The Finance Department, Government of Nagaland, signed a Memorandum of Understanding (MOU) with the State Bank of India (SBI) on 27th March 2025 for the State Government Salary Package (SGSP) for enhancement of features to provide enhanced salary package benefits to permanent State Government employees operating their salary accounts with SBI.
Key Highlights of the State Government Salary Package include:
1. The Government employees’ family is entitled to Accidental Insurance Cover up to ₹ 1 crore in case of accidental death.
2. Air Accidental Insurance Cover up to ₹ 2.1 crore in case of accidental death of the Government employee.
3. Disability cover up to ₹ 1 crore in case of permanent total disability.
4. Disability cover up to ₹ 80 lakh in case of permanent partial disability.
5. Group term life insurance up to ₹ 10 lakh
6. Child Education Benefit: applicable on the admissibility of Personal Accidental Insurance (Death) cover
7. Girl Child’s Marriage Benefit: applicable on the admissibility of Personal Accidental Insurance (Death) cover.
8. Other add-on covers for plastic surgery in case of burns, import of medicines, ambulance charges, transportation of mortal remains, etc.
9. SBI RISHTEY, which includes a Family Savings account for up to 4 family members, with Personal Accidental Insurance cover of ₹ 5 lakh each for all RISHTEY A/C holders (except minors).
These benefits are to be provided free of cost to the beneficiaries. The MoU en bloc covers the employees already having a Salary account with SBI.
All Government employees have been requested to verify their accounts with the banks for coverage under the Account type SGSP and insist on conversion. For those government employees who have already been converted to SGSP, the variant of account/category based on the net salary may be confirmed with the respective home branch.
In case of any accidental death or disability of Government employees, the concerned family have been requested to approach the Finance Department or the P&AR Department through Nodal Contact No: +91 9863582066.
(DIPR)