Rate Your Bank
 
Product Type :

Bank that you want to rate :

Product :

Pricing
Product Features
Customer Service
Convenience
Title


Review
Name


Email*


City


Verification Code
* Email:Required, will not be displayed.
Kindly fill in your details for Bank Account
* Customer name:
 
* Email:
* Mobile No:
I accept, understand & agree to always abide with the Important Terms & Conditions and the Privacy Policy of this website.I also agree to allow Rupeetalk to utilise any or all information I have entered, or will enter in the future on this website,in any such manner as Rupeetalk may deem fit.

Andhra Bank saving account Jeevan Abhaya

Andhra Bank saving account Jeevan Abhaya

 

  • Expert Rating
  • ratingratingratingratingrating
  • Avg. user Rating
  • ratingratingratingratingrating

 

  • Pricing
  • Product Feature
  • Customer service
  • Convenience

 

Member's Recomendation

0   0

0 review(s)
Expert Review | Write a Review

  • Account Type
  • Saving Account
  • Minimum balance
  • N.A.
  • Daily withdrawal limit
  • N.A.
  • Free debit card
  • Free
  • Funds transfer facilities
  • Free
  • Auto sweep FD facility
  • N.A.

Features and Benefits of Andhra Bank saving account Jeevan Abhaya

AB Jeevan Abhaya is a Savings Bank Account launched in association with M/s IndiaFirst Life Insurance Co. Ltd., which provides Group Life Insurance Cover with Accident Death Benefit.

1. What is "AB Jeevan Abhaya" Savings Bank Account?

"AB Jeevan Abhaya" is a Savings Bank Account that provides Group Life Insurance cover and Accident Death Benefit.

2. Who can open AB Jeevan Abhaya Savings Bank Account?

The Scheme is open to all those who are in the age group of 18 to 55 years.

3. What is the sum assured?

The sum assured is Rs.1,00,000/- in case of normal death and accidential death also.

4. Do the person has to undergo any Medical Check-up?

No Medical Check-up is required except a simple Health Declaration Form.

 5. Do the person has to give Proof of age?

Yes. Proof of age is required if there is a claim.

6. Do the person get any Policy certificate and any Surrender Value of the Policy?

No. No individual Policy will be given as this is a Group Policy and there will be no surrender value.

8. Who will settle the Claims?

Settlement of claims is done by M/s IndiaFirst Life Insurance Co.Ltd., at their sole discretion and the Bank will only act as a facilitator.

9. Can a person include his Family members in the Scheme?

Yes. By opening a joint account and on payment of premium applicable for each joint account holder.

10. What is the premium payable?

The premium is payable per annum according to three Age Groups:

Age Group                Premium Payable

18-35                                       235/-

36-50                                       407/-

51-55                                       805/-

Apart from premium, a nominal Administrative Charges @40/- with Service Tax 12.24% per account is charged

11. What is the Insurance year?

The insurance year is from 1 December to 30November every year

12. What is the claims procedure?

Just Intimation of death to be given to the Insurance Company within 90 days and the duly filled in claim form along with necessary documents to given to Insurance Company within 180 days through their Bank.

13. What are the Documents to be submitted to Insurance company?

In case of Normal Death: Death Certificate

In case of Accidental Death: Death Certificate, FIR Report , Final Report & Post mortem report.

14. What are the Special features of the Scheme?

The premium paid by a person is a special rate offered under the Group Life Insurance Scheme and would be much more for the same policy if taken as an Individual policy.

15. Lien Clause

Lien of 45 days is operative under AB Jeevan Abhaya/AB Jeevan Abhaya Special Account. i.e. if death occurs within 45 days of opening of account, claim shall not be payable. However, this clause does not apply in case of death due to accident

Documents Required for Andhra Bank saving account Jeevan Abhaya

Identity proof :

    * Passport
    * PAN card
    * Voter ID card
    * Driving licence
    * Government ID card
    * Photo ration card
    * Senior citizen ID card


Address proof :

    * Passport
    * Telephone bill
    * Electricity bill
    * Bank Statement with Cheque
    * Certificate/ ID card issued by Post office

User Reviews

No Reviews

Give your contact details, our advisor will get in touch with you.
* Customer name:
* Mobile:
* Email:
* City:
* Your Post
* Please type the verification code:

Ask the Expert

Having difficulties with your existing credit card? have so many problems but no one to answer them?
Our experts will give you unbiased advise free from any sales intent.

Ask our experts and get your problem solved:

Call us on 1800 180 7575
(Mon-Sat 10AM to 5.30PM)
SMS 'rupee' to 56070

or submit your details here

 
Email This
* Your Name:
* Your Email:
* Friends Email:
(Separate multiple email addresses with commas.)
OR Send email using your contact list
* Your Message: