INSURANCE PRODUCT

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 1. Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) :-

 i. For customers in the age group of 18-50 years having savings account with the Bank

   ii. Life Insurance cover of Rs. 2,00,000/-

  iii. Premium amount Rs. 330/- per annum

  iv. Life insurance coverage period 1st June to 31st May every year.

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2. Pradhan Mantri Suraksha Bima Yojana (PMSBY) :-

   i. For customers in the age group of 18-70 years having savings account with the Bank

   ii. Accidental insurance cover of Rs. 2,00,000/-

   iii. Premium amount Rs. 12/- per annum

   iv.Accidential insurance coverage period from 1st June to 31st May every year.

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Abhyudaya Bank –
Now Corporate Agent of LIC of India & The New India Assurance Co. Ltd.

Our bank has taken Corporate Agency of Life Insurance Corporation of India, The New India Assurance Co. Ltd & Religare Health Insurance Co. Ltd. which are prestigious insurance company in India. The different policies offered by them are now available through different branches of our Bank. All interested parties may contact to their nearest branch or Insurance Dept., HO for insurance advise.

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Discountinuation of Insurance cover on Rupay Classic Card Click Here

As per the Circular “ NPCI/2019-20/Rupay/003 dated 23^rd May,2019” released by NPCI, it was informed to the member Banks that Insurance Program for Rupay Classic Cards will not be extended beyond Financial year 2019-20. It is informed  that Rupay Insurance feature will not be available on Rupay Classic Cards from  F.Y. 2020 – 21 onwards.

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We wish to inform all the customers covered under Abhyudaya Akshay Insurance Scheme (AAIS) that the Bank would not be offering this scheme from its next renewal date that is on 7^th May, 2015.

As a Corporate Insurance Agent of Life Insurance Corporation of India (LIC) and M/s. The New India Assurance Company (NIAC) the Bank is offering all types of life & non-life insurance policies offered by these companies. We request all customers to insure their lives & assets for a secured future.

For Branch addresses Click here.

Abhyudaya Co-operative Bank Ltd.
1st floor, Abhyudaya Bank Building, Sector 17,
Vashi, Navi Mumbai - 400 705
Tel No. 022-27897242, 27802218

Email ID:insurance[at]abhyudayabank[dot]net