It is an accident insurance scheme offered by United India Insurance Co. Ltd. that offers accidental death and disability cover for death or disability on account of an accident linked to a savings bank account.

The policy tenure is 1 year, and it is renewable every year.

The maximum sum assured under the scheme is Rs. 2 Lakh.

The coverage period for the policy is from 1st June to 31st May of the next year.

The policy covers death due to an accident or permanent disability due to an accident.

Union Bank is the Master Policy Holder on behalf of the participating customers.

The minimum entry age is 18 years, and the maximum entry age is 70 years.

For enrolments done through bank branches, the premium rate is Rs. 20/- per annum per member. For fresh enrolments done through U-Mobile App, Internet banking and other electronic modes, the premium rate is Rs. 19/-

The benefits are as follows:

Table of Benefits

• Sum Insured a. Death Rs. 2 Lakh
• Total and irrecoverable loss of both eyes or loss of use of both hands or feet or loss of sight of one eye and loss of use of one hand or foot Rs. 1 Lakh
• Total and irrecoverable loss of sight of one eye or loss of one hand or foot. Rs. 1 Lakh

For detailed claim procedures and claim documents, please contact the nearest bank branch.

The scheme launch date is 1st June 2015.

All saving bank account holders in the age group of 18 to 70 years in participating banks will be entitled to join. In case of multiple bank accounts held by an individual in one or different banks, the person would be eligible to join the scheme through one bank account only. Aadhar would be the primary KYC for the bank account.