Non Life Insurance
CORPORATE AGENT WITH UNITED INDIA INSURANCE COMPANY LTD.
Assets held as security to the Bank finance are to be adequately covered under Insurance. For example, livestock, Vehicles, machineries, building and Stock in trade, etc.
Our Bank has entered into an MOU with M/s United India Insurance Company Ltd., for undertaking non-life insurance business as Corporate Agent.
Under this arrangement, insurance business can be mobilized not only from existing loanees but also from non-loanees and non-customers.
In the event of any claim arising in the insured cases, the insured (customer) will have to contact our branch who in turn would contact the Branch Office of the company with the details of the policy. Branches would provide prior intimation to the company over phone regarding the claim of the insurer. The company would initiate the necessary steps to settle the claim thereby making the process a hassle-free one.