ICICI Prudential Life Insurance Co. Ltd. :
Our bank has Corporate Agency tie-up arrangement with M/s ICICI Prudential Life Insurance Co. Ltd. (IRDAI Registration No.105) for selling of Life Insurance products. Various life insurance products are offered to meet the diverse needs of our customers, like Traditional Endowment, Money Back policies, Term plans, Pension and Annuity plans, Protection plans, ULIP, Group Credit Life plans, etc.
Uco Bank offers the following Life insurance plans under corporate tie up arrangement with ICICI Prudential insurance co ltd as per the needs/goals of the customer.
Protection plan
ICICI Pru iProtect Smart
ICICI Pru iProtect Smart Return of Premium
Regular Income
Guaranteed Income for Tomorrow (Long-term)
ICICI Pru Guaranteed Income for Tomorrow
ICICI Pru GIFT Pro
ASSURED SAVING Insurance Plan
ICICI Pru GOLD
Savings Suraksha
ICICI Pru Guaranteed Pension Plan Immediate Annuity
ICICI Pru Guaranteed Pension Plan Deferred Annuity
ICICI Pru Guaranteed Pension Plan Flexi
Saral pension
Gold Pension Savings
Wealth Creation
FUTURE PERFECT
ICICI Pru Sukh Samruddhi
For more information on benefits and features of the plan, click on the following links.
For Further Information on Products, features and Terms & conditions, you may visit our nearest Bank branch.
Bancassurance
Bancassurance in simple terms means marketing of insurance products under the same roof of a Bank branch. It thus facilitates a customer to carry out all his financial and investment needs with just a visit to his bank branch.
UCO Bank, apart from its Core Banking activities, has entered into the Bancassurance Business with the object of offering a variety of services and products to its customers at affordable price.
Participation of the Bank's customers shall be purely on a voluntary basis.
It is however explicitly made clear that UCO Bank as Corporate Agent does not underwrite the insurance risk or act as an insurer as per IRDAI (Licensing of Corporate Agents) Regulations 2002. In brief contract of Insurance is between the Insurer and Insured and not between the Bank and the Insured.
Uco Bank as Corporate Agent
UCO Bank as Corporate Agent for selling Insurance Products
In Bancassurance – Life Business, the Bank is currently Corporate Agent for three Life Insurance Companies
- LIC of India for details click here. www.licindia.in.
- SBI Life Insurance Co. Limited for details click here www.sbilife.co.in
- ICICI prudential Life Insurance Co. Limited for details click here https://www.iciciprulife.com/
In Bancassurance - Non-life Business, the Bank is a Corporate for three General Insurance Companies under Corporate Agency tie-up arrangement and selling Insurance Products for these three Insurance Companies. These Companies are as mentioned below :
- Future Generali India Insurance Co. Limited for details click here. https://general.futuregenerali.in
- The Oriental Insurance Co. Limited click here https://orientalinsurance.org.in
- SBI General Insurance Co. Ltd for details click here https://www.sbigeneral.in/
In Bancassurance - Non-life Business, the Bank is a Corporate for three health Insurance Companies under Corporate Agency tie-up arrangement and selling Insurance Products for these three Insurance Companies. These Companies are as mentioned below :
- Star Health & Allied Insurance Co. Limited for details click here www.starhealth.in
- Care Health Insurance Co. Limited for details click here www.careinsurance.com
- Aditya Birla Health Insurance Co. Ltd for details click here www.adityabirlacapital.com
General Information
- Branches of UCO Bank shall obtain the requisite documents at the time of filing the proposal form with the insurer; and other documents subsequently sought for by the insurer for the completion of the proposal and issuance of the cover note/policy.
- Branches of UCO Bank shall inform the customers/applicants of the policy, the prospect about the acceptance or rejection of the proposal by the insurer
- Branches of UCO Bank shall advise every individual policy holder to effect nomination / assignment and or change of address or exercise of options, as the case may be, and offer necessary assistance in this regard wherever sought for.
- Branches of UCO Bank shall offer necessary assistance/advisory services to all the existing and future policy holder/ claimants and/or beneficiary in complying with the various requirements for settlement of claim by the insurer and /or renewal of their policies before the expiry date.
- Bank has tied up with 3 General Insurance Companies and selling Health Care products for all the three companies.
- As insurance is a matter of solicitation, UCO Bank a matter of good banking practice shall ensure that no customer is forced to buy insurance products of its channel partners.