Bank of India (BOI) has signed a Memorandum of Understanding (MoU) with the New India Assurance Co. Ltd & Star Union Dai-ichi Life Insurance Company for roll out of social security Insurance (Non-life & life &) schemes; viz., “Pradhan Mantri Suraksha Bima Yojna (PMSBY)” & “Pradhan Mantri Jeevan Jyoti Bima Yojna (PMJJBY)” respectively to its customers.
The dignitaries present at the MOU signing ceremony were: Mrs V R Iyer (Chairperson & Managing Director, Bank of India),. G. Srinivasan (Chairman & Managing Director, The New India Assurance Co. Ltd.), Girish Kulkarni (Managing Director & CEO, Star Union Dai-ichi Life Insurance Company), Arun Shrivastava (Executive Director, Bank of India) and Mr. K. Sanath Kumar (Wholetime Director & General Manager, The New India Assurance Co. Ltd.). V R Iyer, CMD, Bank of India, said, the “Bank has always been at the forefront of low-cost social sector banking & insurance schemes that will increase penetration across all sections of society across geographies.
