State Bank of Travancore (SBT) has entered into an alliance with United India Insurance Company to provide personal accident insurance cover to its savings account holders. The insurance cover is of Rs 5 lakh at a subsidised premium of Rs 50 per annum per account holder. All savings bank accountholders, including NRIs, will be eligible to join the insurance scheme. Currently, the scheme will be available at 101 select branches of SBT and by January 2009 it will be available at all the 715 branches of the bank across the country.
Wednesday, December 10, 2008
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