Insurance behemoth Life Insurance Corporation of India (LIC) has signed a memorandum of understanding (MoU) with IDBI Bank to provide life cover under Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY).
PMJJBY is central government’s scheme. Under this scheme, Bank’s savings account holders will be eligible for life cover of Rs.2 lakhs for a premium of Rs 330 per annum.
vinay mohanty
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