Sunday , 16 June 2019
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ECONOMIC SCAN

Retail loan expo held in city

PANAJI: Bank of Maharashtra organised a retail loan expo at two locations on Monday. The expo at Panaji was at Azad Maidan and in Margao at Gomant Vidya Niketan Building, Abade Faria road. Builders and car dealers participated in the event. The loan expo was open for all the customers desirous of housing, vehicle, top up loan, education loan etc., and spot sanctions were given. NT

Launch of new LIC micro insurance plan

PANAJI: LIC has introduced Monday a new micro insurance plan ‘Micro Bachat’. It is a regular premium, non- linked, participating endowment micro insurance plan, which offers a combination of protection and savings.  For the first time a micro insurance plan has been launched providing coverage upto Rs 2 lakh. This plan provides financial support for the family in case of unfortunate death of the policyholder during the policy term and a lumpsum amount at the time of maturity for the surviving policyholders. Depending upon the experience of the Corporation, policies under this plan will be eligible for loyalty additions, if any, at such rates and on such terms as may be declared by the Corporation and it will be available in case of maturity, death or surrender if the policy has completed 5 years and 5 full years’ premium has been paid under the policy. NT

 

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