LIC, Dena Bank ink MoU to roll out PMJBY

By: |
Mumbai | April 7, 2015 12:23 AM

Life Insurance Corporation (LIC) of India and Dena Bank signed an MoU on Monday to implement the Pradhan Mantri Jeevanjyoti Bima...

Life Insurance Corporation (LIC) of India and Dena Bank signed an MoU on Monday to implement the Pradhan Mantri Jeevanjyoti Bima Yojana (PMJBY) for the savings account holders of Dena bank.

PMJBY is a life insurance scheme and was announced by finance minister Arun Jaitley in the Union budget.

The scheme offers insurance cover of Rs 2 lakh to the bank account holders in the age group 18-50 years. The insurance cover will be available up to 55 years. The scheme will be offered under group insurance platform.

Do you know What is ? FE Knowledge Desk explains each of these and more in detail at Financial Express Explained. Also get Live BSE/NSE Stock Prices, latest NAV of Mutual Funds, Best equity funds, Top Gainers, Top Losers on Financial Express. Don’t forget to try our free Income Tax Calculator tool.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1FM asks IRDAI to act against insurers for denying cashless COVID-related claims by insurance companies
2Buying Insurance? Let technology simplify this for you
3Benefits of no claim bonus protection add-on cover in car insurance and how it works