| Abhaya SB Account |
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 Eligibility |
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Individuals, either single or joint |
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| Age Limit |
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5 to less than 70 years |
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| Insurance cover |
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Rs. 25,000 /- per person |
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| Risk Covered |
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Risk is covered only due to accident
| In case of Death |
Rs. 25,000 /- |
| Disability: a) Permanent |
Rs. 25,000 /- |
| b) Partial |
Rs. 12,500 /- |
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| Premium / Service charges |
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Premium Rs.9/- Service charges Rs.10/- + ST as applicable from time to time |
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| Periodicity |
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The insurance charges are to be collected at the time of opening the account and on 31st August every year |
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| Insurance Year |
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1st September to 31st August every year |
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| Claim Information |
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The information should be given within 90 days directly to the bank branch where the account is maintained. |
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| Claim Submission |
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The claim document should be submitted within 180 days from the date of accident/ death to the bank branch. |
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| Value additions |
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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.
This is not meant to be a prospectus. This is only a gist of the salient features. For further details and other conditions, contact your nearest Andhra Bank Branch.
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