One year Life insurance scheme.
Auto renewed every year.
Offering coverage for death due to any reason.
Anyone of age between 18 and 50 years can join the scheme through a Savings bank account.
Could be renewed till attaining 55 years of age.
The scheme offers a sum assured of Rs. 2 lakh on death of the insured member due to any reason at an annual premium of Rs. 330/-
From date of joining to the following 31st May
Amount will be automatically debited from the SB account between 20th to 31st May.
Customer shall indemnify the Bank for unauthorized access by any third party to any information/instructions/triggers given by the Customer or breach of confidentiality.