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New Delhi, Aug. 17

Punjab National Bank has, in association with Life Insurance Corp, launched a life insurance scheme for credit-linked women self-help groups to provide life and permanent disability insurance cover. Mr J.M. Garg, Executive Director of the bank,launched the scheme at Alwar in Rajasthan by handing over 100 policies to SHG women beneficiaries, a release issued by the bank said. The scheme would initially cover 5,000 members of SHGs credit-linked to the bank. The annual premiu m for the insurance cover stood at Rs 200. The beneficiary would contribute 50 per cent of the annual premium and the rest would come from the Social Security Fund of the Central Government. —

Our Bureau

More Stories on : Life Insurance | Public Sector Banks | Punjab National Bank

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