Features
3 step enrollment process
Affordable premium
Coverage/Conditions
Overall Sum-insured of the policy for insured is Rs 2 Lakhs per person. Beneficiary will receive the sum assured as per the below table in the event of a death, permanent disability or partial disability from accident.
How To Apply?
Via Netbanking:
Log in to NetBanking > Click on the 'Buy Insurance' tab
Select PMSBY
Select the Account through which you wish to pay your premium.
Submit Nominee Details
Submit Application
Eligibility Criteria
Eligibility :
Customer should be an Equitas Savings Bank Account Holder
Age :
Between 18 (completed) and 70 years (age nearer birthday).
Maturity Benefit :
No maturity benefit or surrender benefit is available with this policy.
Premium Details :
Premium: Rs.20/- per annum per member.
(The premium will be deducted from the account holder’s saving bank account by way of `auto debit’ facility in one instalment on or before the date 1st June of each annual coverage period under the scheme. However, in cases where auto debit takes place after 1st June, the cover shall commence from the first day of the month following the auto debit)
PMSBY
New Slab
New Slab
Sl.No
Table Of Benefits
Sum Insured
Claim Payout
1
Death
Rs.2 Lakh
100% of SI
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 hand or foot
Rs.2 Lakh
100% of SI
3
Total and irrecoverable loss of sight of one eye or loss of use of one hand or foot
Rs.1 Lakh
50% of SI
