Social security and life insurance schemes launched by the Government of India for the benefit of savings account holders.
The scheme declared by our Prime Minister for general public w.e.f. 1 June 2015 can be availed by our SB Account holders of all Branches. This scheme is implemented by Bank in collaboration with Oriental Insurance Co. Ltd.
Individuals of age 18 to 70 years can avail benefit of general accident insurance of ₹2 Lakhs by payment of a nominal premium of ₹12 per year.
Once you fill up the form and join the scheme, your yearly premium will be remitted by the Bank through debit to your account and continued insurance coverage will be available.
To avail the scheme, please open your and your family members' Savings Bank Account with any of our branches.
The scheme is declared by our Prime Minister for General Account Holders of the Bank in collaboration with Life Insurance Corporation of India (LIC).
Under the scheme, account holders between the age of 18 to 50 years will get Life Insurance Cover of ₹2 Lakhs by payment of ₹330 from the account.
Once you fill up the form and join the scheme, your yearly premium will be remitted by the Bank through debit to your account and continued insurance coverage will be available.
To avail the scheme, please open your and your family members' Savings Bank Account with any of our branches.