Sum Insured options

Rs 40 lakh

Age Criteria

Minimum Entry Age: Adult - 18 Years

Maximum Entry Age: Adult - 65 Years

Policy Tenure

1 Year

Insured Members

Saving Account Holders of IOB

Type of Coverage

• Accidental Death
• Permanent Total Disability
• Child education cover up to Rs. 20,000/- for First & Second child of insured member (In case of Death or PTD admissible claim)
• Repatriation and Funeral Expenses - Rs.10,000/-
• Adaptation Allowance (Home and Vehicle) - Rs.20,000 in case of PTD admissible claim
• Ambulance Cover - Rs.1,500/- per incident/accident towards admissible claim of Death or PTD.

Enrolment Form

Duly filled & signed enrolment along with auto debit consent to be provided for enrolling into the scheme.

Auto Renewal/ Grace Period

Policy will be auto renewed by the bank on or before the due date of the policy in backend based on the auto renew mandate given by customer. A grace period of 30 days is allowed under the policy.

Pre-Policy Medical Check up

Not Applicable

4000000

INR 2,000