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Andhra
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Hawker Insurance
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.
FAQS
1. Is it only a life insurance scheme?
This scheme is not only pertaining to life insurance, there is benefit of insurance in case of accident too which depends on the degree of loss to the customer.
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