Dena Bank ties up with LIC to launch Group Mortgage Redemption Assurance Scheme for Housing Loan Borrowers

Dena Bank has announced that on January 03, 2007 the Bank has launched "DENA GRIHASWAMI SURAKSHA YOJANA", a Group Mortgage Redemption Assurance Scheme for its housing loan borrowers with a tie up with Life Insurance Corporation of India (LIC).

All housing loan borrowers including staff housing loan borrowers of the Bank in the age group of 18-60 would be eligible to join the "Dena Grihaswami Suraksha Yojana". Highlight of the scheme is Life Insurance Cover upto maximum of Rs 1.00 crore on payment of single premium, for the entire term of loan.

Source : Equity Bulls

Keywords