AP Govt Employees Secure Rs 1 Crore Accident Insurance via SBI SGSP Accounts

• AP government employees with SBI SGSP accounts receive free Rs 1 Crore Personal Accident Insurance.
• The scheme is a result of an MoU between the AP government and SBI signed in March 2025.
• Head Constable Piccheswara Rao's family received the first Rs 1 Crore claim after his accidental death on duty.
• CM Chandrababu Naidu personally handed over the Rs 1 Crore check to Piccheswara Rao's family on Dec 29, 2025.
• This insurance covers accidental death only, providing crucial financial security to employees' families.

Why It Matters: AP govt employees with SBI SGSP accounts get free Rs 1 Cr accidental death insurance, boosting financial security.