iob_bank_ntb_1999_product

Last Updated:04/02/2026
NTB 1999 Product
   

Target Group

NTB_1999 is a group insurance product exclusively offered to our New to Bank (NTB) Savings Bank Account Customers. All types of Savings Bank Account can be covered under the scheme.

Policy Tenure

1 Year Renewable every year

Entry Age

18-60 Years.

Plan

1Adult (Self Only).

In case of Joint Accounts, coverage can be provided to joint holders by paying individual premium.

Base Sum Insured

Rs. 2.00 Lac

Premium

Rs.1999 (INCLUSIVE ALL TAXES)

Coverage:

  • Hospitalization Coverage of Rs.2.00 Lakhs (Base Sum Insured).
  • Personal Accidental Insurance Coverage of Rs.20.00 Lakhs.
  • Hospital Daily Cash Coverage of maximum Rs.40000/-