| IB Vidyarthi Suraksha (With PNB-Metlife) | |
| 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.100.00 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.1,00,00,000/- |
| By arrangement with | PNB-MetLife |
| Period of cover | Minimum 3years Maximum 25 years |
| Medical Check Up | No Medicals a) For Rs.30.00 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 |