The aim of Jan Sewa Bima Yojna is to offer a single fixed cover and fixed price package insurance primarily to rural and semi-urban householders. Through this policy, you can avail comprehensive insurance protection for your entire assets, interests, liability and self.
This rural insurance policy in India comprises of 3 sections.
Section 1 provides insurance for household contents against Fire and Special Allied Perils.
Section 2 provides insurance to household contents, against housebreaking, robbery and dacoity and burglary.
Insurance cover for contents under Section A and B shall be on a 50% first loss basis only.
Section 3 provides a Personal Accident insurance cover that results in death or permanent total disability. Proposers between the age of 18 to 70 years and proposer’s family members between the age of 5-70 years can benefit from this cover.
Section 3B provides financial aid to your children in case of death due to an accident. This claim, up to the amount mentioned in the policy schedule, can be put forward only once a claim has attained payable status under Benefits 1,2 & 4 of the Table of Benefits under sub-section 3(A) namely,
Personal Accident. The insurance cover amount shall be payable to the named child/children of the deceased as mentioned in the insurance policy.
We may cancel this Policy by sending 15 days’ notice in writing by Regd. A.D. to You at Your last known address. You will then be entitled to a pro-rata refund of premium for the unexpired period of this Policy from the date of cancellation, which We are liable to repay on demand. You may cancel this Policy by sending a written notice to Us. We will then arrange a refund after retaining the premium based on the following Short Period scale.
Within One Week of inception of cover
25% of premium
Beyond One Week of inception of cover but within 15 days of inception of cover.
12.5% of Premium
Beyond 15 days of inception of cover
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