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Home >> Deposit Schemes >> Term Deposits >> AB Jeevan Prakash Plus

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TERM DEPOSIT FOR SENIOR CITIZENS

Category

Term Deposit (Cumulative and Non Cumulative) for Senior Citizens

Eligibility

Individual, Either Single or Joint

Minimum Deposit

Rs. 1,00,000 /- and Rs. 2,00,000 /-

Period of Deposit

Minimum I Year to maximum 5 years

Age criteria

Individuals from 61years and upto 65 years

Insurance Cover

Life and Health Cover

Risk covered and Premium

For Rs. 2,00,000 /- deposit:

Life Cover:

Rs. 50,000 /- in case of normal death.

Rs. 1,00,000 /- in case of accidental death

Health Cover:

Sum assured upto Rs. 50,000 /-

For Rs. 1,00,000 /- deposit:

Life Cover:

Rs. 25,000 /- in case of normal death.

Rs. 50,000 /- in case of accidental death

Health Cover:

Sum assured upto Rs. 25,000 /-

Premium

Premium is payable by bank in lieu of 0.5% extra interest payable to Senior citizens.

Terms and conditions apply

Insurance is the subject matter of solicitation

Settlements of Claims are subject to sole discretion of the Insurance Company and Andhra Bank will only act as a facilitator. The insurance company reserves the right for Admission of claim and reject a claim in case of incomplete submission of documents Or misrepresentation of facts.

This is not meant to be a prospectus. This is only a gist of the salient features. For further details and other conditions, contact your nearest Andhra Bank Branch.

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