Pradhan Mantri Jan-Dhan Yojana (PMJDY)

Get additional security benefits on your Savings Account.

Pradhan Mantri Suraksha Bima Yojana

Highlights of the Pradhan Mantri Suraksha Bima Yojana (PMSBY – Scheme 1 – for Accidental Death Insurance) are:

    Eligibility: Contai Co-operative Bank Ltd. Savings Bank (SB) Account holders between 18 years (completed) and 70 years (age nearer birthday) who give their consent to join / enable auto-debit, as per the modality, will be enrolled into the scheme.
    Policy period: The cover shall be for one year period starting from June 1, 2015 to May 31, 2016 for which option to join / pay by auto-debit from the designated Savings Bank account on the prescribed forms will be required to be given by May 31, 2015 - extendable up to August 31, 2015. For the saving A/c holder joining after May 31, 2015 and on or before August 31, 2015 the cover shall end on May 31, 2016.
    Premium: Rs. 12 per annum.
    Payment Mode: The premium will be directly auto-debited by the bank from the subscribers account. This is the only mode available.
    Risk Coverage: Total coverage (sum-insured) under the scheme is Rs. 2 Lakh.

 

 Table of Benefits*Sum Insured
I. Death Rs. 2 Lakh
II. Total and irrecoverable loss of both eyes or loss of use of both hands or feet or loss of sight of one eye and loss of use of one hand or one foot Rs. 2 Lakh
III. Total and irrecoverable loss of sight of one eye or loss of use of one hand or one foot Rs. 1 Lakh

*The total amount that can be claimed under the policy is INR 2 lakh only

 

The cover is subject to exclusions of the policy.

 

Exclusions:

 

Major Exclusions: Intentional self injury, suicide or attempted suicide whilst under the influence of intoxication liqour or drugs, Any loss arising from an act made in breach of law with or without criminal intent.” For more details, please refer the Master Policy wordings.

 

Terms and conditions:

Customer should not be insured under Pradhan Mantri Suraksha Bima Yojana under any other Savings Bank Account. In case the same is found to exist, premium shall stand forfeited and no claims would be paid.

The cover shall commence from the 1st of the month, subsequent to the date of enrollment in the scheme.

Customer will have to pay full annual premium even if he/she joins the Scheme after the commencement of the Group Policy.

The membership in the scheme will remain in force as long as all premium due are paid until attaining age of 70 years as on Annual Renewal Date.

Policy shall not be issued if nominee details are not provided in SMS / available in SB account. No separate intimation shall be provided for the same. To have a different nomination, please enroll for the scheme at the branch.

The customer response received through their registered mobile number shall be considered as their consent for auto-debit from their savings bank account. The Savings Bank account shall be debited on or before May 31, 2015 which is extendable up to August 31, 2015. For the Savings Bank account holder, joining after May 31, 2015 on or before August 31, 2015, the cover shall end on May 31, 2016.

Any information provided by the customer if found to be untrue, the membership to the scheme shall be treated as cancelled from the date of joining the scheme and all premium paid in respect thereof shall stand forfeited.
Pradhan Mantri Jeevan Jyoti Bima Yojana

Highlights of the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY – Scheme 2 – for Life Insurance) are:

    Eligibility: Contai Co-operative Bank Ltd. Savings Bank (SB) Account holders between 18 years (completed) and 50 years (age nearer birthday) who have given the consent to join the scheme / enable auto-debit, as per the modality, will be enrolled into the scheme.
    Policy period: The cover shall be for one year period starting from June 1, 2015 to May 31, 2016 for which option to join / pay by auto-debit from the designated savings bank account on the prescribed forms will be required to be given by May 31, 2015, extendable up to August 31, 2015. Those joining subsequently may be able to do so with payment of full annual premium for prospective cover, with submission of a self-certificate of good health in a form acceptable to Us.
    Premium: Rs. 330 (per annum).
    Payment Mode: The premium will be directly auto-debited by the bank from the subscribers’ savings bank account. This is the only mode available currently.
    Risk Coverage: Sum Assured of Rs. 2 Lakh on death of the Insured member for any reason is payable to the Nominee. No claim is admissible for deaths during the first 45 days from the entry date, except for cases of death due to accident.

Termination of assurance:

    Account holder attains age of 55 years
    Closure of account with the Bank or insufficiency of balance for debiting premium.
    In case of multiple coverage under the scheme, the cover will be restricted to Rs.2 lakhs and other insurance covers are terminated and premium shall be forfeited.

Terms & Conditions:

Customer should not be insured under Pradhan Mantri Jeevan Jyoti Bima Yojana under any other Savings Bank Account. In case the same is found to exist, premium shall stand forfeited and no claims would be paid.

The cover shall commence from the 1st of the month, subsequent to the date of enrollment in the scheme.

Customer will have to pay full annual premium even if he/she join the Scheme after the commencement of the Group Policy.

Policy shall not be issued if nominee details are not provided in SMS / available in SB account. No separate intimation shall be provided for the same.

The customer response received through their registered mobile number shall be considered as their consent for auto-debit from their savings bank account. The Savings Account shall be debited on or before May 31, 2015.

Any information provided by customer if found to be untrue, the membership to the scheme shall be treated as cancelled from the date of joining the scheme and all premium paid in respect thereof shall stand forfeited.

 

For details, please contact with nearest Branch or Head Office.

Tender & Notice

  • Jul.20
    Auction Notice

    Notified to interested persons for auction of seized vehicles on ‘as is where basis’ at Bank’s Head Office at Contai from 11.00 am onwards on 09.08.2017, Wednesday, on the following terms and conditions

  • Mar.30
    Purchase of Software

    NIT No. CCBL/4/2016-17

    Sealed Tenders are invited for supply of Micrososoft Software for our Bank.

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