IOB launches Health Care Plus insurance policy

Indian Overseas Bank

The policy issuance has made on a real time basis at the IOB Bank branches to its customers through integration of technology of the two institutions.

Indian Overseas Bank launched an upgraded Health Care Plus Insurance Policy specifically to its customers through Universal Sompo General Insurance Co Ltd.

The Health care policy is a co-branded Insurance scheme exclusively designed by Universal Sompo General Insurance company to IOB Customers with a Sum Insured starting from Rs. 50,000 and going up to Rs. 15 Lakhs. The policy issuance has made on a real time basis at the IOB Bank branches to its customers through integration of technology of the two institutions.

Indian Overseas Bank Health Care Plus Policy (Revised), is a one of its kind family floater facility where the premium is charged as per the age of the proposer with no medical check-up up to the age of 50.

The product was launched by Karnam Sekar, MD & CEO of IOB in the presence of O N Singh, Chairman- Universal Sompo General Insurance Co Ltd. Top officials of the Bank and the Insurance company were present in the occasion.

Commenting on the launch of the product IOB Health Care Plus Policy, Karnam Sekar, MD & CEO of IOB stated that “We are extremely delighted to offer our products to our customers by harnessing technology tools to minimize the waiting period of issuing a policy to bank customers”.