The Hindu Business Line : Dena Bank offers cover to clients

DENA Bank has launched Dena Jeevan Savings Bank Account scheme to offer life insurance cover to savings deposit account holders under a group scheme of LIC.

A press release here said the customers opting for the scheme are eligible for life insurance cover of Rs 1 lakh under one-year renewable term insurance plan at a nominal cost.

Under the scheme, the customers only have to give a declaration of good health. There is no need for medical tests.

Insurance cover commences on signing the consent- cum-authorisation letter and after the premium is debited to the account.

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