Andhra Bank Savings Account With Accidental Insurance

Eligibility                      Individuals, either single or joint

Age Limit                    5 to less than 70 years

Insurance cover           Rs. 1,00,000 /- per person  Risk is covered only due to accident 

In case of Death          Rs. 1,00,000 /-

Risk Covered                        Disability:  a) Permanent Rs. 1,00,000 /-

                                                             b) Partial Rs. 50,000 /-

Premium& Service charges          

Rs. 45 /- per person per annum (subject to changes every year) Service Charges Rs.25/- Service Tax

Periodicity    

The insurance charges are to be collected at the time of opening the account and on 31st October every year

Insurance Year         1st November to 31st October every year

Claim Information  

The information should be given within 90 days directly to the bank branch where the account is maintained.

Claim Submission   

The claim document should be submitted within 180 days from the date of accident/ death to the bank branch.

Value additions

Cheque books

International Debit card

24 hour ATM facility

Utility payments through ATMs

Instant Fund Transfer

Any Branch Banking.

Settlement of Claims is done by United India Insurance Company Ltd (UIICO), at their sole Discretion and Andhra Bank will only act as a facilitator. UIICO, reserves the right for Admission of claim and reject a claim in case of incomplete submission of documents Or misrepresentation of facts.

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