Conditions of Insurability. All existing members who are in the age group of 18 yrs. (complete) to 79 yrs will be eligible to join the scheme. A maximum cover of Rs. 10 Lakhs will be provided for loanee and Rs. 1. 00 lac for Depositor & Employees and minimum cover amount will be Rs 1000.
Appears in 1 contract
Sources: Memorandum of Understanding
Conditions of Insurability. All existing members who are in the age group of 18 yrs. (complete) to 60 (and/or 60 years to 79 years) yrs will be eligible to join the scheme. A maximum cover of Rs. 10 03.00 Lakhs will be provided for loanee and Rs.
1. 00 1.00 lac for Depositor & Employees and minimum cover amount will be Rs 1000.
Appears in 1 contract
Sources: Insurance Agreement