Fact files :
So in this time of pandemic where, so many families lost their loved ones and facing financial crisis. This scheme could help them a little. In this article we will discuss who can claim and how to claim insurance amount under this scheme.
Conditions of the Scheme :
- The Risk cover will be provided to the
person from his/her age of 18 years (Completed) till attaining age 55
years (nearer birthday) as on the annual renewal date.
- The cover shall be for the one year
period stretching from 1st June to 31st May. Which would be renewed for
further one year on payment of premium.
- Premium amount of this policy is Rs. 330,
which will be auto debited from the bank account on or before the 31st
May of the year as the consent is given by the account holder.
- This policy gives benefit of Rs. 2 Lakh,
on member’s death due to any reason. (This also cover death due to COVID-19)
How
to Claim :
- Nominee need to visit bank, where member had the “Saving Bank account” through which the premium was deducted.
- Nominee need to Collect the claim
form
- This claim form and discharge
receipt required to be submitted along with death certificate and photo copy of cancelled
cheque of nominee’s Bank account / the Saving bank account details of
member.
- If the nominee is minor than appointee (Guardian) will fill fill and sign the form.
After submitting all relevant documents to bank, all documents will be verified by the bank. These documents will be submitted
to designated office of the insurance company concerned. Maximum time limit for
bank to forward the claim form to Insurance company is 30 Days from date of submission
of claim form.
After submitting the claim form to the insurance company. Insurance company will verify the details. In case the coverage was in force and no claim has been settled for the member, than payment shall be released to the Nominee’s bank account and a communication shall be sent to the nominee with copy marked to the Bank. Maximum time limit for Insurance Company to approve claim and disburse money is thirty days from the receipt of the claim from the Bank.