MCB Bancassurance brings to you broad access to finding financial solutions even if you don’t have formal banking relationships. All you need is your mobile phone and you can get yourself a complete comprehensive protection plan and insurance coverage with just a few easy steps. You don’t even have to get any medical endorsements to get this protection plan. Register to MCB Mobile Banking and get yourself instantly insured in a quick and easy way at a very nominal cost with the MCB Protection Plan and get your ‘Har Pal Mehfooz’!
Payment of lump sum amount (Sum Assured) to your family in the event of death within the policy term.
If the insured person dies due to accident, a sum, double the Natural death benefit will be paid to the beneficiary. Customer has the option to take 50% of the accidental death benefit as lump sum immediately upon Accidental death and remaining 50% can be taken in the form of 120 equal monthly installments of 1 % of the Accidental death Sum Assured.
The Natural death benefit will be paid even if the customer becomes permanently disabled due to accidental causes.Customer has the option to take Accidental Disability Benefit as in the form of 120 equal monthly installments of 1% of the basic death benefit.