On December 1, The 'AB Jeevan Abhay Plus' will be launched by Andhra Bank. This is a new product which is would be an insurance plan linked to a savings account. On Saturday, G. Ravi Kumar, the Deputy General manager at a press meet had stated the nationwide launch of the new scheme was to mark the 70th year of the bank. In regards to the premium, the media was informed that the premium between the years of 18 to 35 comes up to Rs.386 yearly. Between 36 to 50, the annual premium would be around Rs.766 and Rs.1,66 yearly between 51 to 55.
In an information which was provided to The Hindu by Mr. Ravi Kumar in regards to the business details, stated that in the Krishna district, the overall turnover of the bank was Rs.7, 346 crores. Out of this, Rs.3, 538 crores was from advances accounting and Rs.3, 808 crores was from deposits.