Dena bank has entered into a
partnership with SBI Life Insurance to extend group life insurance Dena Grihaswami Suraksha Yojana'. The MoU signed between
Dena Bank and SBI Life Insurance will enable the bank to offer insurance cover
to all home loan borrowers and this facility would be offered at a low premium.
Other features of the insurance cover include the cover being limited to the
outstanding loan amount. In case of the unfortunate event of borrower’s death,
the outstanding loan is set off against the policy proceeds. The insurance
would be offered with a single premium for the entire loan tenure at the time
of entry.
Dena Bank offers an array of facilities for the benefit of
its customers with Net Banking being one of them. Customers can view their
account statements and make fund transfer using NEFT by mentioning the IFSC code of the beneficiary bank in an instant.
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