Haris Ashley
Bank of Baroda offers a range of insurance plans to secure your life, health, and other important assets. The bank is authorized by the Insurance Regulatory and Development Authority to act as a Corporate Agent for Life Insurance, General Insurance, and Standalone Health Insurance. Bank of Baroda offers various personal banking cards, including Credit, Debit, Prepaid, Business, and Travel Cards. The bank also provides different types of accounts, such as savings accounts, current accounts, and deposit plans, to meet diverse financial goals and secure the future of its customers. In addition, Bank of Baroda offers loans, including personal loans, home loans, car loans, and education loans, to help customers finance their dreams and goals. The insurance plans offered by Bank of Baroda include Personal Accident Insurance, House Holders Insurance Policy, and Accident Care Individual Insurance Policy.
| Characteristics | Values |
|---|---|
| Insurance Type | Life, Health, General, Personal Accident, Home, Car, Travel, Education, Student, Accident Care Individual |
| Features | Different plans and sum insured options, worldwide coverage, 24/7 availability, savings accounts, current accounts, low-interest personal loans, instant approval, minimal documentation, easy EMI options, high sum insured policies, coverage for death and disability |
| Eligibility | NRIs/PIOs, homeowners, tenants, housing societies, students |
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What You'll Learn
Personal accident insurance
Bank of Baroda offers a range of insurance plans to secure your life, health and assets. One such insurance product is the Personal Accident Insurance policy.
The personal accident insurance policy covers medical expenses arising out of an accident up to 10% of the Capital Sum Insured or 40% of the admissible claim, whichever is lower. An additional premium of 20% of the basic premium is required for this. Different plans and products under the personal accident insurance coverage offer a range of Sum Insured options from Rs. 1 Lakh to 30 Lakhs, allowing individuals to choose the coverage amount that suits their needs and preferences.
Bank of Baroda also offers an Accident Care Individual Insurance Policy, which provides financial protection against unforeseen accidents. This policy is underwritten by Star Health and Allied Insurance Co Ltd.
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Householders insurance
Bank of Baroda offers a range of insurance plans to secure your life, health, and other important assets. One such insurance product is the Householders Insurance Policy. This policy is a comprehensive bundled policy designed to protect homeowners, tenants of flats, housing societies, apartments, bungalows, and row houses in rural, semi-urban, and urban (including metro) cities.
The Householders Insurance Policy covers financial losses resulting from damage to the property by fire and other specified perils. It is essential to note that the sum insured on the Householder Insurance cover should be 100% of the Value at Risk (VAR). This means that if you have a house worth INR 1,00,00,000 and you only have insurance coverage for INR 50,00,000, you are underinsured. In the event of a total loss, the insurance company will only pay out the proportion of the loss that your insurance covers. In this case, if your house is completely destroyed by fire, the insurance company will only pay INR 50,00,000, leaving you with a significant financial burden to rebuild.
The Householders Insurance Policy can be particularly useful for those who have taken out a home loan with Bank of Baroda. The bank offers home loans with low-interest rates and instant approval with minimal documentation. In some cases, collateral for home loans can be accepted in the form of insurance policies, making the Householders Insurance Policy a viable option to secure your loan.
It is important to carefully consider the terms and conditions of the Householders Insurance Policy before purchasing it. The insurance products are underwritten by the respective insurance company, and Bank of Baroda does not perform any insurance e-commerce activity on its website. Therefore, it is crucial to understand the coverage, exclusions, and limitations of the policy to ensure it meets your specific needs and provides adequate protection for your home and belongings.
To summarize, the Householders Insurance Policy offered by Bank of Baroda can provide valuable protection for your home and belongings in the event of unforeseen circumstances. By understanding the features and limitations of the policy and ensuring adequate coverage, you can have peace of mind knowing that you are financially protected against potential losses.
