This is a facility extended to the Shareholder in the event of an accidental death. The Accidental relief fund is raised by debiting an amount of Rs. 300/- from the shareholder’s CMTD holdings once in a year.

 

S.No. CRITERIA BENEFIT EXTENDED
1. Accidental Death of shareholder Rs. 5,00,000/-
2. In the event of loss of hand upto elbow & above Rs. 50,000/-
3. In the event of loss of leg upto knee & above Rs. 75,000/-
4. In the event of loss of eye Rs. 50,000/-

 

However, in the event of item 1, the dues outstanding in the account of the deceased member will be adjusted from the above fund and the balance will be paid to the nominee.