BANC ASSURANCE

To Bring all yours financial requirements under one roof and  to cater to your  insurance and investment needs we have a  number of  insurance solutions on offer  in both  life and non-life space. To increase your choice of products we bring you a bouquet of insurance products,  under the Corporate Agency mode with life and non-life insurers.

LIFE INSURANCE PRODUCTS:

PERSONAL INSURANCE:

• Walk in to any of our branches  for your personal insurance requirements .

• We have a platter of personal Insurance products from LIC of India on offer to meet your needs.

GROUP  INSURANCE:

•      We also Offer Insurance linked products from our Bank with group insurance cover provided by LIC of India. Some of our group life products are as follows:

•      Life cover of Rs.1 Lac (Accidental Death -Rs.2 Lacs) to our account holders under IOB-Jeevan. 

•      Life cover for our home loan borrowers under Liability Insurance Scheme.

•      Life Cover for Students availing Educational Loans and also for their parents under Vidya Jyothi with Suraksha.

•      Life Cover for students studying in Colleges under Vidya Suraksha

   NON - LIFE INSURANCE PRODUCTS:

      Bank has entered into Corporate Agency arrangement with United India Insurance Company Ltd for distributing various non-life polices.

•      All general Insurance requirements for covering assets financed by our Bank as well as other assets cane be met through our branches by arrangement with United India Insurance Company Ltd. Any general insurance requirement of customers and others can be met by our branches.   

•       Bank also offers non-life insurance linked products to our customers. Some of our group products in the non life space are :  

•      Group Health Insurance Policy at very competitive premium as compared to standalone health policies, to our account holders- IOB HealthCare Plus. 

•      Health Cover for students studying in Colleges under Vidya Suraksha.  

•      Accident, Baggage and Health Cover for NRI Customers during their visit to India  NRI-Shield.    

MUTUAL FUND SCHEMES

      Bank is distributing mutual fund schemes of top performing Mutual Funds to cater to the investment  needs of customers and others as Corporate Distributor. We distribute all the New Fund Offers of the Mutual Funds and also facilitate investment in the ongoing schemes. Investments in mutual fund schemes of the following Mutual Funds can be routed through our  branches:

      ARN Code of Indian Overseas Bank : ARN 28003  

S.No	Name of the Mutual Fund	Download Application