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Corporation Bank and New India Assurance Co have signed a memorandum of understanding for implementing the ‘Pradhan Mantri Suraksha Bima Yojana’.
Under the scheme, the Aadhaar-linked savings bank account-holders of the bank will be eligible for a cover of ₹2 lakh at a premium of ₹12 a year.
The enrolment period for the scheme is from June 1 to May 31, 2016, the bank said.
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