♦ The Indian Navy has signed a Memorandum of Understanding (MoU) with Bajaj Allianz Life Insurance Company to provide a diverse range of insurance products, including term insurance, to Naval Civilians at competitive premiums. This initiative is part of the Indian Navy’s “Year of Naval Civilians,” aimed at promoting welfare and inclusivity.

♦ The insurance can be availed by Naval Civilians on a voluntary basis. This will help in providing instant financial relief in case of the death of the incumbent or any other eventuality as covered under insurance policy.