Life Insurance Cover for Savings /Current/Term Deposit Account Holders
Maha Suraksha Scheme covers savings , Current and Term deposits and provides value addition of life insurance for deposit account holders. The deposit holders of the Bank aged between 18-59 years can avail life insurance cover under a one year Renewable Term Insurance Plan of LIC Of India.
- Life cover of Rs. 1 lakh.
- Life Insurance cover upto 60 years of age.
- Very low premium since coverage is under group insurance.
- No medical tests required .
- Nomination facility.
- Simple payment mechanism- the premium can be debited to customers account.
- For more details please refer to H.O. Circular number AX1/ABC/Group Insurance/2012-13/51 dated 30.08.2012.