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Central Bank of India : signed MOU with The New India Assurance Co. to implement Government’s PMSBY

04/27/2015 | 08:06am US/Eastern
CO:PRO:2005:08: Public Relations Deptt., 16th Floor, Chandermukhi, Nariman Point, Mumbai - 400 021.

CO:PRO:2015:16:04:PRESS:07 27th April, 2015

PRESS RELEASE Central Bank of India signed MOU with The New India Assurance Co. to i mple me nt Go v er n ment ' s P M SBY

Central Bank of India signed MOU with The New India Assurance Co. to operationalise Pradhan Mantri Suraksha
Bima Yojana (PMSBY), the scheme announced by the Hon 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 lacs 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 1st June 2015.

Photo Narration:-

Mr. B. Akbaraly, Dy. General Manager (In Charge CCD) of Central Bank of India exchanged MOU with executive of New India Assurance Co. Dr. J. S. Dahiya, DGM to implement Government's PMSBY insurance scheme for Bank's all saving account customers. Other executives of Central bank of India and The new India Assurance Co. are also seen in the picture.

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