Pan Asia Bank promotes loan scheme for pensioners, ex armed forces personnel

Friday, 5 December 2014 00:54 - - {{hitsCtrl.values.hits}}

Pan Asia Bank Kundasale and Matara branches recently conducted mega promotional campaigns to create awareness for the bank’s Sammana and KIA/MIA/DIA loan schemes. Chief Minister – Central Sarath Ekanayake and Provincial council member Pasan Yapa Aeywardana were the Chief Guests at these events respectively. More than 1,500 senior citizens participated and benefited from these events. Pan Asia Bank offers ‘Sammana’ loan scheme to government pensioners and retired members of armed forces, while offering special loans to families of KIA/MIA/DIA category members of armed forces and Police. In both cases the loan can be repaid until the applicant reaches 70 years of age. Under the new insurance value addition, customers of these loan schemes will be offered loan protection policies at comparatively low premiums and the insurance will work as a life policy in that, in an event of a customer’s demise prior to full settlement of the loan, not only his/her closest family members will be relieved of the loan liability but they also will receive balance amount left from the original sum assured. Further, the policy will be issued without any medical inspections irrespective their ages which is a rare privilege for the elderly people of the country.