's

Axis Bank Salary Account Insurance Benefits for AP Employees

Bank Name	AXIS BANK
Group Personal Accident Death Cover (PAI)	Rs :20 Lakhs Health Insurance top up: Sum Insured of Rs 30 Lacs with Rs 3 Lacs Deductible and additional Personal Accidental Insurance cover of Rs.30 Lacs - Top-up policy at Rs 2,499(including GST)
Permanent Total Disability Cover (PTD)
Permanent Partial Disability Cover (PPD)	Up to 75% of the base cover
Air Accidental Insurance Cover	Rs. 100 Lakhs
Educational Benefit	Rs. 4 Lakhs (for child up to 22 years of age) - Additional benefit of Rs. 4 Lakhs in case of girl child (if PA claim is admissible)
Minimum Balance	Zero Balance
Debit Card Charges/ ATM withdrawals	Free unlimited transactions at Axis & Other bank ATMs
Few Other Benefits	Health Insurance top up: Sum Insured of Rs 30 Lacs with Rs 3 Lacs Deductible and additional Personal Accidental Insurance cover of Rs.30 Lacs Top- up policy at at Rs 2,499(including GST)

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