By: Vinod Chandrashekhar Dixit
Bank of India (BOI) has recently entered into a tie-up arrangement with Bajaj Allianz General insurance Company (BAGIC) for the welfare of BOI staff employees and their family members with introduction of BAGIC’s Wellness Rider with OPD Benefit cover and Personal Accidental Death cover and Super Top up Policy under Flexi Health Protect Plan (Group) services to BOI staff employees. It is a matter of great privilege that Bajaj Allianz is associated with Bank of India (BOI) the most trust branded banks in the country. BOI has always worked towards fulfillment of its philosophy of serving the citizens of the nation and by providing elaborate insurance product lines to Bank’s customers by entering into the new Corporate Agency tie-ups.
We all are aware that Health Insurance is a way to ensure one and his family to get the best medical care without worrying about the cost. Insurance is a financial safety net, helping you and your loved ones recover after something bad happens. The world we live in is full of uncertainties and risks. The financial loss to the family due to the unfortunate death of the sole earner can be covered by insurance plans.There are many who think that insurance is an unnecessary expense. The only reason is that we feel confident about our future and our ability to tackle unseen circumstances. But there is a huge difference between our perceived ability and reality. Our few years of savings can vanish in case of a medical emergency. No matter how much we have managed to save or whatever our monthly income is, an unexpected event can burn a huge hole in our pocket or can simply jeopardize your family’s financial future.
Bank of India (BOI)was founded on 7th September, 1906 by a group of eminent businessmen from Mumbai. The bank was under private ownership and control till July 1969 when it was nationalized along with 13 other Banks. Beginning with one office in Mumbai, with a paid up capital of Rs.50 lakh and 50 employees, the Bank has made a rapid growth over the years and blossomed into a mighty institution with a strong national presence and sizeable international operations.
Bajaj Allianz General Insurance is India’s leading private general insurance company. The Company began its operations in 2001 and has been constantly expanding its operations to be close to their customers. Today, it has a pan-India presence in close to 1500 towns and cities. Bajaj Allianz Life Insurance has developed insurance solutions that cater to every segment and age income profiles.
Last year Bajaj Allianz General Insurance and Bank of India have entered into a corporate agency agreement.A bouquet of personal lines of products such as motor, health, home and travel insurance as well as commercial line of products, including engineering and marine insurance, are to be offered to customers of the bank as part of the agreement. The aim is to provide Bank of India’s customers various insurance solutions and enhanced customer experience by leveraging technology.
There is no doubt that the tie-up arrangement with Bajaj Allianz Insurance Company will provide extra entitlement over and above the normal entitlement of the BOI staff at one place with 360 degree coverage.