Insurance
Insurance is an investment tool that safeguards your family against medical, material and financial calamities.
With Utkarsh Small Finance Bank's third party insurance, ensure yours and your loved ones’ protection with a financial cover that best suits your requirement.
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Traditional Plan -
Traditional insurance Plans provide multiple benefits like cover, fixed income return,
safety and tax benefits.
Term Plan -
Term Insurance is 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.
Commission Disclosure:
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 and HDFC Life insurance co. ltd and Bharti AXA Life 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 |
| Retail (Protection,Saving & Investrment) | 2% | 60% | 0% | 7.50% |
| Group Product | 5% | 15% | 5% | 15% |
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.
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 -
Personal Accident Insurance is a policy that cover a person against any accidental
injury or death.
Home Insurance -
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.
Commision Disclosure:
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, Future Generali India Insurance Co. ltd. and Zurich Kotak General Insurance Company (India) Limited On the sale of General insurance products in its capacity as corporate agent under the corporate agency arrangement in line with IRDAI
| Commission from General/Health Insurance | ||||
|---|---|---|---|---|
| First Year Commission | 2nd Year renewal commission | |||
| Category | Minimum | Maximum | Minimum | Maximum |
| Motor /Health | 2.5% | 30% | 0% | 20% |
| Group Product | 25% | 25% | 25% | 25% |
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.
Individual Health Insurance -
An Individual Health Insurance plan as the name suggest is meant for a single person.
The individual who gets himself/herself insured with this plan is compensated for the
expenses incurred due to illness. Such a medical insurance plan covers the
hospitalisation cost, surgery cost, pre and post hospitalization expenditures up till
the insured limit.
Family Health Insurance -
Popularly known as the Family Floater Plan, Family Health Insurance Policy secures your
entire family under a single cover. It covers all the members of your family including
your spouse, kids, and elders. Only one member of the family has to pay the premium,
and the entire family gets insured in that premium.
Critical Illness Insurance -
The Critical Illness Insurance plan insures the person by offering a lump sum amount of
money for life-threatening diseases. At the time of buying the insurance, the chosen
health problems are included, and if the insurer gets affected by any of the
pre-selected conditions, he /she can claim the insurance. Only the diagnosis of the
disease can make one avail the benefits of the critical illness insurance.
Aditya Birla Health Insurance Co. Ltd.
Utkarsh Small Finance Bank Ltd. has entered into a corporate agency agreement with Aditya Birla Health Insurance Co. Ltd. Utkarsh Bank has entered into this arrangement to distribute Health Insurance solutions to its customers.
Aditya Birla Health Insurance Co. Limited (ABHICL), a part of Aditya Birla Capital Ltd. (ABCL), is a joint venture between Aditya Birla Group and MMI Holdings of South Africa. ABHICL was incorporated in 2015 wherein Aditya Birla Capital Limited (ABCL) and Momentum Metropolitan Strategic Investments (Pty) Limited hold 51% and 49% shares respectively. ABHICL commenced its operations in October 2016 and is engaged in the business of health insurance. Company's current product portfolio includes unique offerings including chronic care and incentivized wellness, having its registered office at 9th Floor, One World Centre, Tower-1, Jupiter Mill Compound, Senapati Bapat Marg, Elphinstone Road, Mumbai 400013.
Disclaimer
Insurance is the subject matter of Solicitation. For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale. Utkarsh Small finance Bank Limited is authorized by the Insurance Regulatory and Development Authority to act as a Corporate Agent from 07-04-2023 to 06-04-2026 for procuring or soliciting insurance business of Aditya Birla Health Insurance Co. Limited under Registration Code "CA0482."
We herewith inform you all that purchase of any insurance policy/product from the Bank is purely voluntary & subject to satisfying the eligibility conditions and such purchase is not linked to grant/sanction/allurement of any other facility from the Bank.
Commision Disclosure:
As per RBI circular : RBI/2009-10/225 dated November 16, 2009, following are the commission details, which Utkarsh Small Finance Bank earn from Aditya Birla Health Insurance co. ltd. On the sale of health insurance products in its capacity as corporate agent under the corporate agency arrangement in line with IRDAI :
| Commission from Health Insurance | ||||
|---|---|---|---|---|
| Fresh Commission | Renewal commission | |||
| Health Insurance | 25% | 15% | ||
| Group Product | 25% | 25% | ||
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.
Apply to Insurance & Investments
Loan calculator
|
Interest Rate 8.00% |
Interest Earned 3,50,452 |
|
Maturity Value 13,50,452 |
Maturity Date 20 Apr 2023 |
|
(Indicative interest rates for calculation only. click here for latest rates.) |
|
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