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Personal Accidental Insurance offerings for Agniveers
Salary Package for the Brave Beginners- Agniveers
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Benefits
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Eligibility
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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 :
- Salary account cover On-duty upto ₹ 75 Lakhs and Off-duty upto ₹ 60 Lakhs
- Additional PAI cover ₹ 10 Lakhs on Debit Card – Rupay variant
- 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
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List Of Valid KYC Documents For Account Opening |
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Permanent Account Number (PAN)/ FORM60 is mandatorily to be obtained while opening of the accounts as per extant Reserve Bank of India Guidelines. |
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Mandatory Documents for Agniveer personnel |
Appointment Letter/ ID card / service certificate |
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Officially Valid Documents (OVDs) for Accounts of Individuals |
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Deemed Officially Valid Documents, In case OVD does not contain current/ updated address. (At least one document from the list is Required) |
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