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Sunday, Aug 15, 2004
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Union Bank's insured recurring deposit

Union Bank of India has launched `Insured Recurring Deposit', that comes with a life insurance. The scheme is available for a minimum and maximum tenure of three and seven years, respectively.

The minimum monthly deposit requirement is Rs 100. The scheme also provides a life cover for deposit-holders aged between 18 and 55.

If the deposit holder dies even after paying a single installment the target amount will be paid back in full.

BL Research Bureau

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