Tuesday, May 25, 2010

PNB account holders get Oriental Insurance policy

Punjab National Bank (PNB) account holders will now get a unique health insurance scheme launched by Oriental Insurance.

During the launch of policy PNB executive director Nagesh Pydah told reporters, 'The policy covers the insurance proposes, spouse and two dependent children. Persons up to 80 years of age can be covered under the policy.”

Last year, a bancassurance deal was signed between the state-owned general insurer and the PNB for the distribution of insurance policies at bank counters.

Oriental Insurance's deputy general manager G. Anandan said insurance cover will be available from Rs.100,000 to Rs.500,000 on floater basis. All the family members will be covered under a single sum insured and the premium will be uniform across all age groups.

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