hdfcbank.com Pradhan Mantri Suraksha Bima Yojana PMSBY : HDFC Bank
Organisation : HDFC Bank
Scheme : Pradhan Mantri Suraksha Bima Yojana PMSBY
Scheme Details : http://www.hdfcbank.com/htdocs/common/PMSBY/index.htm
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HDFC PMSBY
( By giving his consent for the scheme, the customer is agreeing to the following rules ,terms and conditions to the scheme)
Related / Similar Facility :
1. HDFC Link Aadhaar With Account Online & Track Linking Status
Details of the scheme :
The scheme will be a one year cover, renewable from year to year, Accident Insurance Scheme offering accidental death and disability cover for death or disability on account of an accident.
Scope of Coverage
All savings bank account holders in the age 18 to 70 years in participating banks will be entitled to join. In case of multiple saving bank accounts held by an individual in one or different banks, the person would be eligible to join the scheme through one savings bank account only.
Benefits
As per the following table:
Table of Benefits Sum Insured
a. Death Rs. 2 Lakh
b. 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 hand or foot Rs. 2 Lakh
c. Total and irrecoverable loss of sight of one eye or loss of use of one hand or foot Rs. 1 Lakh
Eligibility Conditions
The savings bank account holders of the participating banks aged between 18 years (completed) and 70 years (age nearer birthday) who give their consent to join / enable auto-debit, as per the above modality, will be enrolled into the scheme.
Premium
Rs.12/- per annum per member. The premium will be deducted from the account holder’s savings bank account through ‘auto debit’ facility in one installment on or before 1st June of each annual coverage period under the scheme. For enrolments done on or after 1st June’16, the cover shall commence from the date of enrolment into the scheme.
The premium would be reviewed based on annual claims experience. However, barring unforeseen adverse outcomes of extreme nature, efforts would be made to ensure that there is no upward revision of premium in the first three years. The scheme is liable to be discontinued prior to commencement of a new future renewal date if circumstances so require.
Process to Activate
Process to activate Social Security Schemes through NetBanking :
** Log in to NetBanking > Click on the ‘Insurance’ tab.
** You will be shown both the schemes to choose from.
** Select the Account through which you wish to pay your premium.
** Policy Cover amount, Premium amount and Nominee details (as per the selected account) will be displayed. You can choose to replicate the Savings Account nominee OR add a new nominee.
** Click on the following declarations/details:
– Good Health declaration
– Terms & Conditions / Scheme Details / FAQs
– “I do not hold any other policy of the same”
** Click on ‘Continue’. You will then be shown the complete details of the social security scheme you have registered for.
** If you are okay with the scheme registration details displayed, click on ‘Confirm’
** Download the Acknowledgement, which carries a unique reference number.
** Do save the Acknowledgement document for future reference.