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Union Bank of India to rollout life and accident insurance policies

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By BFSI Network · 22 April 2015 · News

UNionBankUnion Bank of India has reportedly joined hands with Star Union Dai-ichi Life Insurance and New India Assurance for providing life and accidental death Insurance policies respectively to its account-holders under the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and Pradhan Mantri Suraksha Bima Yojana (PMJJBY) schemes.

The schemes, which were announced in the Union Budget 2015-16, offer sum assured of Rs 2 lakh each to accountholders in the age-group of 18-50 years.

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The annual premium for the life cover is Rs330, while the accidental death cover will cost Rs 12 per year.

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Tags: accident insurance BFSI elets Insurance Life Insurance New India Assurance Star Union Dai-ichi Union Bank of India

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