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Our Bureau

Bangalore , Jan 1

VIJAYA Bank has tied up with National Insurance Company Ltd to offer a free insurance policy to those availing themselves of housing loans from the bank.

Vijaya Home Loan Suraksha Bima covers borrowers against destruction of the property under home loan in a natural calamity and a personal life cover of the borrower. The bank feels that this value-added feature is likely to boost its home loan portfolio in near term. Incidentally, Vijaya Bank is the first bank in the country to offer bundled insurance policy covering housing property and personal accident of the borrowers .

More Stories on : Housing Finance | General Insurance

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