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Thursday, Oct 06, 2005

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Free NIA accident cover for PNB borrowers

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NEW DELHI: Punjab National Bank (PNB) has entered into a tie-up with New India Assurance Co Ltd to extend free of cost personal accident insurance cover to its retail lending customers.

The cover would be of a maximum of Rs 2 lakh and would include accidental death. The cost of the cover will be borne by the bank.

Speaking on the occasion of the signing ceremony for the memorandum of understanding, the PNB Chairman and Managing Director, Mr S.C. Gupta, said the agreement would provide value addition to its customers.

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