IOB Suraksha Meaning In English
IOB Suraksha translation, meaning, definition, explanation and examples of relevant words and pictures - you can read here.
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Meaning
IOB SURAKSHA, a personal accidental death insurance plan, is offered to IOB savings account members by Indian Overseas Bank (IOB). This word IOB Suraksha can be found on the account statement or SMS for the related Rs. 236 debit. There are 2 plans. one with a coverage value of 5 lakhs and a premium of 118 rupees, and the other with a coverage amount of 10 lakhs and a premium of 236 rupees.
Example
1. Plan A is priced at Rs. 5 lakhs with a nominal premium of Rs. 100 + service tax
2. Plan B is priced at Rs. 10 lakhs with a nominal premium of Rs. 200 + service tax
Sentence
IOB SURAKSHA, is an annual ATM fee deducted from your account.
