The Cosmos Co-operative Bank- the oldest and tech-savvy multi-state scheduled bank has tied-up with New India Assurance for Pradhan Mantri Suraksha Bima Yojana and with Life Insurance Corporation of India for the Pradhan Mantri Jeevan Jyoti Yojana informed Krishnakumar Goyal – Chairman Cosmos Bank.
Goyal informed that Pradhan Mantri Suraksha Bima Yojana and Pradhan Mantri Jeevan Jyoti Yojana will be available at all the branches of Cosmos Bank and customers should take advantage of these facilities.
A press release from the Pune headquartered UCB says the features of Pradhan Mantri Suraksha Bima Yojana are quite attractive such as Saving account holders in the age group 18 years to 70 years will get insurance cover of Rs. Two lakh in case of accidental death or permanent disability due to accident for premium of Rs.12/- (Rs.Twelve) per annum.
Another features is ; Saving account holders in the age group 18 years to 50 years will get life coverage of Rs. Two lakh at the premium of Rs.330/-(Rs. Three hundred and thirty only) per annum. The beneficiaries will get the insurance amount after death of account holder.
The time period of both these insurance is from June 1st to May 31st. The detailed information of both these schemes is available at all the Cosmos Bank branches informed Goyal.
Cosmos Bank is a leading multi-state scheduled co-operative bank with 140 branches in 7 states having a set-up of more than Rs.26,600 crore.