• 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.

Enrolment through TAB BASED BANKING AT BC LOCATIONS

• Enrolment at BC locations will be done only for those customers who have their mobile number registered in the saving account of the Bank.
• BC Agents should collect all applications from the customer & same to be handed over all the application to branch in turn branch has to authorize and update the nominee name.
• This information will also be conveyed to the customer via SMS.

Enrolments through Internet Banking

• Enrolments received through Internet Banking will be accepted subject to the correctness of Date of Birth and Nomination details.
• Incase the DOB is different from the Bank records, customers are requested to submit the proof to the base branch invariably for updating in Banks records, otherwise the application is liable for rejection
• Existing Nominee will continue, in case of change kindly Contact the Branch for updation.

Enrolments through ATMs

• Enrolments received through ATM will be accepted subject to the correctness of Date of Birth and Nomination details.
• Incase the DOB is different from the Bank records, customers are requested to submit the proof to the base branch invariably for updating in Banks records, otherwise the application is liable for rejection.
• Existing Nominee will continue, in case of change kindly Contact the Branch for updation.

Terms and conditions:

• Customer should not be insured under Pradhan Mantri Suraksha Bima Yojana under any other Saving Bank Account In case the same is found to exist, premium shall stand forfeited and no claims would be paid.
• PMSBY scheme cover starts from the date of subscription/auto-debit request, subject to auto-debit request.
• Customer will have to pay full annual premium even if join the Scheme after the commencement of the Group Policy.
• The membership in the scheme will remain in force as long as all premium due are paid until attaining age of 70 years as on Annual Renewal Date.
• Policy shall be issued if nominee details are not provided in available in SB account.
• The customer response received through their registered mobile number shall be considered as their consent for auto-debit from their savings bank account. The Savings account shall be debited on or before May 31 every year.
• The Personal details of the customer will be validated in terms of information provided by the customer by the time of opening account. In case of any changes customer is advised to contact the branch to get it updated before submitting the application to the branch.
• certifying coverage as per the Scheme, subject to correctness of information provided regarding eligibility and receipt of consideration amount.
• Any information provided by the customer if found to be untrue, the membership to the scheme, shall be treated as cancelled from the date of joining the scheme and all monies paid in respect thereof shall stand forfeited.
• The same details of the customer will be shared with The New India Assurance Co Ltd

• Consent cum Application form - English
• Consent cum Application form - Hindi