Life Insurance Life insurance is a contract between an insurance policy holder and an insurer or assurer, where the insurer promises to pay a designated beneficiary a sum of money upon the death of an insured person (often the policyholder). Depending on the contract, other events such as terminal illness or critical illness can also trigger payment. The policyholder typically pays a premium, either regularly or as one lump sum. The benefits may include other expenses, such as funeral expenses.
Insurance Business To provide our customers wide range of financial and bancassurance services, our Bank has entered into Corporate Agency Tie Ups with Life, Non-Life and Health Insurance Companies to help with the insurance penetration in the rural customer base of the Bank which will provide financial support and reduce uncertainties that individuals and businesses face at every step of their lifecycles. This will help provide an ideal risk mitigation mechanism against events that can potentially cause financial distress to individuals and businesses and it also provides support to the families during medical emergencies. Our Tie-up CompaniesLife Insurance Companies Kotak Mahindra Life Insurance Company Limited HDFC Life Insurance Company Limited ICICI Prudential Life Insurance Company Limited
