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Coimbatore, Oct. 13

City Union Bank has, in association with Life Insurance Corporation of India, introduced two new insurance linked savings scheme. Of the two, CUB Excel is a savings scheme offering a maximum life cover of Rs one lakh under the group insurance scheme of LIC and CUB Apoorva is a recurring deposit scheme for a minimum of 3 years and a maximum of 5 years with amounts ranging from Rs 100 a month up to Rs 10,000/month. The regular term premiums under both the schemes would be lo wer as these come under LIC’s group insurance scheme, a note from CUB said.

— Our Bureau

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