IndusInd Bank to insure all NRI account holders

IndusInd Bank signed a memorandum of understanding with LIC on Friday to offer group insurance of Rs 3 lakh to all its NRI account holders.

According to the scheme, the account holder could avail it simply by declaring himself fit.

"The NRI component of account holders now would be around 10 per cent," Bhaskar Ghose, managing director of IndusInd Bank, said.