Bank of Baroda has entered in MoUs with Max Bupa Health Insurance and the Star Health and Allied Insurance. 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 1 April 2016, the bank said in a press release. BoB ED Mayak K Mehta exchanged corporate arrangement agreement seperatley with Max Bupa Health Insurance MD and CEO Ashish Mehrotra and the Star Health and Allied Insurance chairman and MD V Jagannathan. BoB said the bank has always endeavoured to provide bouquet of financial product to all their customers under one roof to serve it’s six crores plus customer base. The bank will provide customised health insurance product after assessing the need of the customer, it said. Mayak K Mehta said the bank and the insurances companies, being strong players in technology and products, the relationship will manifest into win- win situation for customers, bank and companies. The products will be offered in the form of retail insurance, group health insurance to customers, he said.
