Bank of Maharashtra (BoM) along with Life Insurance Corporation of India (LIC) has started two plans-Maha Suraksha Deposit Scheme and Maha Grih Suraksha scheme.

Maha Suraksha Deposit Scheme covers savings, current and term deposits and provides value addition of life insurance for deposit account holders.

The deposit holders of the BoMget the privilege to use life insurance cover under a One-Year Renewable Term Insurance Plan of LIC of India. Any customer aged 18 and 59 years of age who takes up any one of these two products, is  entitled for an insurance cover of Rs.1 lakh on life.

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