New Delhi. The new salary bank account for central government employees has three main sections – banking, insurance and cards. Zero balance salary account with advanced banking facilities, checking facility with free RTGS/NEFT/UPI; Concessional loans for housing, education, vehicle and personal need; Waiver in loan processing fees; And discounts on locker rentals are included.

There will be inbuilt term life insurance protection of up to Rs 20 lakh in the salary account itself and additional top-up facility to increase the insurance coverage at an affordable premium. Comprehensive health insurance coverage for employee and family consisting of a base plan and additional top-up facility. Also, better benefits like airport lounge access, rewards program and cashback offers will be given on debit and credit cards.

Mediclaim Ayush Insurance Policy for CGHS Beneficiaries
The Government has announced the launch of a comprehensive Mediclaim AYUSH Insurance for the beneficiaries of Central Government Employees and Pensioners’ Health Services Scheme (CGHS), which will soon be made available through New India Assurance and digital platforms. This scheme is being offered with cashless facility, modern treatment and a large network of hospitals. This policy is available exclusively for CGHS beneficiaries, with a maximum of six members per policy.

Option of Rs 10 lakh or Rs 20 lakh
It offers indemnity-based in-patient hospitalization coverage within the country, with sum insured options up to Rs 10 lakh or Rs 20 lakh. The scheme will have a co-payment component which will include a payment arrangement between the beneficiary and the insurance company on a 70:30 or 50:50 basis. This policy will soon be available at the offices and online platforms of New India Assurance Company Limited. Under this, room rent for normal hospital rooms and ICU is limited to one and two percent per day of the sum insured respectively and 30 days of pre-hospitalization coverage and 60 days of post-hospitalization coverage are available.

AYUSH treatment will be covered up to 100 percent of the sum insured for in-patient hospitalization. Modern treatment has been limited to 25 percent of the sum insured. An optional rider has been placed for 100 percent modern treatment coverage. There is a 10 percent cumulative bonus for every claim-free year.