1. Housing loan borrowers in the age group of 18 to 60 years.
2. In Good Health and not suffering from any serious illness.
3. Opts for the scheme and signs the consent letter.

Equal to the outstanding loan amount including the interest, upto the maximum amount as per the original EMI schedule

In the event of death of the insured borrower due to any cause, the Sum Assured would become payable.

1. Car borrower availing a loan from our Bank.
2. Borrower in the age of 20 to 60 years.
3. In Good health and not suffering from any serious illness.
4. Signs the consent letter.

Equal to the outstanding loan amount including the interest up to the maximum amount as per the original EMI schedule of the insured borrower.

In the event of Death due to any cause, the Sum Assured would become payable.

1. New & existing tractor loan borrower of Bank. 
2. Borrower in the age of 18 to 55 years.
3. In Good health and not suffering from any serious illness.

Equal to the outstanding loan amount including the interest as per the original repayment schedule of the insured borrower. Subject to minimum sum assured Rs. 10000/- and maximum sum assured 
Rs. 5 lacs.

In the event of Death due to any cause, the Sum Assured would become payable.

Group-I Account holders in the age group of 18 to 39 years.
Group-II Account holders in the age group of 40 to 58 years.
The above age refers to complete number of years of age at the time of the account holder gives his consent letter and cover will be available until he completes the age of 60 years.

For Group I : Rs. 100000/-
For Group-II : Rs. 50000/- or Rs. 100000/- at the option of the account holder.

1. In the event of the insured customers due to any cause, the sum assured would become payable to the nominee.
2. In case of death due to an accident double the sum assured would become payable to the nominee.

Premium for sum assured of Rs. 1 lac.

Group I 

Group II

Age (at the time of joining)

18-39

40-58

Total Cost

Rs. 360

Rs. 600

(Plus Service Tax as applicable)

18 to 55 years of age

3 lac to 1 crore

5 years to 10 years

under section 88 of IT act.

12 to 60 years of age

Sum assured 25000/- to 1 crore.

1. Fixed Sum Assured
2. Sum Assured (Increasing by 5% year after year)

under section 88 of IT act.

18 to 65 years of age

Minimum Rs. 3000/- per annum (in multiple of Rs. 500/-)
Maximum – No upper limit.

Upto Rs. 10000/- every year under section 80 CCC (I).