Digital Insurance Platform
Digital Insurance Platform
Digitization in Insurance refers to the use of digital technology to enhance process, products and services to customers. Digital Insurance allows customers to avail policies instantaneously and also manage their insurance policies in terms of claims and online renewals without need for traditional manner.
Keeping customer’s preferences at the foremost, Bank introduced “IB Digital Insurance Platform” for availing insurance products with complete information including terms & conditions are readily available, convenience of anytime – anywhere and instant decision making / policy issuance as well as retrieval options availability.
Presently, General Insurance and Health Insurance products are made available through Digital Insurance Platform for customers through Bank Digital Channels such as Internet Banking and IndSMART. Further Digital Insurance Platform is available through Branch Channel also.
All our General and Health Insurance Partners i.e. M/s. Chola MS, M/S. Niva Bupa, M/s. UIIC, M/s. USGICL, are offering Insurance through Bank’s Digital Insurance Platform.
Currently the following products available in Digital Insurance Platform.
General Insurance Products
| S No | Insurer | Products |
| 1. | USGICL | Motor (Private Vehicle – 2W & 4W, PCV (Passenger Carrying Vehicle)
and GCV (Goods Carrying Vehicle) |
| BGR – Barath Griha Raksha (Residential Building Insurance) | ||
| BSUS/Fire Insurance/Shop Insurance – Bharat Shooksha Udyama
Suraksha (Building, content, stock insurance) (Commercial Purposes) |
||
| IB Rakshak – Group Accidental Insurance | ||
| 2. | Chola MS | Motor ( Private Vehicle – 2W & 4W only) |
| BGR – Barath Griha Raksha (Residential Building Insurance) | ||
| BSUS/Fire Insurance/Shop Insurance – Bharat Shooksha Udyama
Suraksha (Building, content, stock insurance) (Commercial Purposes) |
||
| 3. | UIIC | Motor ( Private Vehicle – 2W & 4W only) |
| BGR – Barath Griha Raksha (Residential Building Insurance) | ||
| BSUS/Fire Insurance/Shop Insurance – Bharat Shooksha Udyama
Suraksha (Building, content, stock insurance) (Commercial Purposes) |
Health Insurance Products
| S No | Insurer | Products |
| 1. | USGICL | CHI- Complete Health Insurance |
| A+ Health Insurance | ||
| Health Care Plus | ||
| Group Products – Health Care Premier | ||
| Group Products – IB Arogya Raksha (only renewal) | ||
| 2. | Niva Bupa | Reassure 2.0 |
| Senior First | ||
| Health Recharge | ||
| 3. | Chola Ms | Flexi Health Supreme |
| 4. | UIIC | Yuvan Health Insurance |
| Family Medicare | ||
| Super Top –Up Plan |
Some common FAQs about out our Digital Insurance Platform and Products: –
| HOW CAN I APPLY FOR INSURANCE? | The applicant can apply for Online Insurance through our IndSMART application or Internet Banking. IndSmart: You can login to your IndSmart mobile app and click on Insurance option under Quick Links on the Home Page.Internet Banking: You can login to your Internet Banking and click on Apply for Insurance option under Value added services on the Home Page. |
| DO I NEED TO HAVE ANY ACCOUNT IN INDIAN BANK FOR APPLYING ONLINE INSURANCE? | Yes, to apply for insurance an applicant should have an account with us. |
| DO I NEED TO VISIT THE BRANCH FOR APPLYING ONLINE INSURANCE? | The Online Insurance is a straight through process & customer can avail the facility through our Mobile app IndSMART / Internet Banking.
In case of assistance, customer can contact his/her Home Branch/Nearest Branch for availing the services. |
| WHAT ARE THE INSURANCE COMPANIES ARE PROVIDING THE SERVICES THROUGH DIGITAL INSURANCE PLATFORM? | All our General Insurance and Health Insurance Corporate Agency Channel Partners (Universal Sompo General Insurance Co Ltd, United India Insurance Co.Ltd, Cholamandalam MS General Insurance Co.Ltd and M/S Niva Bupa Health Insurance) are providing Insurance services through the Bank’s Digital Insurance Platform as well as through our Bank’s Branches. |
Disclaimer . Insurance is the subject matter of the solicitation. . Indian Bank is only a Corporate Agent under the license number CA0108 to Insurance companies and it does not underwrite the risk or act as an insurer in any case. . The insurance policies are subject to the terms and conditions laid out by Insurance company. . Customers are advised to Read the Proposal Form Completely for Full Description of the Terms and Conditions of Coverage and the Exclusions Relating Thereto before concluding a sale. Purchase of any insurance products by a Bank's customer is purely voluntary and is not linked to availment of any other facility from the bank. . Purchasing insurance is a contractual agreement between the customer and the Insurance Company. Bank is acting as a corporate agent only and is not responsible for the underwriting, claims, or the terms and conditions of the insurance policies.
( Last modified on Jun 17, 2025 at 11:06:02 AM )
