Who is Eligible for the PNB Rakshak Plus Scheme and What Are Its Benefits?

The PNB Rakshak Plus Scheme is a special support plan by Punjab National Bank for those who serve the country in uniform. This includes armed forces, paramilitary, police, and elite intelligence agencies. It offers high-value insurance coverage and financial services tailored to their unique needs.

Let’s look at who can apply and what benefits they receive.

Who Can Apply for the Rakshak Plus Scheme?

1. Indian Armed Forces

• Personnel serving in the Army, Navy, or Air Force.
• Cadets in training to join these forces.

2. Paramilitary Forces

Members of central paramilitary forces, such as:

• BSF (Border Security Force)
• CRPF (Central Reserve Police Force)
• CISF (Central Industrial Security Force)
• ITBP (Indo-Tibetan Border Police)
• Indian Coast Guard

3. State Police Forces

• Officers from state police departments, especially in metro cities like Delhi, Mumbai, and Kolkata, under the Commissionerate System.

4. Special Forces and Intelligence Agencies

• Officers from RAW (Research and Analysis Wing), IB (Intelligence Bureau), and CBI (Central Bureau of Investigation).
• Special forces at both central and state levels.

Top Benefits of PNB Rakshak Plus Scheme

• Accidental Insurance: ₹1 crore in case of death or total disability while on duty.
• Air Travel Insurance: ₹1.5 crore coverage for death during official air travel.
• Partial Disability Support: Financial help for injuries during duty.
• Customised Banking: Exclusive financial services for defence families.
• Fast Claim Payouts: Quick and hassle-free disbursement to families.

Read more: ₹50 Lakh Home Loan at 10% Interest: Is One-Time Prepayment or Extra EMIs the Better Repayment Strategy?

Conclusion

The PNB Rakshak Plus Scheme is a respectful salute to India’s real heroes. It not only honours their duty but also provides solid financial protection and peace of mind for their families. If you're serving the nation in uniform, this scheme is worth considering.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks. Read all the related documents carefully before investing.