AGE LIMIT FOR CLAIMING PERSONAL ACCIDENT INSURANCE BENEFIT UNDER N DSP SCHEME

 

HERE  is a an important message   regarding  AGE LIMIT FOR  claiming   PERSONAL ACCIDENT INSURANCE COVER.

There is a limit. As of now, as per the available  information, the  Max. limit is 80 yrs,    Those who die in an accident  whose age at the time of accident shall not be more than  80 yrs.    This limit also varies from Bank to bank.

  We have to clarify before making any claim.

This condition may change later on.

All are requested to note the same  and pass on to other veterans also.

or For Defence Salary Package (DSP) accounts, the Personal Accident Insurance (PAI) cover generally extends to serving personnel up to retirement age (often 60 or 62), and for pensioners up to age 70 (sometimes 80 for specific covers), with maximums depending on the bank (like SBI, BoB) and specific account type, covering death/disability, with child education/marriage benefits often up to age 25. 

For Serving Personnel:

·         Age Limit: Typically 18 years to retirement age (e.g., 60 years), as noted by Bank of Baroda and Bank of Baroda.

·         Cover: Includes high PAI for death/disability during duty and off-duty, as per Bank of Baroda. 

For Pensioners (Retired Personnel):

·         Age Limit: Coverage often continues, with benefits extending up to age 70 or even 80 for certain disability/accident covers, as seen in Bank of Baroda and Scribd.

·         Coverage: Includes PAI, often with continued benefits for disability and specific child benefits, say Scribd.   

All