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image HAWKER INSURANCE

FEATURES

Also known as 'Aam Aadmi Bima Yojana'
Purpose:-
Hawker Insurance is a direct tie up between Union Bank of India and Life Insurance Corporation of India. This insurance provides life and accident cover to customers, who work as a hawker.
Eligibility:-
The insured person should be an existing or new customer of Union Bank of India and he or she must be working as a hawker. The age criterion for getting insured is from18-59 years.
Quantum of loan:-
The maximum sum assured is Rs. 50,000.
Premium:-
The Premium is Rs. 4/- per thousand sum assured per year up-to maximum premium of Rs.200/- per customer per year.

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