SBI Provides ₹1 Crore Insurance to Family of Deceased Constable

Swift Summary:

• Assistant Sub Inspector of Police Y. Guruswamy passed away in March due to severe head injuries sustained in a road accident while on duty.
• The State Bank of India (SBI) processed an insurance claim worth ₹1 crore for his wife, Y.Chittemma, under the Police Salary Package (PSP) scheme.
• Oriental Insurance, collaborating with SBI for this scheme, finalized the claim in coordination with SBI’s Yerpedu branch manager and A.P. Police Association President Somasekhar Reddy.
• Superintendent of Police V. Harshavardhan Raju presented the cheque to Ms. Chittemma.

Indian Opinion Analysis:
This incident underscores the importance of financial security measures provided to government employees,especially those serving high-risk professions like law enforcement officers. The prompt processing of such claims reflects efficiency and cooperation among institutions like SBI and Oriental insurance under dedicated schemes such as PSP, aiding families during crises effectively.

For India’s welfare priorities, a comprehensive insurance structure strengthens trust in public service organizations by offering tangible benefits to families of deceased personnel-a testament to social accountability and partnership between banking systems and state mechanisms.

Link for read more: The Hindu Article