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Car insurance
Bank of Baroda offers a range of insurance plans to secure your life, health and assets. Motor Insurance Contracts are subject to the basic principles applicable to property and liability insurance. The owner of the vehicle must be a registered owner of the vehicle and stands to benefit from the safety of the vehicle, right, interest or freedom from liability. Bank of Baroda's General Insurance will cover your motor insurance, as well as travel and property safety.
The bank also offers auto loans at attractive interest rates and easy EMI options. You can get up to 90% financing on the on-road price of your dream car. The bank's website has more information on eligibility, interest rates and documentation.
Bank of Baroda also offers a range of personal banking cards, such as Credit, Debit, Prepaid, Business and Travel Cards. The bank has a card suited to everyone's needs.
In addition, the bank offers a Monthly Income Plan, a fixed deposit plan that pays monthly interest to give you a fixed income every month to meet your expenses.
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Travel insurance
Bank of Baroda offers a range of insurance plans to secure your life, health, and other important assets. Travel Guard by TATA AIG is an international travel insurance policy offered by Bank of Baroda. There is no age limit for purchasing Travel Guard Insurance. The policy covers various travel emergencies faced abroad, including 24/7 global protection, lost baggage, and emergency medical care.
Bank of Baroda is authorized by the Insurance Regulatory and Development Authority to act as a Corporate Agent from 01/04/2022 to 31/03/2025 for procuring or soliciting business of Life insurance, General insurance, and Standalone Health insurance under Registration Code CA0004. The purchase of Insurance products by Bank of Baroda customers is purely on a voluntary basis. The insurance products are underwritten by the respective insurance company. Bank of Baroda does not perform any insurance e-commerce activity on its website. The contract of insurance is between the insurer and the insured; the Bank is not a party to this contract.
By clicking on the Travel Guard by TATA AIG link on the Bank of Baroda website, you will be redirected to the website/microsite operated by the Insurance tie-up partner. This link is provided for customer convenience, and Bank of Baroda does not own or control the content of this website. The use of the Insurance tie-up partner's website is subject to their terms of use and other terms and guidelines.
Bank of Baroda also offers various types of personal banking cards, including Credit, Debit, Prepaid, Business, and Travel Cards. These cards are tailored to meet your unique financial goals and secure your future. With a Bank of Baroda personal loan, you can benefit from low-interest rates, instant approval, and minimal documentation.
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Health insurance
Bank of Baroda offers a range of insurance plans to secure your health and other important assets. The health insurance products offered by Bank of Baroda include the following:
National Mediclaim Policy (Individual Plan)
This is a high sum insured policy that covers in-patient treatment expenses (minimum 24-hour hospitalisation) and 140+ day care procedures on a cashless or reimbursement basis. The expenses incurred should be reasonable, customary, and medically necessary. The sum insured ranges from Rs. 1,00,000/- to Rs. 10, 00,000/-.
Arogya Sanjeevani Policy - National
This is a standard indemnity health insurance product with a sum insured of up to 5 lakhs available in both individual and floater types. It covers in-patient treatment expenses (minimum 24-hour hospitalisation) and 140+ day care procedures on a cashless or reimbursement basis during the policy period, with many additional benefits as per the plan opted.
CholaMS Group Health Insurance
CholaMS group health insurance covers your family of up to seven members at an affordable price. All mothers can get their maternity expenses covered. This policy has a term of one year from the commencement date, and there are multiple sum insured options to choose from. Dependents such as a spouse, children (between 3 months to 26 years), and parents can be included in the policy. It is necessary to include dependents at the time of proposing the policy, as mid-term inclusion is not allowed except for newborn babies or newly married individuals. Eligibility for coverage extends to adults aged 18 to 70 years and children aged 3 months to 26 years.
Super Surplus Insurance
This insurance plan, brought by Star Health, offers much larger coverage than the basic plans. No pre-acceptance medical screening is required for this plan.
Bank of Baroda also offers various types of personal banking cards, such as Credit, Debit, Prepaid, Business, and Travel Cards, which may provide additional benefits related to health insurance.
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Frequently asked questions
Bank of Baroda General Insurance.
Personal Accident Insurance.
House Holders Insurance Policy.
