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Ensure you and your loved ones’ protection with the financial cover that best suits you.
"For more details visit our nearest branch".
Traditional insurance Plans provide multiple benefits like cover, fixed income return, safety and tax benefits.
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.
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.
As per RBI circular : RBI/2009-10/225 dated November 16, 2009, following are the commission details, which Utkarsh Small Finance Bank earn from ICICI Prudential life insurance co. ltd, HDFC Life insurance co. ltd, and Shriram insurance co. ltd. On the sale of life insurance products in its capacity as corporate agent under the corporate agency arrangement in line with IRDAI :
Commission from Life Insurance | ||||
---|---|---|---|---|
First Year Commission | 2nd Year renewal commission | |||
Category | Minimum | Maximum | Minimum | Maximum |
Protection | 2% | 40% | 0% | 7.50% |
Saving and Investment | 10% | 35% | 0% | 7.50% |
Group Product | 5% | 5% | 0% | 0% |
Note: The commission is varies depending upon the product in each category, tenure, premium paying term and premium amount.
BEWARE OF SPURIOUS/FRAUD PHONE CALLS
1. IRDAI not involved in activities like selling of insurance products, announcing bonus or investment of premium.
2. Public receiving such phone calls are requested to lodge a police complaint.
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 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.
Accidental Insurance is a policy that cover a person against any accidental injury or death.
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.
insurance taken out to cover the cost of damage caused by fire and Natural perils.
As per RBI circular : RBI/2009-10/225 dated November 16, 2009, following are the commission details, which Utkarsh Small Finance Bank earn from HDFC Ergo General insurance co. ltd On the sale of General insurance products in its capacity as corporate agent under the corporate agency arrangement in line with IRDAI :
General Insurance - Health Insurance - Reg 5 (c) | ||
---|---|---|
S.No. | Line of business (Other than Motor) | Maximum Remuneration payable to insurance intermediary |
1 | Health Insurance | 15% |
General Insurance ( Other than Motor ) - Reg 5 (d) | ||
The Maximum commission / remuneration as a percentage of premium is allowed for General Insuarance (Other than) Motor is as under : | ||
1 | Fire – Retail | 16.50% |
2 | Fire-commercial (Risks with S.I. < Rs 2,500 crs) | 11.50% |
3 | Fire-commercial (Risks with S.I. > Rs 2,500 crs) | 6.25% |
4 | Marine-Cargo | 16.50% |
5 | Marine-Hull | 11.50% |
6 | Miscellaneous – Retail | 16.50% | 7 | Miscellaneous – commercial/ Group | 12.50% | 8 | Miscellaneous – commercial (Engineering Risks with S.I. > Rs 2,500 crs) | 6.25% |
General Insurance ( Other than Motor ) - Reg 5 (e) | 1 | Motor ( Comprehensive )* | 15% | 2 | Motor ( Stand-alone TP ) | 2.50% | * - Commission/ remuneration shall be payable only to the OD portion of the Motor Comprehensive) policy. | 3 | 2 Wheelers | 17.50% |
Note: The commission is varies depending upon the product in each category, tenure, premium paying term and premium amount.
BEWARE OF SPURIOUS/FRAUD PHONE CALLS
1. IRDAI not involved in activities like selling of insurance products, announcing bonus or investment of premium.
2. Public receiving such phone calls are requested to lodge a police complaint.
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.
"For more details visit our nearest branch"
In accordance with the extant regulations (SEBI circular: SEBI/IMD/CIR No. 4/ 168230/09 and (RBI circular : RBI/2009-10/225 dated November 16, 2009) following are the details of the comparative commission earned by the Bank from various fund-houses, whose products are being distributed
Brokerage from Mutual Fund | ||
---|---|---|
Category | Minimum Brokerage | Maximum Brokerage |
Equity Funds | 0.60% | 4.20% |
Hybrid Funds | 0.40% | 4.30% |
Debt Funds | 0.02% | 3.00% |
Other Funds | 0.05% | 3.00% |
Note: The brokerage is varies depending upon the fund and fund-houses, whose products are being distributed.
The above mentioned rates are subject to change without any prior consent and at a discretion and agreement between Utkarsh Small Finance Bank and the respective AMCs.