Corporate Site |
Hindi Marathi
[+] [-] | Skip to navigation | Skip to main content | screenreader Contrast Scheme : contrast
              1800 220 229 ,1800 103 1906,
              022 40919191
rect rect
yo You are here path  Retail path CASA Term Insurance path CASA Term Insurance  
CASA Term Insurance

Group Term Life Insurance Scheme for CASA Customers of Bank of India

Our CASA Customers can now get ‘More Benefit’ from their account. Their account will not only ‘Save’ their hard earned money to fulfill their family’s dream, but also ‘Protect’ these dreams from any unforeseen event.

This is now possible with ‘Star Union Dai-ichi Life’s Group Term Life Insurance’ cover offered specially for Bank of India’s CASA Customers at a very nominal premium rate. Applying for this scheme is very simple and it requires ‘No Medicals or Documents’. Just give consent in a simple one page form and instantly get insured.

Key Features:

  • Affordable Premium starting at just ` 125/- p.a. only + service tax
  • Hassle-free procedure with No Medicals/ Documentation required
  • Choice of Sum Assured ranging from ` Rs. 1-5 lakhs in multiples of ` Rs. 1 lakh
  • Auto Renewal option to avail the benefits of this plan year after year
  • Income Tax Benefits under section 80(C) & 10(10D)


Eligibility Criteria: Resident Indians aged between 18-64 years (maturity upto 65 years) having Bank account (single/ joint) are eligible for cover under this scheme./

Pre-Existing Diseases: This scheme covers death due to any cause with an exclusion of below mentioned pre-existing diseases* only –

Heart Conditions Kidney Failure Paralysis Mental Illness
A Stroke Liver Failure Cancer HIV Infection or Aids

*Bank may advise its customers suitably that if they are already suffering from any of the above disease the claim may not be settled by the SUD life.

Premium Mode & Calculation: It is a yearly renewable policy where the customer pays the prorate premium as per age at the time of joining. On every renewal one full year premium shall be charged with an option of auto-renewal.

Premium Table -

Age Band (Last Birthday) Premium Rate per Annum For One Lac Sum Assured (Exclusive of Service Tax)
18-35 Rs 125/-
36 – 50 Rs 259/-
51 – 60 Rs 695/-
61 – 64 Rs 1,190/-

Company is eligible to claim income tax rebate as per instant rules. Where the insurance is offered by the company the individual staff may request for higher sum assured by contributing additional premium. The company may accept such contribution under staff welfare scheme as a policy. Total insurance premium paid by the company is eligible for tax rebate.

Individual staff member can continue the policy up to the age of 65 years without any restriction subject to payment of premium as per applicable rate.


Announcement        Start | Stop

BOI Financial Results 30.06.2017

Press Release from IBA new

Integrity Pledge Count new

Public Notice for Unclaimed Dividend

List of Wilful Defaulters

With the implementation of Goods and Services Tax (GST), the existing service tax rate of 15% has been replaced by GST rate of 18% from July 1, 2017

All customers are requested to provide GSTIN to their branch alongwith supporting documents to claim input credit.

Annual Report 2017

We request our esteemed customers to urgently have their KYC details updated / corrected to avoid freezing of accounts new

MCLR w.e.f. 10.08.2017

Empanelment Of Sarfaesi Valuers

Details of unpaid / unclaimed Dividend

As part of FATCA/CRS requirements, all customers are requested to submit Declaration Form (For Individuals) / Declaration Form (For Entities) click to download with supporting documents to their Parent Branch immediately. Non-Compliance with this requirement may lead to freezing or closure of account as per guidelines.

Base Rate revised to 9.55% w.e.f 31.03.2017

List of Recovery Agents/ Enforcement Agents/Detective Agency of Lucknow Zone

Change of Registrar and Share Transfer Agent

Notice to CD Customers

Notice to Customers

Notice to SB Customers

ATM transactions for savings Bank A/c Customers

Notice for our DEMAT Account Holders

images © 2012 Bank of India. All rights reserved Site best viewed in resolution of 1024x768 ipv6 ready images
rect Ac Checker
CASA Term Insurance