Date:15/08/2004 URL: http://www.thehindubusinessline.com/bline/iw/2004/08/15/stories/2004081501071405.htm

Back Union Bank's insured recurring deposit

Union Bank of India has launched `Insured Recurring Deposit', that comes with a life insurance. The scheme is available for a minimum and maximum tenure of three and seven years, respectively.

The minimum monthly deposit requirement is Rs 100. The scheme also provides a life cover for deposit-holders aged between 18 and 55.

If the deposit holder dies even after paying a single installment the target amount will be paid back in full.

BL Research Bureau