Dena Bank launches grihaswami suraksha yojana with LIC

New Delhi, Jan 3 (UNI) Dena Bank in collaboration with Life Insurance Corporation of India has launched ''Dena grihaswami suraksha yojana'', a group mortgage redemption assurance scheme for its housing loan borrowers.

Under the scheme, life insurance cover upto maximum of Rs one crore would be made available on payment of single premium, for the entire term of loan, a statement said.

All housing loan borrowers including staff housing loan borrowers of the bank in the age group of 18-60 would be eligible to join the scheme.

UNI