Mobicash Beema

Mobicash now brings “Mobicash Beema” a unique Life insurance cover, through which our Mobile Account Customers upon saving Rs. 2,000 or more in their Mobile Accounts can get Life and Accidental Death Insurance of up to Rs. 1 Million absolutely free. The amount of the insurance depends upon the monthly average balance maintained in the Mobicash Account. Hence higher the balance, higher will be the insurance coverage.


Plan Name Mobile Account Monthly
Average Balance
Natural Death Benefit Accidental Death Benefits*
    Life Lump Sum Monthly Benefit
Plan A 2,000 – 5,000 50,000 100,000  
Plan B 5,001 – 10,000 100,000 200,000  
Plan C 10,001 – 25,000 250,000 500,000 2,500 / month for 5 years
Plan D Above 25,000 500,000 1,000,000 5,000 / month for 5 years
 
*Funeral benefit of Rs. 5,000 payable for all accidental death cases in addition to the benefit.
* Subject to Terms and Conditions
Ease of product subscription:
Existing Mobile Account Customers can subscribe for Mobicash Beema by dialing Mobicash helpline 4444 from their mobile phones.
 
Flexibility of product subscription:
Unlike traditional banking, existing Mobile Account Customers can subscribe for Mobicash Beema 24 hours a day, 7 days a week.
 
Natural Life and Accidental Life Insurance cover
• Terrorism coverage**
• Complete coverage during riots & strikes **
• Additional Funeral Benefit in case of accidental death
 
 
** Benefit under natural death only will be paid in such cases.
Subscribers will have to maintain an average monthly balance of Rs. 2,000 in their Mobicash Mobile Account to become eligible for the free Life and Accidental Death Insurance.
 
Duration of the insurance is for 30 days and it will be provided in the month following the average balance maintenance month.
 
Age Limit for Mobicash Beema
• Minimum Entry Age: 18 years (nearest birthday)
• Maximum Entry Age: 59 years (nearest birthday)
• Maximum Coverage age: 60 years (nearest birthday)
Natural Death
• Intentional self-inflicted injury, participation in any criminal act, violation of law.
• Failure to seek or follow medical advice, taking of alcohol or drugs.
• War, invasion, act of foreign enemy, hostilities (whether war  be declared or not), armed or unarmed truce,
  civil war, mutiny, rebellion, revolution, insurrection by military or usurped power, Direct participation in riots
  or civil commotion.
 
Accidental Death
• Murder (If the assured is a victim, benefit under natural death will be payable).
• Claims arising due to insured travelling in war inflicted areas.
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