Public sector lender Dena Bank has entered into partnership with government-owned Life Insurance Corporation of India (LIC) to provide insurance cover to all Aadhaar-linked savings account holders. Under the Prime Minister’s Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJBY) scheme, a risk of Rs 2 lakh will be covered in case of death of any reason and a premium sum of Rs 330 per annum will be auto debited to the account holder’s account.
The scheme provides insurance cover to all Aadhar linked savings account holders in the age group of 18-50 years. After enrollment, coverage will be available up to 55 years of age for existing members.
