WebPradhan Mantri Jeevan Jyoti Bima Yojana is a Govt. Sponsored Life Insurance Scheme. The scheme is a one year cover Term Life Insurance Scheme, renewable from year to year, offering life insurance cover for death due to any reason. The scheme is offered/administered by Bank of Baroda through M/s India First Life Insurance Company. WebThe founder of Bank of Baroda. The bank was founded by the Maharaja of Baroda, Maharaja Sayajirao Gaekwad III on. 20 July 1908. The bank, along with 13 other major commercial banks of India, was. nationalised on 19 July 1969, by the Government of India and has been designated as a. profit-making public sector undertaking (PSU).
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