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AB Insurance Linked Current Account
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 Eligibility |
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Individuals, JHF, Proprietary concerns, Partnership firms, Accounts of Overdraft/ Cash credit/ Pattabhi Agri Card
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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. 1,00,000 /- per person
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| Risk Covered |
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Risk is covered only due to accident
In case of Death Rs. 1,00,000 /-
Disability:
a) Permanent Rs. 1,00,000 /-
b) Partial Rs. 50,000 /- |
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| Premium + Service charges |
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Premium Rs.36/- Service charges Rs.30/- + 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 20th February every year
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Insurance Year
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21st February to 20th February of the next 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.
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Minimum Balances to open Current Account :
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| Branch Located in |
Minimum Deposit (in Rupees) |
| Rural |
1000/- |
| Semi Urban |
2000/- |
| Urban |
3000/- |
| Metro |
5000/-
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The salient features are mentioned above. For further details, contact your nearest Andhra Bank branch.
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