Canara Bank to launch life insurance cover scheme
MDT/PTI 20 August 2012

Canara Freedom Suraksha is a life insurance cover of Rs1 lakh offered for all its savings bank customers and covers both natural and accidental death

 
Bangalore: State-run Canara Bank is launching "Canara Freedom Suraksha", a life insurance cover of Rs1 lakh for all its savings bank customers as a value-added service at a very nominal premium, reports PTI.
 
In a statement, Canara Bank Executive Director AK Gupta said the facility is being launched on Tuesday in association with its joint venture company "Canara HSBC Oriental Bank of Commerce Life Insurance Company".
 
The cover is extended without any medical test and merely on a declaration of good health by customers and covers both natural and accidental death, he said.
 
The annual premium rates (inclusive of service tax) are Rs177, Rs366 and Rs988 for age groups of 18-35, 36-50 and 51-59, respectively, the statement said.
 
Comments
Free Helpline
Legal Credit
Feedback