Chennai, April 7 -- The NLC India Limited (NLCIL) on Monday signed Memoranda of Understanding (MoU) with three banks for opening Corporate Salary Accounts for its employees.

The MoUs were signed with Punjab National Bank, Union Bank of India and State Bank of India, NLCIL release here said.

The MoU was signed by Dhanapal, CGM/Finance-Treasury, NLCIL with P.Mahendar, GM, PNB, R. Devaraj, Dy. Zonal Head, Union Bank of India and Ms. Kalpana Mudaliar, DGM (B and O) SBI, in the presence of PrasannaKumar Motupalli, CMD, NLCIL, and senior officials of NLCIL.

The collaboration offers a host of exclusive features like personal accident cover upto Rs.135 lakhs, Air Accident cover up to Rs.250 lakhs, Group Term Insurance upto Rs.10 lakhs, Disab...