 |
| |
| Abhaya SB Account |
| |
 Eligibility |
 |
Individuals, either single or joint |
|
| |
| Age Limit |
|
5 to less than 75 years |
|
| |
| Insurance cover |
|
Rs. 50,000 /- per person |
|
| |
| Risk Covered |
|
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 /- |
|
|
| |
Premium
|
|
|
|
| |
| Periodicity |
|
The insurance charges are to be collected at the time of opening the account and on 31st August every year |
|
| |
| Insurance Year |
|
1st September to 31st August every year (w.e.f. 01-09-2013 to 31-08-2014)
|
|
| |
| Claim Information |
|
The information should be given within 90 days directly to the bank branch where the account is maintained. |
|
| |
| Claim Submission |
|
The claim document should be submitted within 180 days from the date of accident/ death to the bank branch. |
|
| |
| Value additions |
|
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. |
|
| |