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SBI and BSF sign a memorandum of understanding to provide CAPSP benefits

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SBI and BSF sign a memorandum of understanding to provide CAPSP benefits
fsjd_icon1 CURRENT AFFAIRS

Description

Highlights

Through the Central Armed Police Salary Package (CAPSP) Scheme, the SBI and the Border Security Force (BSF) have inked a Memorandum of Understanding (MoU) to provide financial security solutions to BSF soldiers. Active-duty security personnel, retirees, and family pensioners will all benefit from the MoU.

These may include, among other things, complimentary Personal and Air Accidental Insurance (Death) coverage, additional coverage in the event of on-duty death, Permanent Total Disability / Partial Disability coverage, and support for the deceased BSF personnel's girl children's education and marriage.

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