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General Insurance

There are times when we face challenges in life and do not know what to do. Sometimes life takes a turn for the worst when you least expect it to. Your hard-earned money, which you saved for something special, is then spent in settling hospital bills or someone else’s dues.
Events such as hospitalisation, burglary, natural disasters, car theft, riots etc. can negatively affect finances wither for business or in a family. It is in times like these that you wish for a protection that helps from the harshness of such events. General insurance acts as a blanket in all the above mentioned cases.
Bandhan Bank Limited solicits general insurance products as a Corporate Agent of Bajaj Allianz General Insurance Company Limited (BAGIC) and New India Assurance Company Ltd.(NIACL), which offers a wide range of general insurance solutions that are designed to fit every need, every pocket and every situation. These insurance products span across the following segments:


Car Insurance

An accident can happen at any moment. Protection offered by third party and comprehensive insurance coverage can be availed instantly with minimum paperwork. Secure your car against natural calamities and accidents with our car insurance policies that come with varied benefits. Avail additional facility of cashless services at a wide network of garages across the country. To know more of the benefits, you may please speak to our officials at the branches.


Home Insurance

Home is where our heart lives along with our family. Natural or man-made disaster sometimes strike this peaceful abode. That’s why it makes sense to protect this priceless asset with home insurance. You can insure the structure and/ or the contents of your home. The policy ensures that your home is protected against natural and man-made calamities, fire damage and allied perils.


Travel Insurance

Going on an international holiday/ trip, is something that we look forward to and plan in advance. However, any amount of preparation cannot prepare you for the unexpected, if it happens. So, it is always better to go armed with travel insurance. Available as a single trip or multi-trip plan, this insurance policy protects the insured from medical emergencies, baggage loss, passport loss, trip cancellation and even trip delays.

How Insurance Renewals Work?
Benefits from an insurance policy can be obtained only until the time it does not expire. Hence, it is extremely important to ensure that your policy does not lapse. This ensures the continuity of coverage and protects you against unforeseen risks. In addition, the No Claim Bonus (NCB), if any also gets carried forward. Register for an auto renewal option with your Bandhan Bank account at the time of taking the policy and ensure that the account is sufficiently funded. The required premium amount will be debited from your account to ensure that the policy continues without any hassle.  

How can a General Insurance Claim be reported?

  • To report your claim for New India Assurance:
    • Visit New India Assurance’s website and intimate the claim via Live Chat
    • Call New India Assurance’s 24X7 Claim Care number – 1800 209 1415
    • Visit your nearest New India Assurance branch
    • E-mail at

Commission disclosure

As per RBI circular bearing Ref. No. RBI/2009-10/225 dated November 16, 2009 following are the details of commission which Bandhan Bank is eligible to earn from BAGIC and NIACL on the sale of General Insurance Products in its capacity as Corporate Agent in line with IRDAI (Payment of Commission or Remuneration or reward to insurance agents and insurance intermediaries) Regulations, 2016 and applicable circulars:

Commission from General Insurance

Commission from General Insurance - Health Insurance Reg 5 (c)

Sr. No.

Class of business

% of premium payable as agency commission

(% of final premium excluding GST and applicable CESSes)


Health Individual*



Health-Group (Employer-Employee only) – Annual



Health Group (Non Employer-Employee groups



Health Group (Credit link up to 5 years)


Commission from General Insurance - Other than Motor Reg. 5 (d)


Fire Retail



Fire - Commercial (Risks with S.I. <Rs 2,500 crore)



Fire - Commercial (Risks with S.I. > Rs 2,500 crore)









Miscellaneous – Retail



Miscellaneous – Commercial/ Group**


Commission from General Insurance - Motor Insurance Reg. 5(e)


Motor (Comprehensive)***

17.5% for two wheelers and 15% for non-two wheelers (only the own damage portion)


Motor (Stand-alone TP)


*Individual includes annual premium, 3 years single premium, 3 years regular premium

**Commission/ remuneration shall be payable as per Government notification

***Commission/ remuneration shall be payable only to the OD portion of the motor (Comprehensive) policy.


Bandhan Bank Limited ("Bandhan Bank") is registered with IRDAI to act as a Corporate Agent of Bajaj Allianz General Insurance Company Limited (BAGIC) and New India Assurance Company Ltd (NIACL). The contract of insurance will be between BAGIC/NIACL and the Insured, and not between Bandhan Bank and the Insured. Bandhan Bank is acting merely as the Corporate Agent of BAGIC/NIACL and there is no direct or indirect linkage between the provisions of the banking services offered by Bandhan Bank and your usage of the product or participation in the scheme offered by BAGIC/NIACL. Your participation in this product is purely on a voluntary basis. Bandhan Bank is not liable or responsible for any claim, dispute, liability, loss or shortfall resulting from the scheme. The policy is brought to you either from BAGIC or NIACL.
Bandhan Bank with registered office at DN 32, Sector-V, Salt Lake, Kolkata 700001 (CIN: U67190WB2014PLC20462) is registered as a corporate agent (Composite, IRDAI Regn No: CA0530 valid till 19th November 2020) of BAGIC having its registered office at GE Plaza, Airport Road, Yerawada, Pune 411006 and NIACL having its registered office at 87 MG Road, Fort, Mumbai 400001. Bank’s customer participation in the policy is entirely voluntary."