• Eligibility: The Kota Central Co-operative Bank 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 starting from June 1 to May 31 of next year. For the Saving Account holder joining on or after June 1, the cover shall commence from the date of premium debit and end on May 31 of next year.
• Premium: Rs. 12 per annum.
• Risk Coverage: Total coverage (sum-insured) under the scheme is Rs. 2 Lakh.

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:

• If a customer is having multiple saving account with the Bank, then only one PMSBY policy will be issued. In case multiple policies are found to exist, the premium(s) of such multiple policies shall be refunded to the customer’s respective account and no claims would be paid for such additional policy requests. The cover shall commence from the date of premium debit
• 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.
• 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.

Joint account holder(s) can enrol for the PMSBY scheme by submitting a separate request for enrolment at The Kota Central Co-operative Bank Branch only.