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INSURANCE
State Bank of India is a truly caring organization that has, for many years, extended a unique Group Insurance Policy to its retirees, pensioners, family pensioners, and physically disabled dependent children, if any.
Insurance serves as a vital shield against unforeseen circumstances. It protects pensioners from unplanned expenses and provides a financial cushion in the event of accidents, illnesses, and other medical emergencies. Most importantly, it safeguards the financial interests of one’s family in one’s absence.
With the rising cost of living and ever-increasing medical expenses, financial needs in old age have become more challenging. One of the most effective ways to address both physical and financial limitations is by opting for a Senior Citizen Health Insurance cover.
State Bank of India offers comprehensive medical coverage at a very nominal premium, with category-wise subsidies for family pensioners and super senior citizens. The policy also includes medicine benefits and provides crucial financial protection against unforeseen medical emergencies—ensuring peace of mind and dignity in the post-retirement years.
SBI Tribute
● The State Bank of India has introduced the SBI TRIBUTE Scheme, under which a one-time lump sum amount of ₹30,000/- is paid to the spouse of a deceased pensioner
● The amount is credited within 72 hours
● Debit is made to the Charges Account under the narration “Payment under SBI TRIBUTE.
● As part of this initiative, Bank representatives along with Association representatives visit the residence of the deceased pensioner to personally convey condolences and extend support to the bereaved family.
This compassionate initiative reflects the Bank’s deep concern for its retired employees and their families. The scheme not only honours the dedicated service rendered by our pensioners but also provides immediate financial assistance during a period of grief. Importantly, it facilitates the timely commencement of family pension, offering crucial support at a sensitive and difficult time.
This thoughtful step once again reinforces SBI’s unwavering commitment to the welfare of its pensioners and their families.
“SBI – Zindagi ke Saath Bhi, Zindagi ke Baad Bhi”
DISPENSARY
We proudly say that the State Bank of India is our motherly organisation, which continues to care for its pensioners even after retirement.
One of the most important needs of senior citizens is medicines, which are as essential as food for survival. Understanding this critical requirement, the Bank has thoughtfully provided Dispensary facilities for pensioners, family pensioners, and specially-abled dependent child/children (if any).
Under this arrangement, doctor consultations and medicines are made available through Bank dispensaries located at Corporate Centre (CC), Local Head Offices (LHO), Administrative Offices (AO), and selected district centres, depending on the place of retirement. This facility significantly reduces the financial burden of medical expenses at a stage when income is drastically reduced after retirement and medicine costs are steadily rising.
In addition to medicines, another extremely vital support for senior citizens is periodic pathological tests. The continuation of this facility even after retirement is a great relief, as such tests are otherwise very expensive in today’s scenario. This support is truly the need of the hour.
These thoughtful initiatives reflect SBI’s deep concern for the well-being of its retirees.
Long live our esteemed organisation – STATE BANK OF INDIA.