Indian Navy and Bajaj Allianz Life Insurance MoU for Naval Civilians
| Aspect | Details |
|---|---|
| Why in News | The Indian Navy signed an MoU with Bajaj Allianz Life Insurance to enhance financial security for Naval Civilians. |
| Event | Memorandum of Understanding (MoU) signed in 2024, during the "Year of Naval Civilians." |
| Partnering Organization | Bajaj Allianz Life Insurance |
| Target Group | Naval Civilians (employees of the Indian Navy) |
| Insurance Product | Voluntary life insurance, including term insurance |
| Coverage | Provides financial relief in case of the employee's death or other covered circumstances. |
| Vice Admiral's Statement | Vice Admiral Sanjay Bhalla emphasized the importance of this partnership in improving civilian welfare. |
| Key Focus | Financial security and inclusivity for the Navy's civilian workforce and their families. |