Personal Loan Offer
Offer: Avail Personal Loan and get 50% processing fee refund and Rs. 5 Lakhs personal Accident Insurance Cover for 1 year.
Offer Period: 16th March, 2020 to 31st March, 2020.
Terms and Conditions
- Offer is valid only for (a) digibank savings account customers who have availed personal loan and (b) personal loan is disbursed during the Offer Period and (c) personal loan account has not been closed within 30 days of loan disbursal and (d) the customer has not defaulted on payment of EMI. (“Eligible Customers”).
- Eligible Customers will get a refund of processing fee in their digisavings account within 90 days of loan disbursal.
- By applying for Personal Loan and availing this Offer, you authorize DBS Bank India Limited to share your personal details with Royal Sundaram General Insurance Company Limited to issue Rs. 5 Lakhs Personal Accident Insurance for one (1) year.
- The Personal Accident Insurance will be offered for the 1st year and the Eligible Customers have the option to renew the Personal Accident Insurance from 2nd year through digibank app after paying applicable premium.
- DBS reserves the right to modify, cancel, extend or discontinue the Offer at any time without prior notification.
- This Offer is voluntary and by participating in the Offer, you are deemed to have read, understood and accepted these Terms and Conditions.
- This Offer will be governed by the laws of India and shall be subject to the jurisdiction of courts in Mumbai.
- Personal Accident Insurance cover of Rs. 5 Lakhs is underwritten and issued by Royal Sundaram General Insurance Company Limited. Claims will be settled by Royal Sundaram General Insurance Co. Limited as per the respective terms and conditions as captured in the policy document. For more details on risk factors, terms and conditions, please refer to the policy annexure of the respective insurance plan and specific details applicable to each insurance plan. Group Personal Accident Policy (APA002) of Royal Sundaram is approved by IRDAI vide UIN - IRDAI/NL-HLT/RSAI/P-P/V.I/180/1
- Key Benefits of Personal Accident Insurance are:
- Cover for Accidental Death: In the unfortunate event of death of the insured due to an accident, the entire Sum Insured will be paid to the nominee.
- Cover for Permanent Total Disability: In the unfortunate event of permanent total disability of the insured due to an accident, either 50% or 100% of Sum Insured depending on the eligibility will be paid to the insured.
- Cover for Permanent Partial Disability: In the unfortunate event of permanent partial disability of the insured due to an accident, a certain percentage of the Sum Insured will be paid to the insured, depending on the extent of disability.
- For more details please click here.