Following the Ministry of Finance‘s recent initiative to simplify financial management for government personnel, the State Bank of India (SBI) has rolled out its Comprehensive Pension Package (CPP) for 2026. This package is specifically designed to provide central government pensioners with high-value insurance and banking perks without the typical overhead of retail accounts.
Add rightsofemployees.com as a Preferred Source
Also Read | Cyber Fraud Complaint: Have you been cheated online? Where to complain and what is…
1. Eligibility and Core Banking Benefits
The package targets Central Government Pensioners aged 70 and above, offering a “zero-friction” banking experience to support senior citizens.
-
Zero Minimum Balance: No requirement to maintain a Monthly Average Balance (MAB).
-
Free Digital Services: Unlimited free SMS alerts and no issuance charges for debit cards.
-
Premium Card Access: Provision of a RuPay Platinum Gold Debit Card for enhanced transaction limits and offers.
-
Complimentary Services: Free multicity cheque leaves (typically 25 per month) and waived processing fees for various retail loans.
Also Read | Cyber Fraud Complaint: Have you been cheated online? Where to complain and what is…
2. Insurance Coverage: The ₹30 Lakh Shield
The most significant feature of the 2026 CPP is the Personal Accident Insurance (PAI). In the event of accidental death, the nominee is eligible for a cover of ₹30 Lakh.
Add-on Covers (Admissible with PAI Claim)
In addition to the base death cover, the policy includes several critical “living benefits” and support reimbursements:
| Benefit Category | Maximum Coverage Limit |
| Medical Tech & Surgery | Up to ₹10 Lakh for plastic surgery in burn cases. |
| Critical Transport | Up to ₹10 Lakh for Air Ambulance services. |
| Coma Benefit | Up to ₹5 Lakh for death following a coma exceeding 48 hours. |
| Child Education | Up to ₹8 Lakh for boys; Up to ₹10 Lakh for girls (Ages 18–25). |
| Family Support | Up to ₹50,000 for travel costs of 2 immediate family members. |
| Medicine Logistics | Up to ₹5 Lakh for transportation of imported medicines. |
3. Medical Benefit Schemes (Staff Pensioners)
For those who were specifically SBI staff members, the 2026-27 renewal cycle for SBI Health Assist (Policy B) is currently open.
-
Registration Window: Available from December 22, 2025, to January 15, 2026.
-
New Feature: A 50% premium subsidization is available for pensioners aged 80 and above under certain base plans….
Also Read | Cyber Fraud Complaint: Have you been cheated online? Where to complain and what is…
Add rightsofemployees.com as a Preferred Source
