Dena Bank ties up with LIC to launch GMRA for housing loan borrowers

Mumbai, Jan 3 (UNI) Dena Bank today launched 'Dena Grihaswami Suraksha Yojana', a Group Mortgage Redemption Assurance Scheme for its housing loan borrowers with a tie up with Life Insurance Corporation of India (LIC).

The scheme envisages that all housing loan borrowers including staff the Bank in the age group of 18-60 would be eligible to join it, a press release here said.

Highlight of the scheme is Life Insurance Cover upto maximum of Rs One crore on payment of single premium, for the entire term of loan, it added.

UNI