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SSB has introduced in association with State Bank of India a benefit scheme for SSB employees having salary Accounts in SBI in the name of Para Military Salary Package (PMSP).   Under this scheme, various benefits have been introduced to the account holder with the facility of Insurance Risk Cover in shape of Personal Accident Insurance (PAI) and AAI (Death) cover.  Accordingly, directions have been issued to all SSB unit to motivate personnel to maintain new account with SBI or convert existing Saving Account into Para Military Salary Package (PMSP).

          At present the State Bank of India has renewed this insurance policy with Future Generali India Insurance Company Ltd. (FGIICL) Policy No.A0869238 effected from 4th January 2017 and shall be valid for 01(one) year upto 3rd January 2018.