AU Small Finance Bank Signed With LIC To Offer Jeevan Jyoti Bima Yojana

Banking finance company AU Small Finance Bank has signed an MoU with LIC to offer Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)

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AU Small Finance Bank Signed With LIC To Offer Jeevan Jyoti Bima Yojana

Banking finance company AU Small Finance Bank has signed an MoU with LIC to offer Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), a company official said.

Also Read: PMJJBY Scheme Benefits, Pradhan Mantri Jeevan Jyoti Bima Yojana

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Under the MoU, LIC will give a life cover of Rs 2 lakh in case of death to the customer at a nominal premium of Rs 330 per annum. The aim is to provide best services to the customers under one roof, MD and CEO of the company said in a statement.

Also Read: PMJJBY Eligibility Criteria, Pradhan Mantri Jeevan Jyoti Bima Yojana

Briefing about another recent development, he said the company has re-entered the housing finance segment. The company will also offer loans under government’s affordable housing and subsidy schemes like Pradhan Mantri Awas Yojana, he added.

Also Read: PMJJBY Documents Required, Application Forms & Procedure PMJJBY

He said the customers can avail loans up to Rs 1 crore. The product will be targeted for both salaried and self- employed (professional and non-professional) customers in urban, semi-urban and rural areas which is the bank’s core market segment.

Source Link- http://www.businessworld.in/.

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