SBI Kohima branch handed over claim settlement amount of Rs 1 lakh under PMSBY to Hamed Ali.
Kohima, December 19 (MExN): State Bank of India, Kohima branch on Monday handed over claim settlement amount of Rs 1 lakh under Pradhan Mantri Suraksha Bima Yojana (PMSBY) to Hamed Ali (41) working in GREF who loss his left leg while working at Pedi village under Peren district on July 13 last.
‘Ali has registered under the scheme from Neiketou Theyo, SBI Customer Service Point (CSP), Kezieke Kohima last year,’ stated a press release issued by S Besü Bosco, Assistant General Manager, SBI Kohima Branch.
The insurance coverage under the scheme is upto Rs 2 lakh with a yearly premium of Rs 20 for eligible age group 18 years to 70 years which can be registered from any Bank. Under the scheme, claim of Rs 2 lakh is payable in case of permanent total disability or death due to accident.
“Claim of Rs 1 lakh is payable in case of permanent partial disability due to accident. Permanent total disability means total and irrevocable loss of both eyes or loss of both hands or both feet or loss of sight of one eye with loss of use of either one hand or foot. Permanent partial disability means total and irrevocable loss of sight of one eye or loss of use of one hand or foot,” he added.
