Punjab National Bank (PNB) has signed an MoU with Oriental Insurance Company Limited (OICL) to offer an enhanced PNB Salary Package to serving OICL employees. The package combines insurance coverage, banking services, preferential loans and family-focused benefits.
Key Highlights
PNB has expanded its PNB Salary Package offering for OICL employees through the new partnership. The package provides enhanced insurance coverage, concessional home, education and vehicle loans, family banking facilities, zero-balance accounts and salary-linked overdraft services. Employees can also access preferential locker rent, Hospicash facilities, complimentary credit cards and concessions on selected processing and documentation charges. The benefits extend to employees and their families.
PNB Salary Package Offers Enhanced Insurance Benefits
The PNB Salary Package provides enhanced insurance protection for OICL employees and their families. The package also includes dedicated education and marriage-related covers for employees’ children.
The partnership aims to address the wider financial needs of OICL employees. It combines insurance protection with everyday banking services under one package.
Preferential Loans Under PNB Salary Package
Employees can access concessional benefits on home, education and vehicle loans. PNB will also offer concessions on applicable processing and documentation charges for these loans.
The package includes salary-linked overdraft facilities. Employees can also benefit from preferential locker rent and other selected banking services.
Family Banking and Additional Benefits
The PNB Salary Package extends several services to employees’ families. These include zero-balance family accounts and complimentary essential banking services.
Employees will also receive access to Hospicash facilities and complimentary credit cards. These benefits are aimed at providing greater convenience and value to employees and their families.
PNB and OICL Strengthen Financial Partnership
PNB MD & CEO Ashok Chandra said the agreement will strengthen the relationship between the two public sector financial institutions. He said the partnership will provide customised financial solutions to OICL employees and their families.
OICL CMD Sanjay Joshi said the partnership reflects a shared focus on convenience, security and value. He added that it will further strengthen cooperation between the two institutions.
The PNB Salary Package brings insurance, banking and preferential lending benefits together for OICL employees. The partnership is expected to provide wider access to financial services for employees and their families.
Source : Sarkaritel
