Maha Suraksha Scheme

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.

Annual Premium 

Age Annual Premium (in Rs)
18 to 35 years 162.00
36 to 50 years 378.00
51 to 54 years 890.00
55 to 59 years 1281.00
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IMPORTANT: Bank of Maharashtra never ask for Bank account details for any purpose through phone call/email/SMS.

Bank appeals to all the customers not to respond to such phone call/email/SMS and not to share their bank account detail with any one for any purpose. Never share your CVV/ PIN No. of Debit/Credit card to anyone.