Personal Accidental Insurance offerings for Agniveers

  • Benefits
  • Eligibility
  • Documents Required

Salary Package for the Brave Beginners- Agniveers : Benefits

  • Free PAI Coverage:

         -     Entry Age : 17.5 years (Personal Accidental Insurance Cover starts at 18 years)**

  • Personal Accident Death Cover :
    1. Salary account cover On-duty upto ₹ 75 Lakhs and Off-duty upto ₹ 60 Lakhs
    2. Additional PAI cover ₹ 10 Lakhs on Debit Card – Rupay variant
    3. Additional PAI cover of Rs.20 Lakhs on co-branded card
  • Permanent Total Disability cover up to ₹ 60 Lakhs
  • Permanent Partial Disability cover up to ₹ 30 Lakhs
  • Air Accident Insurance Cover up to ₹ 100 Lakhs **
  • Inclusion of deaths in active operations in Personal Accident Insurance
  • Transportation of Dead body – Actual cost or ₹ 50,000/- whichever is lower.
  • Cost of Plastic Surgery / Burn up to ₹ 2 Lakhs

Most Important terms & conditions for PAI cover**
  • Applicant whose age is less than 18 years at the time of opening account under the scheme shall be eligible for insurance cover only on attaining age of 18 years.
  • Maximum PAI cover subject to 10 times of Gross Annual Income of salary of the account holder or any of the above mentioned applicable Insurance Coverage whichever is less.
  • Air tickets to be booked with Bank’s debit card for Air Accident Insurance cover.
  • Insurance on Debit and Credit card are subject to terms & conditions of card policy.
  • All the benefits are subject to regular monthly credit of Salary in the Savings account

Other Benefits
  • Debit Card: Unlimited Free ATM usage at all Bank's ATMs, Waiver of Issuance Fee & Annual Fee charges
  • Free Remittances – RTGS / NEFT / IMPS (through all modes)
  • Free unlimited – Demand Draft / Banker’s Cheque
  • Free unlimited – Personalized Cheque Books
  • Free Mobile Banking – Save, Borrow, Invest, Shop through bob World App
  • Free Internet Banking – bob World Internet
  • 50% waiver on Locker Rentals
  • 100% waiver on Demat Annual maintenance charges
  • 75% waiver on issuance charges for Gift and Travel Card
  • Baroda Radiance Program: Open to Gallantry Award Winners irrespective of Relationship Value

Benefits in Debit Card
  • Lifetime Free Debit Card
  • Free Accidental Death and Permanent Total Disability cover of ₹ 10 Lakhs is offer through Debit Card

Benefits in Credit Card
  • Lifetime Free Credit card subject to eligibility
  • Free Accidental Death Cover (Air & Non-Air) of ₹ 20 Lakhs with Co-branded Credit Card

*All facilities are Subject to terms and condition

Salary Package for the Brave Beginners- Agniveers : Eligibility

  • Applicant whose age is less than 18 years at the time of opening account under the scheme shall be eligible for insurance cover only on attaining age of 18 years. Scheme is applicable for Personnel recruited under Agnipath scheme as Agniveers
  • Scheme will be applicable after credit of one month salary and thereafter regular salary credit in the account

Employees of listed Forces are eligible
  • Indian Army
  • Indian Navy
  • Indian Air Force

Salary Package for the Brave Beginners- Agniveers : Documents Required

List Of Valid KYC Documents For Account Opening

Permanent Account Number (PAN)/ FORM60 is mandatorily to be obtained while opening of the accounts as per extant Reserve Bank of India Guidelines.

Mandatory Documents for Agniveer personnel

Appointment Letter/ ID card / service certificate

Officially Valid Documents (OVDs) for Accounts of Individuals

  • Passport
  • PAN card
  • Driving license with photo
  • Proof of possession of Aadhaar Number
  • Voter’s Identity Card issued by Election Commission of India
  • Letter issued by the National Population Register containing details of Name and Address

Deemed Officially Valid Documents, In case OVD does not contain current/ updated address.

(At least one document from the list is Required)

  • Utility bill of any service provider i.e. electricity, telephone, postpaid mobile phone, piped gas, water bill (not more than two months old)
  • Property or Municipal Tax receipt;
  • Letter of allotment of accommodation from employer issued by State or Central Government departments, statutory or regulatory bodies, and public sector undertakings, scheduled commercial banks, financial institutions and listed companies. Similarly, leave and license agreements with such employers allotting official accommodation
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