- Eligibility: The savings bank account holders of the participating Bank between 18 years (completed) and 70 years who give their consent to join / enable auto-debit, as per the modality, will be enrolled into the scheme.
- Policy Period: The cover shall be for one year period from 1 June to 31 May for which option to join / pay by auto-debit from the designated savings bank account on the prescribed forms will be required to be given. Every year the Policy is renewed in the Month of May wherein balance in the account has to be maintained for Auto Renewal of policy for the next Policy Year.
- Premium: ₹ 20/- (per annum).
- Payment Mode: The premium will be directly auto-debited by the bank from the subscribers account. This is the only mode available
- Risk Coverage: Total coverage (sum-insured) under the scheme is ₹ 2 Lakh.
Table of Benefits Sum Insured I. Accidental Death ₹ 2 Lakh II. 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 ₹ 2 Lakh III. Total and irrecoverable loss of sight of one eye or loss of use of one hand or one foot ₹ 1 Lakh
*The cover is subject to exclusions of the policy.