ICICI Prudential

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.

(Product details in pdf)

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

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 :

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 :

 

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.

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