The Churu Central Co-operative Bank

Insurance Schemes

The Government of India has announced new insurance schemes for the people below the poverty line. Before thr announcement of these schemes, insurance was an unaffordable service for them.

Pradhan Mantri Suraksha Bima Yojana

Highlights of the Pradhan Mantri Suraksha Bima Yojana (PMSBY – Scheme 1 – for Accidental Death Insurance) are:

Eligibility:

• Savings Bank (SB) Account holders between 18 years (completed) and 70 years (age nearer birthday) who give their consent to join / enable auto-debit, as per the modality, will be enrolled into the scheme.

Policy period:

• The cover shall be for one year period starting from June 1, 2015 to May 31, 2016 for which option to join / pay by auto-debit from the designated Savings Bank account on the prescribed forms will be required to be given by May 31, 2015 - extendable up to May 31, 2016. For the saving A/c holder joining after May 31, 2015 the cover shall end on May 31, 2016.

Premium:

• Rs. 12 per annum.

Payment Mode:

• The premium will be directly auto-debited by the bank from the subscribers account. This is the only mode available.

Risk Coverage:

• Total coverage (sum-insured) under the scheme is Rs. 2 Lakh.

S.No.	Table of Benefits*	Sum Insured
1	Death	Rs. 2 Lakh
2	Total and irrecoverable loss of both eyes or loss of use of both hands or feet or loss of sight of one eye and loss of use of one hand or one foot.	Rs. 2 Lakh
3	Total and irrecoverable loss of sight of one eye or loss of use of one hand or one foot	Rs. 1 Lakh

Exclusions:

• Major Exclusions: Intentional self injury, suicide or attempted suicide whilst under the influence of intoxication liqour or drugs, Any loss arising from an act made in breach of law with or without criminal intent.” For more details, please refer the wordings.

NOTE: For further details, please contact the nearest Branch

Pradhan Mantri Jeevan Jyoti Bima Yojana
Personal Accidental Insurance Scheme
Sahkar Jeevan Suraksha Bima Yojana

Highlights

Policies & Guidelines

Insurance Schemes