New insurance linked savings scheme from Andhra Bank

New insurance linked savings scheme from Andhra Bank

December 01, 2013 02:07 pm | Updated November 16, 2021 06:21 pm IST – VIJAYAWADA: Andhra Bank will be launching its new insurance-linked savings account scheme ‘AB Jeevan Abhaya Plus’ from December 1. Disclosing this at a press meet here on Saturday, the bank’s Deputy General Manager G. Ravi Kumar said that the scheme was being launched nationwide as part of the bank’s 70th year .As per the scheme, customers who would opt for this savings account will be provided insurance cover of Rs. 2 lakhs. The insurance cover will be given by India First Life Insurance Company, an insurance company jointly promoted by Andhra Bank and Bank of Baroda. The bank proposes to enlist at least…
Read More…

Source: https://www.thehindu.com/news/national/andhra-pradesh/new-insurance-linked-savings-scheme-from-andhra-bank/article5410317.ece/amp/