Insurance & Investments

Ensure you and your loved ones’ protection with the financial cover that best suits you.

Traditional Plan -

Traditional insurance Plans provide multiple benefits like cover, fixed income return, safety and tax benefits.


Term Plan -

Term Insurance a type of life insurance, it provides coverage for a certain period of time or years, and if the insured dies over the policy tenure a death benefit is payable to nominee.


Unit Linked Insurance Policy (ULIP) -

A Unit Linked Insurance Plan is a product offered by insurance companies that, unlike a pure insurance policy, gives Investors both insurance and investment under a single integrated plan.


Motor Insurance -

As per Motor Vehicles Act, 1988 it is mandatory for every owner of a vehicle plying on public roads, to take an insurance policy, to cover the amount, which the owner become legally liable to pay as damages to third parties as a result of accidental death, bodily injury or damage to property.


Health Insurance -

Health policy is a policy that ensures that you get cashless treatment or expense reimbursement, in case you fall ill. It is contract between a General Insurance company and one, which considers expenses incurred when availing treatment.


Personal Accident Insurance -

Accidental Insurance is a policy that cover a person against any accidental injury or death.


Home Insuran -

Home Insurance policy provides cover for your home and belongings, it which includes: cover for fire & allied perils and Burglary includes theft and larceny under one policy. Covers Structure & household contents.


Fire Insurance -

insurance taken out to cover the cost of damage caused by fire and Natural perils.


HDFC ERGO General Insurance

Utkarsh Small Finance Bank Ltd has entered into a corporate agency agreement with HDFC ERGO general insurance Co. ltd. HDFC ERGO General Insurance Company Ltd. is a 51:49 joint venture between HDFC Ltd., India’s premier Housing Finance Institution and ERGO International AG, the primary insurance entity of Munich Re Group.

Insurance is the subject matter of the solicitation. For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale. The purchase of a HDFC ERGO General Insurance Company Limited product by Utkarsh Small Finance Bank Limited customers is purely on a voluntary basis. For clarifications, customers can call on 1800 2 700 700. Utkarsh Small finance Bank Limited is a Licensed Corporate Agent (Under IRDA registration number CA0482) of HDFC ERGO General Insurance Company Limited (IRDA of India Regn. No. 146). The insurance products are underwritten by HDFC ERGO General Insurance Company Limited (‘HDFC ERGO), having its registered office at HDFC House, Backbay Reclamation, H. T. Parekh Marg, Churchgate, Mumbai - 400020. Email: care@hdfcergo.com | www.hdfcergo.com |IRDA of India Registration No.: 108 CIN No: U66010MH2002PLC134869. This information is given by Utkarsh Small finance Bank Limited (‘Utkarsh Bank) whose registered office is at: S-24/1-2, 2nd Floor, Mahavir Nagar, Orderly Bazaar, Varanasi, Uttar Pradesh, PIN -221002.

Ensure that your future needs and long-term aspirations are fulfilled. Start today by investing your surplus in a plan that best suits your goals.

Mutual Funds :

It’s an investment programme funded by shareholders and is professionally managed and traded in diversified holdings, thus minimising the market risk.

Equity Schemes :

These primarily invest in shares. Based on the objective, investments could be in growth stocks, where earnings growth is expected to be high or value stocks. Here the view of the fund manager is that current valuations in the markets do not reflect the intrinsic value.

Debt or Income Scheme :

This scheme generally invests funds in fixed-income securities, mainly in government securities and corporate bonds, with various maturities. The investor earns returns from interest income on its investments and profits on trading securities. These funds are comparatively less risky.

Balanced Schemes :

Balanced schemes invest in a mix of equity and debt. The debt investments ensure a basic interest income, which the fund manager hopes to top with a capital gain from the investment in equities. However loses can eat into basic interest income and capital.

Monthly Income Plans :

MIPs aim to provide consistency in returns by investing a major part of the portfolio in debt market instruments with a small investment in equities. Thus, these funds are more suited for investors who along with protection of capital seek some capital appreciation. However, the monthly income is not assured.

Equity Linked Saving Scheme :

ELSS is an open-ended equity growth scheme that is offered by Mutual Funds in line with existing ELSS guidelines. The investments are subject to a lock-in period of 3 years and, as per the Finance Act 2005, are allowed the benefit of income deduction up to Rs. 1,50,000. This scheme offers the benefits of tax saving and capital gains. Instead of spreading your investments across different instruments such as PPF, ELSS, NSC and infrastructure bonds, you can now invest the entire limit of Rs. 1,50,000 available under Sec 80(C) in ELSS.

Systematic Investment Plan :

An SIP is a convenient way to accumulate wealth in a disciplined manner for a long-term. It helps you to invest regularly in small Installments and thereby build wealth over a period of time. This plan is best for young people looking for investment plans.