2018
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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AU Small Finance Bank
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Equitas Small Finance Bank
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Federal Bank
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Yes bank
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Detailed explanation-1: -Who would be the Master policy holder for the scheme? Participating Bank (Union Bank) will be the Master policy holders. A simple and subscriber friendly administration & claim settlement process shall be finalized by LIC / chosen SUD insurance company in consultation with the participating bank (Union Bank).
Detailed explanation-2: -The scheme is being offered by Life Insurance Corporation and all other life insurers who are willing to offer the product on similar terms with necessary approvals and tie up with banks for this purpose.
Detailed explanation-3: -1. Details of the scheme: PMJJBY is an insurance scheme offering life. insurance cover for death due to any reason. It is a one-year cover, renewable from year to year.
Detailed explanation-4: -Bank of India-• PRADHAN MANTRI SURAKSHA BIMA YOJANA : Accident insurance worth Rs.2 lacs at just Rs.12 per annum. • PRADHAN MANTRI JEEVAN JYOTI BIMA YOJANA : Life insurance worth Rs.2 lacs at just Rs.330 per annum. Please ensure that your account has sufficient balance for the automatic deduction of premium amount.