Personal Accident Insurance Scheme for Kisan Credit Card holder


How to apply for Personal Accident Insurance Scheme available for Kisan Credit Card holder? What is the premium for PAIS under Kisan Credit Card scheme? How to claim money under Personal Accident Insurance Scheme for Kisan Credit Card? What is the period of insurance?

Personal Accident Insurance Scheme or PAIS covers all the Kisan Credit Card Holders against death or permanent disability in India. Here are few details of that cover provided by Personal Accident Insurance Scheme

Features of Personal Accident Insurance Scheme for Kisan Credit Card holder


Who is covered under Personal Accident Insurance Scheme - All Kisan Credit Card holders up to the age of 70 years.
Risk coverage under Kisan Credit Card scheme is as follows:
Death due to accident: Rs.50,000/-
Permanent disability: Rs.50,000/-
Loss of two limbs or two eyes or one limb and one eye: Rs.50,000/-
Loss of one limb or one eye: Rs.25,000/-
Period of Insurance - Insurance cover is valid for 1 year from the date of receipt of premium. In case of three year cover, the period of insurance is 3 years from the date of premium.
Total Premium Amount - Rs.15/- is the total premium amount per Kisan Credit Card holder. Out of this Rs 15, Bank has to pay Rs.10/- and the person pays Rs.5/-
Who does the claim settlement: Claim settlement is done by 4 Insurance Companies depending on which zone you live. For example United India Insurance Co Ltd covers southern states.
Claim Procedure for Personal Accident Insurance Scheme for Kisan Credit Card - In case of death, disablement claims & death due to drowning: Claim administration will be done by the designated office of the Insurance Companies. Separate procedure is to be followed.


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