Central Bank of India has signed a Memorandum of Understanding (MoU) with The New India Assurance Company to operationalise ‘Pradhan Mantri Suraksha Bima Yojana (PMSBY)’, the scheme announced by the Finance Minister in Union Budget 2015-16.
PMSBY insurance scheme is being launched for the benefit of all saving account holders of banks. The scheme will provide insurance cover for accidental death or disability on account of an accident. The yearly premium for Rs 2 lakh insurance cover is Rs 12 per member. The scheme is available for members in the age group of 18 to 70 years. The proposed date of commencement of the schemes will be June 01, 2015.
Central Bank of India holds a very prominent place among the Public Sector Banks on account of its network of 4336 Branches, Asset Recovery Branches (ARB) 9, Retail Asset Branches (RAB) 15 and 26 extension counters along with satellite branches at various centres throughout the length and breadth of the country.
Company Name | CMP |
---|---|
SBI | 818.15 |
Bank Of Baroda | 260.85 |
PNB | 125.75 |
Canara Bank | 566.25 |
Union Bank Of India | 133.70 |
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