Corporate Salary Account IBM Terms and Conditions

  • The following are the broad Terms & Conditions of the captioned cover on salary account
  • Accidental Death resulting from bodily injury due accident only
  • Accidental Death resulting from bodily injury which directly and independently of all other causes results in Death within twelve (12) months of the event date
  • On the event date, the account holder
  • Is a bonafide employees (aged less than 70 years ) of the organization to whom the specific offer has been extended
  • Is holding a Salary Account under the Corporate Salary Account Program with HDFC Bank and has received salary credit in the month or month prior
  • Should have carried out at least one purchase transaction using the Debit Card, within 6 months prior to the date of loss.
  • In case of Air Accidental Death claim ticket should have been purchased using Debit Card linked to Salary Account
  • Cover provided only to the primary account holder