Indian government to offer life insurance with new bank accounts through financial inclusion scheme

Tuesday, September 30, 2014

MUMBAI: The government will shortly announce the life insurance cover to be provided to the new bank accounts being opened under the Prime Minister’s Jan Dhan Yojana, a top finance ministry official said today.

The government is already providing Rs 1 lakh personal accident cover for each bank account being opened under the scheme and the cover is being provided by private sector non-life insurance company HDFC Ergo.

Source: Economic Times India (link opens in a new window)

Base of the Pyramid, financial inclusion, governance