Non-Life Insurance Non-life insurance policy or General Insurance, including automobile and home owners policies, provide payments depending on the loss from a particular financial event. General insurance is typically defined as any insurance that is not determined to be life insurance.
Insurance Business To provide our customers wide range of financial and bancassurance services, our Bank has entered into Corporate Agency Tie Ups with Life, Non-Life and Health Insurance Companies to help with the insurance penetration in the rural customer base of the Bank which will provide financial support and reduce uncertainties that individuals and businesses face at every step of their lifecycles. This will help provide an ideal risk mitigation mechanism against events that can potentially cause financial distress to individuals and businesses and it also provides support to the families during medical emergencies. Non-Life Insurance Companies Bajaj General Insurance Ltd. SBI General Insurance Co. Ltd. The New Inida Assurance Co. Ltd. IFFCO Tokio General Insurance Co. Ltd. Agriculture Insurance Co. of India Ltd. Under General Insurance i.e. Non life, bank shall solicit and procure retail lines of general insurance products and commercial lines of Insurance products having a total sum insured not more than Rs. five Crore per risk for all insurances combined
