Union Bank of India to rollout life and accident insurance policies

275

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.

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

Get a chance to meet the Who's who of the BFSI industry. Join Us for 5th NBFC100 Tech Summit, Mumbai and explore business opportunities. Like us on Facebook, connect with us on LinkedIn and follow us on Twitter, Instagram & Pinterest.