MPPGCL, keeping the interests of its employees and officers in mind, has signed an agreement with SBI and Union Bank of India for salary package benefits. According to company officials, this agreement will significantly benefit engineers and employees working at the power generating company.
Engineers and employees working at the company can voluntarily receive their salaries from either SBI or Union Bank of India. This will provide employees with free life insurance and other important benefits either free of charge or at discounted rates.
Free ₹1 Crore Accidental Life Insurance
Due to MPPGCL’s agreement with SBI and Union Bank, both banks will provide company employees with free accidental life insurance coverage of ₹1 crore. In addition, salary account holders will receive other benefits from the banks. These include free or discounted home loans, car loans, personal loans, locker facilities, overdrafts, cheques, online banking facilities, life insurance, health insurance, health check-ups, OTT subscriptions, online gym subscriptions, free airport lounge access, and more.