AUSFB Inks MoU with LIC

Banking finance company AU Small Finance Bank has signed an MoU with LIC to offer Pradhan Mantri Jeevan Jyoti Bima Yojana.Under the MoU, LIC will give a life cover of Rs2 lakh in case of death to the customer at a nominal premium of Rs330 per annum. The company will also offer loans under government’s affordable housing and subsidy schemes such as Pradhan Mantri Awas Yojana.

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