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Abhaya SB Account |
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Eligibility |
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Individuals, either single or joint |
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Age Limit |
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5 to less than 75 years |
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Insurance cover |
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Rs. 50,000 /- per person |
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Risk Covered |
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Risk is covered only due to accident
In case of Death |
Rs. 50,000 /- |
Disability: a) Permanent |
Rs. 50,000 /- |
b) Partial |
Rs. 25,000 /- |
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Premium
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Periodicity |
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The insurance charges are to be collected at the time of opening the account and on 31st August every year |
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Insurance Year |
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1st September to 31st August every year (w.e.f. 01-09-2013 to 31-08-2014)
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Claim Information |
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The information should be given within 90 days directly to the bank branch where the account is maintained. |
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Claim Submission |
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The claim document should be submitted within 180 days from the date of accident/ death to the bank branch. |
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Value additions |
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Cheque books/ International Debit card/ 24 hour ATM facility/ Utility payments through ATMs/ Instant Fund Transfer/ Any Branch Banking.
Settlement of Claims is done by United India Insurance Company Ltd (UIICO), at their sole Discretion and Andhra Bank will only act as a facilitator. UIICO, 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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