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Motor Accidental Claimant Annuity Deposit

 

Description

Under the directions of Hon’ble High Court of Delhi directions and as advised by IBA, we have formulated a New Product named “MACAD (Motor Accidental Claimant Annuity Deposit” and “MACT SB A/c (Motor Accidental Claims Tribunal SB A/c).

The Product has been formulated for disbursement of compensation to the victims of the Road Accidents. This New Product has in-built Term deposit known as “MACAD” and SB A/c known as “MACT Claims SB A/c”. The features of these New Products are as under:-