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The Jeevan Umang policy is a participating, non-linked policy.
Earlier, the government asked citizens to link PAN and Aadhaar cards before 31st March 2022.
The basic savings account aims to provide banking services to people at a nominal charge.
LIC Bima Ratna offers death benefits along with accrued guaranteed additions.
The central bank directed all banks to allow interoperable cardless cash withdrawals on all ATMs.