Bank of India signs MOU with Indian Coast Guard for BOI Rakshak package

May 9, Mumbai: Bank of India has signed a MOU with the Indian Coast Guard, offering a Defence service Salary Package with best in class features under its “BOI Rakshak Salary/ Pension Savings Scheme”.

The signing ceremony was held on May 9, at the Coast Guard Headquarters, New Delhi, with the Indian Coast Guard represented by Narendra Singh, Deputy Inspector General & Principal Director (Administration) and Bank of India was represented by Sharda Bhushan Rai, Chief General Manager Head Office (Resource/ Marketing/ GBD) Mumbai, Lokesh Krishna, General Manager FGMO New Delhi and Ajay Kumar Panth, Deputy General Manager, Government Business Department.

Through this BOI Rakshak Package, Bank of India will offer numerous benefits to all ranks of the Indian Coast Guard, veterans, recruits and agniveers including personal accidental insurance coverage upto 150 Lakhs, Permanent Total Disability cover upto Rs 50 Lakhs, Air Accidental Cover upto Rs 100 Lakhs and Permanent Partial Disability Cover of Rs 25 Lakhs.

Apart from this the Bank will also offer Concessions in Retail Loans, Processing Charges and Locker Rentals.

BOI’s digital Initiative and BOI Mobile Omni Neo app will also enable the defence personnel at borders and other remote areas to stay connected and get easy access to a bouquet of financial solutions.