IOB launches health care plus insurance policy

Indian Overseas Bank (IOB) in association with Universal Sompo General Insurance Co Ltd. has launched an upgraded health care plus insurance policy

It is a co- branded insurance scheme exclusively designed for IOB customers with a sum insured starting from ₹50,000 and going up to ₹15 lakh.

The policy issuance will be made on a real-time basis at the IOB branches to its customers. Self, spouse, dependent children, dependent parents can be covered under the policy, said the bank in a statement.

The health care plus policy 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, managing director & CEO, Indian Overseas Bank in the presence of O.N. Singh, chairman, Universal Sompo General Insurance Co. Ltd.

“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,” Mr. Karnam Sekar said.