Should be account holder of the bank. In case of multiple savings accounts held by an individual in or different banks,
the person shall be eligible to join the scheme through one savings bank account only.
Cover shall be for one year period stretching from 1st June to 31st May
Premium: 330/- p.a. It will be deducted from the account holder’s savings bank account through
‘auto debit’ facility in one instalment
Benefits: 2.0 lacs in case of death due to any reason. Cover will be provided by Life Insurance Corporation of India