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Bancassurance

With a view to provide “one stop banking” to the valued customers, Central Bank of India has undertaken selling and distribution of Life Insurance Products and General Insurance products of most trusted insurers through its branches. The Bank has tied-up with Life Insurance Corporation of India to undertake life insurance business and Chola MS General Insurance Co.Ltd. to undertake non-life insurance as corporate agent of both the insurance companies 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.

LIC has a policy for every age, a scheme for every family, a plan for every need.Be it risk cover, provision for child's education, marriage, health care or pension, LIC has 40 plans to suit every need.

Some of the most popular plans/products are as under:

  • Unit linked plan
  • Whole life plan
  • Children's plan
  • Money back plan
  • Endowment
  • Pension
  • Health Insurance
  • Group Insurance plan
  • Jeevan Plus
  • Bima bachat.
Chola MS General Insurance Co.Ltd.(General Insurance) products.

Some of the products are as under:

  • Fire Insurance
  • Burglary Insurance
  • Engineering Insurance
  • Motor Insurance
  • Rural Insurance
  • Overseas Mediclaim Insurance
  • Package Insurance
  • Travel Insurance plan
  • Liability Insurance
  • Group personal Insurance
  • Group Insurance
  • Individual Mediclaim
These products are sold through all our branches throughout the country besides other products of LIC of India and Chola MS General Insurance Co.Ltd

Customers may bank on us for their insurance needs too.

For further details please contact the Branch Manager of our nearby Branch.

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