“IND Corp SB – Elite” Payroll package scheme for Salaried Class with bundled Group Personal Accidental Insurance (PAI)
“IND Corp SB – Elite” Payroll package scheme for Salaried Class with bundled Group Personal Accidental Insurance (PAI)
Bank is offering “IND Corp SB – ELITE” which offers Personal Accidental Insurance coverage, which is competitive and attractive.
KEY FEATURES OF THE PRODUCT
| Target Group
|
Regular Employees of Companies/Organizations in Government or Govt. undertakings of Central or State or PSUs having Banking relationship with our Bank are eligible to open Corporate Salary accounts of their employees under “IND Corp SB – ELITE”. |
| Eligibility | Employees in the age group 18 – 60 years with at least 6 month of confirmed service and whose salaries are credited/going to be credited in Bank’s accounts are eligible to avail the benefits.
(Police / Defence / Security Personnel are not eligible to open accounts under this product.) |
| KYC | · Applicable documents for opening of Savings bank account as per the extant guidelines
· Employee ID & Undertaking from Customer (Format enclosed). |
| Average Minimum Quarterly balance | Minimum Quarterly Average Balance (QAB) of Rs. 5,000/- to be maintained to be eligible to get “IND Corp SB–ELITE” benefits. |
| Credit Card | Credit Cards will be provided to the Customer depending upon the eligibility as per the guidelines of Retail Asset Department. |
| Insurance cover on Debit/ Credit Cards | · Free Personal Accident Insurance coverage as available under RuPay Platinum Debit card provided by NPCI.
· Air Accident cover as available under Credit Card. |
| Free Personal Accidental Insurance (PAI) cover | · Personal Accidental Death Insurance cover of Rs. 30.00 lakhs (Rs. Thirty Lakhs only).
· Accidental Permanent Total Disability cover of Rs. 30.00 lakhs (Rs. Thirty Lakhs only) · Accidental Permanent Partial Disability cover of Rs. 15.00 lakhs (Rs. Fifteen Lakhs only) · Air Accident Death Insurance cover of Rs. 50.00 lakhs (Rs. Fifty Lakhs only) · The Insurance cover will be applicable from 10thday of the 3rd month after the credit of two months of salary in the account. |
| Terms and conditions apply. For details visit Branch. | |
( Last modified on Feb 16, 2023 at 06:02:46 PM )
