Andhra Bank
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 12. What are the Documents to be submitted to Insurance company?
In case of Normal Death: Death Certificate
In case of Accidental Death: Death Certificate, FIR Report , Final Report & Post mortem report.
 
 13. What are the Special features of the Scheme?
The premium paid by a person is a special rate offered under the Group Life Insurance Scheme and would be much more for the same policy if taken as an Individual policy.
 
 14. Lien Clause
Lien of 45 days is operative under AB Jeevan Abhaya/AB Jeevan Abhaya Special Account. i.e. if death occurs within 45 days of opening of account, claim shall not be payable. However, this clause does not apply in case of death due to accident.

In case of the claim the customer should approach the branch where they are maintaining their account.

Administration of the scheme: All account holders of AB Jevan Abhaya SB account will be members of the scheme subject to their satisfying other eligibility conditions. They have to submit declaration of good health and nomination form at the time of opening of Account. Individual policy will not be given as this is a Group Policy and there will be no Surrender value/paid up value. Administrative charges of Rs.40/- per account will be charged for the scheme.

IndiaFirst Life Insurance Co Ltd.,  reserves right to call for any additional information regarding claim.

All the correspondence regarding Claims should be sent to the following Address:

Dr. Rakesh Moyal,
IndiaFirst Life Insurance,
3rd Floor,
Building No.4,
B Wing Infinity Park,239, General A.K.Vaidya Marg,
Dindoshi-Malad East,
Mumbai-400097.
Tel-022-33259553
Mobile No.98206 89118 

Note: Only one claim will be settled irrespective of number of accounts held by the account holder with one or more branches of Andhra Bank. Exclusions under the Scheme are death due to suicide and self-inflicted injuries. Other exclusions in case of accidental death apply (as per master policy)

Nomination to be given at the time of opening the account.

*Critical illness is as defined in Health Declaration Form.

Settlement of Claims is done by IndiaFirst Life Insurance, at their sole Discretion and Andhra Bank will only act as a facilitator. IndiaFirst Life Insurance Co.Ltd., reserves the right for Admission of claim and reject a claim in case of incomplete submission of documents Or misrepresentation of facts.

Premium paid under this scheme is eligible for I.T.relief.

PRO-RATA PREMIUM                 

 Table of proportionate premium for Account holders joining the scheme

 During the various months of the Year 2017 and 2018

Month of joining the Scheme  
Premium for Age Group    (Rs)
Premium coverage period (in months)
18 - 35   Years
36-50   Years
51-55 Years

December 2017
155
315
778
12
January 2018
143
289
714
11
February 2018
130
263
649
10
March 2018
117
237
584
9
April 2018
104
210
519
8
May 2018
91
184
454
7
June 2018
78
158
389
6
July 2018
65
132
325
5
August 2018
52
105
260
4
September 2018
39
79
195
3
October 2018
26
53
130
2
November 2018
13
27
65
1

 

Administrative charges Rs 40/- per head P.A. exclusive of Service Tax which are system generated.

 
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