IB Vidyarthi Suraksha (With PNB-Metlife)
IB Vidyarthi Suraksha (With PNB-Metlife)
| Criteria | Details |
|---|---|
| Eligibility | All Educational Student Borrowers (New & Existing) |
| Age Group | 15-60 years Maximum exit [at]70 years |
| Coverage | Minimum Rs.0.10 lakhs Max.Rs.500.00 lakhs |
| Waiting Period | First 90 days except in case of accidental death |
| Claim Amount | Equal to the outstanding loan amount as per the schedule with the minimum sum assured of Rs.10,000/- and maximum sum assured of Rs.5,00,00,000/- |
| By arrangement with | PNB-MetLife |
| Period of cover | Minimum 3 years Maximum 25 years |
| Medical Check Up | No Medicals
a) For Rs.75.00 lakhs upto 40 years For Medicals Contact : Mr.Anbumane Gopal / Mr.K.Prabhuram Email: anbumane.gopal[at]pnbmetlife[dot]com |
| Tax Benefit | Under 80 C of I.T.Act |
| Commencement of risk cover | Date of debit of Premium from Borrower`s Account |
| Insurance Premium | Onetime single premium at the time of commencement |
Disclaimer
The content has been translated from the English version using indigenously developed Artificial Intelligence capabilities (Bhashini, developed by MeitY). In the event of any ambiguity or doubt, users are advised to refer to the original English content for clarification.
All information, materials, advice, suggestions, illustrations, notifications, circulars, and other items on this website are collectively referred to as the “Content.”
Indian Bank assumes no responsibility for any errors, omissions, inaccuracies, or typographical mistakes that may appear in the Content. Indian Bank does not provide any warranty or representation regarding the Content and expressly disclaims all liabilities.
Any action taken by users on the basis of such Content shall be entirely at their own risk and responsibility.
Indian Bank reserves the right to modify, correct or update any part of the Content at any time.
No portion of the Content may be displayed or printed without prior written approval of Indian Bank.
As the translated Content has been generated using AI, we encourage suggestions for improvement.
Suggestions may be submitted at:
https://bhashini.gov.in/bhashadaan/en/home