With a view to provide “one stop banking” to the valued customers, Central Bank of India has undertaken selling and distribution of Life Insurance and General Insurance Products of most trusted Insurers through its branches. The Bank has tie-up with Life Insurance Corporation of India and TATA AIA Life Insurance Company Ltd. to undertake Life Insurance Business, The New India Assurance Company Ltd. and Bajaj Allianz General Insurance Company Ltd. to undertake Non-Life Insurance Business as Corporate Agent on fee basis without any risk participation.
Bank has trained a good number of its officers who have been authorized by IRDA to act as Specified Persons for selling insurance products.
Investment in Financial Products are prone to additional risks. Customers are advised to carefully review the terms and conditions of the products before investing in any insurance policy. Customers can also review the policy terms within free look period and opt out of the policy if not satisfied with any of the terms and condition of the policy.
Some of the most popular plan/products are as under:
Life Insurance Corporation of India
- Unit Linked Plan
- Whole Life Plan
- Children’s Plan
- Money back Plan
- Endowment
- Pension
- Health Insurance
- Group Insurance plan
- Jeevan Plus
- Bima bachat
TATA AIA Life Insurance Co. Ltd.
- Protection Solutions
- Savings Solutions
- Retirement Solutions
The New India Assurance Co. Ltd.
- Property Insurance
- Motor Insurance
- Health Insurance (Group & Individual)
- Personal Insurance
- Fire Insurance
- Burglary Insurance
- Engineering Insurance
- Package Insurance
- Travel Insurance
Bajaj Allianz General Insurance Co. Ltd.
- Property Insurance
- Motor Insurance (available on internet banking platform)
- Health Insurance (Group & Individual)
- Personal Insurance
- Fire Insurance
- Burglary Insurance
- Engineering Insurance
- Package Insurance
- Travel Insurance
These Products are sold through all our branches throughout the country besides other products of respective Insurance Companies.
Customer may choose any of the Insurance products both Life and Non-Life as above, for any specific insurance products not listed above. For further details please contact the Branch Manager of our nearby Branch.