Salary Account Personal Accident Insurance cover of Rs.50 Lakh**
(Rs.40 Lakh**for all types of accidents including on-duty incidents and training. Additional Rs.10 Lakhs is applicable in case of death due to terrorist attack while on duty).
- Above Coverage's are subject to claimant having a salary account with Kotak Mahindra Bank Limited
- Above Coverage's are subject to at least one Salary / Pension credit received (in Kotak Mahindra Bank's Salary account) in last 6 Months from the date of accident .However, the coverage will start only after the first salary credit. In case of Defence trainees, undergoing training, the cover shall be applicable from the date of account opening for the first 6 months, post which salary credit is required for the cover to be applicable.
- Air Accident Cover is eligible if travel by Defence Aircraft/ Air ticket is provided by respective department /ticket is purchased from Salary AC (excepts personnel travelling in fighter jets)
- Uniformed personnel Police / Defence Etc. for Accidental Death due to Naxal / Mob / Terrorist Attacks are covered. The policy covers death / disability due to Wild animal attack, snake bite or any other accident while guarding Forests or any other property or even otherwise.
- For defence personnel under salary segment, death due to cross border firing is covered.
- Any death during training is covered
- Any death where insured personnel was deputed on high altitude is covered, and includes death due to accidents in high altitude and difficult terrain (like Siachen) including EQ, Flood & Terrorism.
- Any death, during rescue operation, riot like situation, civil commotion, Naxal combat, Terrorism attack, guarding important premises Or within respective camps is covered.
- For Child Education and Girl Child Benefit Age Criteria is Age 0 to 24 years old.
- All other terms and conditions as per standard Group Personal Accident Insurance Policy
- Claim document submission TAT is 180 Days from the date of accident / death/ loss
- WAR is excluded from the scope of the policy.
**Personal Accident Death Insurance, Partial Disability & Permanent Disability Cover is applicable for Uniformed personnel having salary account with KMBL with at least one salary credit in last 6 months. The Cover includes all on Duty and Off Duty accidents .There’s no condition of POS transaction to avail the cover. Eligibility criteria for availing below insurance cover benefit
**Personal Accident Death Insurance on Platinum Debit Card - Please Click here for more details.
- Lost Card Liability: To cover transactions at merchant outlets and online portals on lost / stolen cards as per the limit up to 30 days pre- reporting and 7 days post reporting.
- Purchase Protection: To cover loss of goods up to 60 days from the date of purchase as per the limits if the goods were purchased using Kotak Debit Card.
- Lost Baggage Insurance: To cover transactions at merchant outlets and online portals on lost / stolen cards as per the limit up to 30 days pre- reporting and 7 days post reporting. Click here for more detail.
Note: The above benefits & offers are subject to review and change from time to time. Kindly visit our website www.kotak.com for details