Life Insurance

Bank presently has corporate agency tie-up with 3 Life Insurance companies with the underlying objectives of:

1. Customers will have wider choice of products under one roof of the Bank.

2. Customers will get the advantage of competitive pricing for similar product features.

3. Healthy competition amongst Insurers will help in more customer focused approach and lead to better service to Bank’s customers.

Following are the channel partners for Life Insurance solicitation

Life Insurance Corporation of India (LIC of India), For more details about LIC of India Click here https://licindia.in/
SBI Life Insurance Company Limited (SBI Life), For more details about SBI Life click here https://www.sbilife.co.in/
Aditya Birla Sun Life Insurance (ABSLI), For more details about ABSLI click here https://lifeinsurance.adityabirlacapital.com/

Under Life Insurance Bank is offering an array of products e.g. Traditional Endowment and Money Back Policies; Term Plans; Single Premium Plan; Whole Life Plan; Whole Life with Endowment option; Child’s Education; Child’s Marriage; Pension and Annuity Plans; Key man policies; ULIPs in association with our corporate agency channel partners with assured post sale services.

For more information about the plans from our channel partners, contact your Home Branch/Nearest Branch.

In addition to the retail life insurance policies with Bank’s corporate agency channel partners, Bank is also offering Credit Life Insurance with Kotak Life Insurance, PNB Metlife Insurance and Aditya Birla Sun Life Insurance with the objective to protect the interest of the customer and the Bank from any untoward incident happening to the Borrower.

Bank presently have following tie up arrangements for credit life insurance coverage.

Disclaimer
. Insurance is the subject matter of the solicitation.
. Indian Bank is only a Corporate Agent under the license number CA0108 to Insurance companies and it does not underwrite the risk or act as an insurer in any case.
. The insurance policies are subject to the terms and conditions laid out by Insurance company.
. Customers are advised to Read the Proposal Form Completely for Full Description of the Terms and Conditions of Coverage and the Exclusions Relating Thereto before concluding a sale. Purchase of any insurance products by a Bank's customer is purely voluntary and is not linked to availment of any other facility from the bank.
. Purchasing insurance is a contractual agreement between the customer and the Insurance Company. Bank is acting as a corporate agent only and is not responsible for the underwriting, claims, or the terms and conditions of the insurance policies.