Syndicate Bank ties up with Tata AIG Life Insurance
Syndicate Bank has tied-up with Tata AIG life Insurance Company Ltd to provide group life insurance solution to its existing and new housing loan customers.
Under this tie-up, Syndicate Bank would offer Tata AIG's 'Total Suraksha' plan to its housing loan borrowers across all its branches in the country on payment of one-time premium.
TATA-AIG's 'Total Suraksha' facilitates comprehensive insurance solution by covering death due to any cause. The product is designed to cover outstanding balance of the loan over the remaining term of the loan.
The premium also qualifies for tax exemption under Section 80 C of Income Tax Act 1961.
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