Monday, May 9, 2016

Bank of Baroda enters into an MoU with M/s Max Bupa Health Insurance Co. Ltd and M/s Star Health & Allied Insurance Co. Ltd

                                                                                        BD21448_ स्थान/Place: Mumbai                                                           तारीख/ Date: 07.05.2016

Bank of Baroda has been pioneer in having multi tie-up arrangement in insurance sector after open architecture Regulation for Corporate Agency (Composite) under new IRDAI Registration of Corporate Agents Regulation 2015 with effect from 01.04.2016.

Bank of Baroda, one of the leading Public sector Bank with International standard has entered into tie-up arrangement with two Standalone Health Insurance Companies; Max Bupa Health Insurance Company Ltd and Star Health and Allied Insurance Company Limited on 7th May 2016.
Executive Director of Bank of Baroda Mr.  Mayak K Mehta exchanged Corporate Arrangement Agreement with Mr Ashish Mehrotra (Managing Director & CEO) Max Bupa Health Insurance Company Ltd and Mr V Jagannathan (Chairman cum Managing Director) Star Health and Allied Insurance Company Limited separately on 07th May 2016.
On this occasion Mr. Mehta said “The products will be offered in the form of Retail Insurance, Group Health Insurance to Bank customers. Bank and the insurances companies, both  being strong player in technology and products, this relationship will manifest into win- win situation for all customers , Bank and Companies.”
The Bank has always endeavoured to provide bouquet of financial product to all their customer under one roof to serve it’s 6 crores plus customer base. Bank will provide customised health insurance product after assessing the need of the customer.

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