Money & Banking

Corp Bank, New India Assurance tie up

Our Bureau Mangaluru | Updated on January 23, 2018 Published on April 27, 2015

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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Published on April 27, 2015
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