Kerala-based Federal Bank has tied up with New India Assurance Co. Ltd to implement Pradhan Mantri Suraksha Bima Yojana, the personal accident insurance scheme announced by the Government for savings bank account holders in the age group of 18 to 70 years.
“The Insurance scheme provides a cover of Rs 2 lakh against death/permanent disability caused due to accident, at an annual premium of Rs 12.
All Savings Bank account holders in the age group of 18 to 70 years are entitled to join the scheme. The scheme commences from June 1, 2015. Customers of Federal Bank can join the scheme by submitting the duly filled in consent cum declaration form at their branches before May 31, 2015.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.