Terms and Conditions

I hereby give my consent to become a member of 'Pradhan Mantri Suraksha Bima Yojana' which will be administered by the above Bank as Master Policyholder.
I hereby authorize you to debit today my Saving Bank Account with your Branch with Rs.12/- (Rupees Twelve only) plus Service Tax, if applicable, and on or before 31st May every subsequent year until further instructions to the contrary (strike out whichever is not applicable) a sum of Rupees Twelve or a revised amount that may be decided with immediate intimation to me.
I hereby nominate my nominee as indicated above for the benefits under the scheme, in the event of my death. In the event of my death before the nominee reaching the age of 18 years, I hereby appoint the legal guardian of the nominee as indicated above for the purpose of receiving the benefits under the scheme.
I declare that I am not insured under Pradhan Mantri Suraksha Bima Yojana under any other Savings Bank Account. In case the same is found to exist, premium shall stand forfeited and no claims would be paid.
I agree that the cover shall commence from the 1st of the month subsequent to the date of enrolment in the scheme.
I agree to pay full annual premium even if I join the Scheme after the commencement of the Master Policy.
I agree that my membership in the Scheme will remain in force as long as all premiums due are paid and until I have attained age 70 years as on Annual Renewal Date.
I agree to abide by the terms and conditions of the above Scheme. I agree to your conveying my personal details, as required, regarding my admission into the Pradhan Mantri Suraksha Bima Yojana to ICICI Lombard GIC Ltd.
I hereby declare that the above statements are true in all respects and that I agree and declare that the above information shall form the basis of admission to the above Scheme and that if any information be found untrue, my membership to the Scheme shall be treated as cancelled.

Get your 811 digital bank account instantly and enjoy up to 5%* interest p.a.

Avail special Fixed Deposit Rates @ 5.90% p.a.*

10% cashback on dining and movies

Zero processing fee on Home Loan online application

Leave the stress of your medical expenses to us

Investments are subject to market risk. Don't fall prey to unrealistic promises.

Get your 811 savings account instantly and enjoy up to 5%* interest p.a

Choose from a wide range of convenient payment options from Kotak Credit Cards, to make things easy for you.

Kotak FASTag, absolutely free* till April 30, 2020. *T&C apply.

Explore the faster way to pay with payWave card

Easiest way to send money across the world

Transact even when you are not connected to internet

Pradhan Mantri Suraksha Bima Yojana

Terms and Conditions

Call us

Write to us

Locate us

Call us

Write to us

Locate us

About us

Investor Relations

Customer Service

Aadhaar Services

Calculators & Tools

Rates & fees

Digital Banking

Self Help

Erstwhile ING Vysya

Others

Kotak Group Companies

Pradhan Mantri Suraksha
Bima Yojana