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  • June 24,2018
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oriental pm social security scheme

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  • PM Jeevan Jyoti Bima
    PM Jeevan Jyoti Bima Yojana
    Cover ₹2 Lakhs
    Eligibility Individual bank account holders of the bank, aged between 18 years (completed) and 50 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 Amount ₹330/- per annum per member
    Benefits ₹2 Lakhs on death
    Enrolment Modality

    The cover shall be for the one year period stretching from 1st June to 31st May.

    The cover shall start from date of auto debit till 31st May every year irrespective of the date of enrolment.

    The premium will be deducted from the account holder's bank account through 'auto debit' facility in one instalment, (as per the option given), on or before 31st May of each annual coverage period under the scheme.

    For subscribers enrolling for the first time on or after 1st June 2016, insurance cover shall not be available for death (other than due to accident) occurring during the first 45 days from the date of enrolment into the scheme (lien period) and in case of death (other than due to accident) during lien period, no claim would be admissible.

    Terms & Conditions

    Termination of assurance: The assurance on the life of the member shall terminate on any of the following events and no benefit will become payable there under:

    • On attaining age 55 years (age near birth day) subject to annual renewal up to that date (entry, however, will not be possible beyond the age of 50 years).
    • Closure of account with the Bank or insufficiency of balance to keep the insurance in force.
    • In case a member is covered under PMJJBY with Insurance Company through more than one account and premium is received by Insurance Company inadvertently, insurance cover will be restricted to ₹ 2 Lakh and the premium paid for duplicate insurance(s) shall be liable to be forfeited.
    Claim Process

    Steps to be taken by the Nominee:

    • Nominee to approach the Bank Branch wherein the Member was having the 'Savings Bank Account' through which he / she was covered under PMJJBY; along with the death certificate of the member.
    • Nominee to submit duly completed documents as mentioned below:
      • Claim Form,
      • Discharge Receipt,
      • Death certificate
      • Photocopy of the cancelled cheque/passbook/ account statement of the nominee's bank account and
      • The bank account details of the Member through which he / she was covered under PMJJBY.
      • In case of accidental death, Copy of FIR, PMR & Police Investigation Report is required.
    • After first stage checking of the enrolment, the claim will be sent to the Insurance Company for processing.

    Dear Customer, please keep sufficient balance in your account for renewal of PMJJBY @`330/- & PMSBY @`12/- during 21st May 2018 to 31st May 2018

    Janasuraksha Website Click Here
  • PM Suraksha Bima Yojana
    PM Suraksha Bima Yojana
    Cover ₹2 Lakhs
    Eligibility

    Individual bank account holders our bank 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 Amount ₹12/- per annum per member
    Benefits
    Table of Benefits Sum Insured
    Death ₹ 2 Lakhs
    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 ₹ 2 Lakhs
    Total and irrecoverable loss of sight of one eye or loss of use of one hand or foot ₹ 1 Lakhs
    Enrolment Modality

    The cover shall be for the one year period stretching from 1st June to 31st May.

    The cover shall start from date of auto debit till 31st May every year irrespective of the date of enrolment.

    The premium will be deducted from the account holder's bank account through 'auto debit' facility in one instalment, (as per the option given), on or before 31st May of each annual coverage period under the scheme.

    Individuals who exit the scheme at any point may re-join the scheme in future years

    Terms & Conditions

    Termination of cover: The accident cover for the member shall terminate on any of the following events and no benefit will be payable there under:

    • On attaining age 70 years (age nearest birthday).
    • Closure of account with the Bank or insufficiency of balance to keep the insurance in force.
    • In case a member is covered through more than one account and premium is received by the Insurance Company inadvertently, insurance cover will be restricted to one bank account only and the premium paid for duplicate insurance(s) shall be liable to be forfeited.
    Claim Process

    Steps to be taken by the Nominee:

    • Nominee to approach the Bank Branch wherein the Member was having the 'Savings Bank Account' through which he / she was covered under PMSBY; along with the death certificate of the member.
    • Nominee to submit duly completed documents as mentioned below:
      • Claim Form,
      • Discharge Receipt,
      • Death certificate
      • Photocopy of the cancelled cheque/passbook/ account statement of the nominee's bank account and
      • The bank account details of the Member through which he / she was covered under PMJJBY.
      • Copy of FIR, PMR & Police Investigation Report.
    • After first stage checking of the enrolment, the claim will be sent to the Insurance Company for processing.

    Dear Customer, please keep sufficient balance in your account for renewal of PMJJBY @`330/- & PMSBY @`12/- during 21st May 2018 to 31st May 2018

    Janasuraksha website Click Here
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