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Stand Alone Health Insurance

Under the IRDAI (REGISTRATION OF CORPORATE AGENTS) REGULATIONS, 2015, every corporate agent can tie up with maximum three Stand Alone Health Insurance companies. In purview of the extent regulations, Bank of Baroda has entered into corporate agency agreement with two leading Stand Alone Health Insurance companies (Max Bupa Health Insurance Co Ltd & Star Health and Allied Insurance Co Ltd) on 7th May, 2016 for distribution of health insurance products.

A wide range of health insurance products are available for our customers. As per IRDAI Annual Report 2014-15, the health insurance constitutes 27.8 % of the total non – life insurance market in India.

With increasing awareness about the health insurance, purchasing power, health concerns, rising medical costs and other factors, demand for health insurance products is on a rise.

Health Insurance products cover medical expenses and other related expenses as per the product offered by the health insurance company.

 
 
Bank’s Tie-up partners
 
Star Health & Allied Insurance Company Limited www.starhealth.in
Max Bupa Health Insurance Company Limited www.maxbupa.com

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