- Sarvodaya commercial co-operative Bank Ltd. Mehsana
Services/ Insurance
► Prime Minister Suraksha Bima Yojna
► Prime Minister Jivan Jyot Bima Yojna
Tailor made group personal accident policy purchased by the bank .
Sarvodaya comm. Co-operative bank ltd. Mehsana offers/obtains personal accident policy for S.A. Rs.5/- lakhs for bank’s current and saving account a/c. Holders and shareholders premium of which is being paid by the Bank. Details of Policy is as under.
| GROUP PERSONAL ACCIDENT TAILOR MADE POLICY FOR BANK’S ACCOUNT HOLDERS | |
| For savings bank and current account holders. | For a/cs. Accounts which are on operative mode only. Dormant and unclaimed accounts are not covered. Further, If there is a joint account, first account holder only will be covered under the policy. |
| Policy period | 27.02.2025 to 26.02.2026 |
| Policy no. | 0641004224p119123934 |
| Name of insurance co. | United India insurance co. Ltd. Mehsana Branch |
| Age criteria | 18 to 80 years |
| Sum insured | Rs. 5/- lacs in case of death or permanent total disability / partial disability risks are covered according to norms of the policy. |
| Premium | Premium of policy is paid by the bank |
| Group personal accident tailor made policy for Bank’s shareholders. | |
| For shareholders. | First share holder only will be covered under the policy. |
| Policy period | 27.02.2025 to 26.02.2026 |
| Policy no. | 0641004224p119124092 |
| Name of insurance co. | United India insurance co. Ltd. Mehsana branch |
| Age criteria | 18 to 80 years |
| Sum insured | Rs. 5/- lacs in case of death or permanent total disability / partial disability risks are covered according to norms of the policy. |
| Premium | Premium of policy is paid by the bank |
For any further details you may contact our banks Head Office at Bhamariya nala, Mehsana.
► INSURANCE BUSINESS UNDER CORPORAGE AGENCY
To Provide Insurance services to customer our bank has entered into Corporate agency agreement for Life Insurance business with following Insurance Companies under composite Corporate Agency issued by IRDAI.
► LIFE INSURANCE
Shri Ram Life Insurance Co. Ltd.
www.shriramlife.com
Reliance Nippon Life Insurance Co. Ltd.
www.reliancenipponlife.com
► General Insurance
General Insurance Cos. are having wide range of Banca insurance Products. Our bank has tied up with following General Insurance Co. under Corporate Agency for offering best insurance product to our clients. Fire Insurance, Vehicle Insurance,
United India General Insurance Co. Ltd.
https://www.uiic.co.in/web/downloadforms/downloads
Zuno General Insurance Ltd.
Most useful product under banca Insurance and insurance as :
- Insurance for raw and finished stocks/ goods of stockist/distributors/industries etc.
- Insurance for properties, Residential building and commercial building
- Personal Accident Policies for individual.
- Vehicle/ Machinery/instrument Insurance Policy
- Mediclaim Policy
► CUSTOMER ADVISORY FOR INSURANCE:
- Insurance policy is a contract between insured and insurer. Bank is not a party to the contract. Sarvodaya Comm. Co-operative Bank Ltd., Mehsana is a Corporate Agent having Corporate Agency License issued by IRDAI.
- For details of risk factor covered, terms and condition, please go through the web site of the respective INSURANCE Companies.Pl. verify Sales broachers of the Insurance companies carefully before purchasing the policy.
- Purchase of policy by any customer is totally on voluntary basis.
- After receiving policy verify all the details incorporated in policy document for insured, details of nominee. If any modification is required, please contact immediately.
- Customer would be eligible for refund or surrender value strictly as per IRDAI norms details of which mentioned in policy document.
- Bank is receiving commission as decided by Insurance Co. on the basis of type of Insurance Policy, Premium Paying Term of policy for the first year and renewal commission for remaining term. For more details you may contact Insurance Department of our Head office.
- For F.Y.2024-25 bank has received Commission from Insurance Co. is Rs. 23,69 lakhs.
