Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Stock Report

| More

Allahabad Bank Launches Super Healthcare Policy with Universal Sompo General Insurance Company

Posted On: 2020-01-06 22:44:47

Universal Sompo General Insurance Company Launches Super Health care policy with its Partner Bank i.e. Allahabad Bank.

The product is now available with Top Up & Super Top Up cover with Sum insured up to 1 crore. The product was launched by the Executive Director of Allahabad Bank Shri. K Ramachandran in presence of Chairman Universal Sompo General Insurance Company Shri. O. N. Singh. The Launch ceremony was recently conducted in Kolkata, it was witnessed by the GM's, DGM's & other bank Head Office staff.

Allahabad Bank Executive Director Shri. K Ramachandran praised the existing co-branded Health product & assured of further penetration among the Bank customer bases. He also highlighted the current Business situation of the Bank & appreciated the fee income which is generated through General Insurance channel by the Bank.

Chairman Universal Sompo GIC elaborated features of the newly launched Super Healthcare policy (Top Up & Super Top Up) which has sum Insured up to Rs. 1 Cr with free restore benefit. Policy covers Ayush treatment, wellness benefit & it has no sublimit or co-pay.

The Policy is designed to counter medical inflation through guaranteed cumulative bonus. Universal Sompo GIC has always ensured that quality healthcare remains affordable to its customers.

The policy is designed to benefit its loyal customer (having Allahabad Retail Health policy) with additional premium discount of 5%. Further it was assured that required training; manpower support will be extended by Universal Sompo team to the Bank. He also emphasized the business focus should be on the retail customer segment for higher product distribution & spreading the benefits of Health insurance.

Universal Sompo GIC shall very soon start issuance of policy online. Pocket friendly premium, shall help Universal Sompo penetrate the rural markets & potential market of tier 2 & tier 3 cities.

Shares of ALLAHABAD BANK was last trading in BSE at Rs.18.45 as compared to the previous close of Rs. 18.9. The total number of shares traded during the day was 141648 in over 1255 trades.

The stock hit an intraday high of Rs. 19.1 and intraday low of 18.3. The net turnover during the day was Rs. 2639650.

Source: Equity Bulls

Click here to send ur comments or to

Other Headlines:

Abbott India Ltd posts Rs. 180.35 crore PAT in Q1FY21

FDC Limited to acquire further stake in South Africa firm

Energy Development Company Ltd board recommends dividend of Rs. 0.50

Hero MotoCorp donates unique first responder vehicles to Civil Hospital, Gurugram

Mirchi revenues fall 72%, but market share rises to 33%

FDC Ltd board approves buy-back at Rs. 450

Gujarat Themis Biosyn Ltd board to approve quarterly results on Aug 13, 2020

Ravileela Granites Ltd Q1 consolidated net profit up at Rs. 0.74 crore

Indowind Energy Ltd posts consolidated PAT of Rs. 3.40 crore in Q1

FDC Ltd reports consolidated PAT of Rs. 91.72 crore in Q1FY21

Mercury Laboratories Ltd Q1 PAT at Rs. 0.96 crore

BATA India Ltd reports loss of Rs. 100.88 crore in Q1FY21

Seshasayee Paper & Boards Ltd Q1FY21 consolidated net profit lower at Rs. 19.30 crore

ANUH Pharma Ltd board approves 1:1 bonus issue

Siemens Limited announces Q3 FY 2020 results, Performance impacted due to COVID-19

WINTAC Ltd Q1 loss at Rs. 0.3158 crore

Sudarshan Chemical Industries Ltd posts Rs. 18.19 crore consolidated PAT in Q1FY21

CIPLA Ltd Q1FY21 consolidated PAT up at Rs. 577.91 crore

DIC India Ltd Q2CY20 PAT soars on exceptional income

Andhra Paper Ltd reports loss in Q1FY21

Natural Capsules Ltd Q1FY21 net profit surges to Rs. 2.48 crore

The Shipping Corporation of India Ltd posts consolidated PAT of Rs. 336.87 crore in Q1FY21

ANUH Pharma Ltd Q1FY21 net profit up at Rs. 16.72 crore

RAMCO Industries Ltd Q1FY21 consolidated net profit rises to Rs. 61.83 crore

Container Corporation of India Ltd Q1FY21 consolidated PAT slides to Rs. 60.61 crore

Automotive Axles Ltd Q1 loss at Rs. 2.30 crore

Morganite Crucible India Ltd posts loss of Rs. 0.67 crore in Q1

Monte Carlo Fashions Ltd Q1FY21 loss at Rs. 13.53 crore

Nucleus Software Exports Ltd Q1FY21 consolidated PAT surges to Rs. 36.33 crore

Kesar Enterprises Ltd Q4FY20 PAT surges to Rs. 36.90 crore

Murugappa group firm to invest in CG Power and Industrial Solutions Ltd

Zensar to host Digital Foundation Services (DFS) Virtual Analyst and Advisor Conclave

JK Agri Genetics Ltd to raise funds upto Rs. 50 crore

Apollo Hopsital asks for 50% rent waiver

Shree Renuka Sugars Ltd to issue 2,11,670,481 Equity Shares at Rs. 8.74

REC Ltd Q1FY21 consolidated PAT soars to Rs. 1845.30 crore

Amara Raja Batteries Ltd Q1FY21 consolidated net profit declines to Rs. 62.49 crore

Aditya Birla Capital Ltd Q1FY21 consolidated net profit at Rs. 198.38 crore

Mangalam Cement Ltd posts net profit of Rs. 13.79 crore in Q1

Kaycee Industries Ltd Q1 loss at Rs. 0.20 crore

Nath Bio-Genes India Ltd Q1FY21 PAT rises to Rs. 41.25 crore

Birla Corporation Ltd reports earnings for Q1FY21

JK Agri Genetics Ltd Q1 PAT zooms to Rs. 19.20 crore

Finolex Industries Ltd posts consolidated PAT of Rs. 56.72 crore in Q1FY21

Shreyans Industries Ltd posts Rs. 6.77 crore PAT in Q1

Adani Transmission Ltd Q1FY21 consolidated PAT higher at Rs. 383.55 crore

Targeting the significant shift to Spiritual-Religious Tourism, Thomas Cook India & SOTC launch Ramayana Trails

Rane Madras Ltd announces Q1FY21 results

BHEL commences Civil Works at 660 MW Sagardighi Supercritical Thermal Power Plant in West Bengal

Equitas Small Finance Bank Limited is now the official retail banking partner of Chennai Super Kings

Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2019