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The Bank has tied up with The New India Assurance Company Ltd. for offering this scheme to its individual customers, as Master Policy Holder.
Individuals / Savings Bank Account holders between 18 years (completed) and 70 years (age nearer birthday) may join this Insurance scheme with facility of auto-debit premium on annual basis.
The cover shall be for one year commencing June 1 to May 31 the next year.
Rs. 12 per annum.
The premium will be debited to the subscribers’ Saving Account with the Bank. For renewal of the policy, it will be auto debited between May 25 and May 31, unless the customer has given the cancellation request to the Bank for the policy.
Total coverage (sum-insured) under the scheme is Rs. 2 Lakh.
| # | Table of Benefits | Sum Insured |
|---|---|---|
| 1 | Death | Rs. 2 Lakh |
| 2 | Total and irrecoverable loss of both eyes or loss of use of both hands or feet or loss of sight of one eye and loss of use of one hand or one foot | Rs. 2 Lakh |
| 3 | Total and irrecoverable loss of sight of one eye or loss of use of one hand or one foot | Rs. 1 Lakh |
| *The total amount that can be claimed under the policy is INR 2 lakh only | ||