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Kochi, March 8

Federal Bank has launched `Fedjeevan' for its recurring deposit customers, in association with the Life Insurance Corporation of India.

Customers enrolled under this scheme will be entitled for the maturity value of the recurring deposit, opened for a period of not less than three years, as insurance cover in the event of death.

The scheme is open to customers in the 16-55 age group, and the insurance cover equal to the maturity value of the fixed deposit is subject to a maximum of Rs 10 lakh, a press release said.

More Stories on : Life Insurance | Private Banks | Fixed Deposits

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