Indian
Bank ties up with LIC to launch four insurance products
Our
Banking Bureau
3 December 2005
Chennai:
The Indian Bank has tied up with the Insurance Corporation
of India (LIC), to offer four insurance products for its
account holders - the IB Jeevan Kalyan, a life insurance
policy for all customers; IB Griha Jeevan for home loan
borrowers; IB Jeevan Vidya for students who have taken
educational loans; and IB Insured RD for recurring deposit
holders.
Indian
Bank is also offering three new savings bank accounts
with free insurance cover, a silver bank account with
a minimum balance of Rs5,000, a gold account with a
minimum balance of Rs10,000, and a platinum account
with a minimum balance of Rs 
25,000.
For the platinum account holders in the age group between
18 and 45 years, an additional life insurance cover
for Rs. one lakh will be provided.
The
policies cover all people between the ages of 20 and
60.
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