SMS Received from VK-NICLTD

Thousands of customers received below messages for renewal reminder for Pradhan Mantri Suraksha Bima Yojana  from insurance company - National Insurance Company Ltd (NIC).

DM-NICLTD (SMS Received on 19/05/2016)

DEAR CUSTOMER,
PRADHAN MANTRI SURAKSHA BIMA POLICY EXPIRES ON 31-05-2016. PL CONTACT YOUR BANK FOR AUTO DEBITING RS.12/- AS PREMIUM FROM YOUR SAVING BANK A/C.
SMS Received on 19th May 2016


VK-NICLTD (Received on 08/05/2016)

DEAR CUSTOMER,
RENEWAL PREMIUM Rs. 12/- OF PMSBY IS DUE ON 31-05-2016 PLEASE CONTACT YOUR BANK'S BRANCH TO  RENEW THE POLICY WITH NATIONAL INSURANCE.
SMS Received on 8th May 2016



What is the meaning of this SMS ?
As this is the renewal reminded for your PMSBY policy you should visit your Bank branch to renew it.

Is my premium amount will auto debit?
As this is auto debited scheme it may be possible your renewal amount of Rs 12 wil auto debit from your account. (But please visit your branch before 31st May 2016)

What is Pradhan Mantri Suraksha Bima Yojana ?
Pradhan Mantri Suraksha Bima Yojana (PMSBY – Scheme 1 – for Accidental Death Insurance) are:

Eligibility: ICICI Bank Savings Bank (SB) Account holders between 18 years (completed) and 70 years (age nearer birthday) who give their consent to join / enable auto-debit, as per the modality, will be enrolled into the scheme.

Policy period: The cover shall be for one year period starting from June 1, 2015 to May 31, 2016 for which option to join / pay by auto-debit from the designated Savings Bank account on the prescribed forms will be required to be given by May 31, 2015 - extendable up to May 31, 2016. For the saving A/c holder joining after May 31, 2015 the cover shall end on May 31, 2016.

Premium: Rs. 12 per annum.

Payment Mode: The premium will be directly auto-debited by the bank from the subscribers account. This is the only mode available.

Risk Coverage: Total coverage (sum-insured) under the scheme is Rs. 2 Lakh.

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