Insurance

BANKIT is an IRDAI Licenced corporate insurance agent bearing registration no. CA0837.

For those who wish to provide a safeguard to their customers, BANKIT offers well-suited and well-curated Insurance plans by leading insurance companies like SBI General Insurance, LIC of India, Aditya Birla Health Insurance, Go Digit, HDFC Life, HDFC Ergo, Oriental Insurance Co., National Insurance Co. Ltd., and many others. Where we prioritize financial well-being by providing top-notch insurance products through our dedicated vast agent network to our end customers. Our goal is to ensure that our agents provide services to make their customers financially protected against life's uncertainties.

BANKIT is committed to offering a wide range of affordable insurance products that cater specific needs and budgets of our end customers assisted by our dedicated POSP agents.

What is Insurance?

Insurance is a financial safeguard designed to protect against unexpected events. It acts as a shield against financial losses arising from various risks, such as accidents, health issues, property damage, and more. By paying a small regular premium, one can secure significant financial support when it is most needed.

Becoming a BANKIT POSP Agent

At BANKIT, we carefully appoint Point of Salespersons (POSP) after a thorough selection process. After multiple training sessions and a proper certification process, our agents are qualified to serve some limited insurance services. This ensures that well-trained agents are providing you with the best-fitted insurance services for everyone.

Our POSP agents get benefits from attractive commissions and have access to exclusive insurance products designed to meet the diverse needs of our end customers. Additionally, our POSP agents provide services in an assisted manner. They guide customers about insurance services during transactions, making them aware of various insurance options along with their features and benefits. This personalized approach ensures that our end customers can make informed decisions about their insurance needs.

At BANKIT our foremost goal is to provide Insurance at the lowest premium. BANKIT insurance products start from just ?2 only.

Why Starting Insurance Partnership with BANKIT?

• Expert Partnerships

We understand the importance of having the right insurance plan. That's why we've collaborated with leading insurance providers like SBI General, LIC, Aditya Birla and many others to offer a diverse range of insurance products:

• SBI General Insurance: Known for their reliability and excellent customer service, SBI General Insurance offers a wide range of products to protect you against various risks.
• Life Insurance Corporation of India (LIC): LIC is a trusted name in life insurance, offering a variety of plans to suit different needs and ensure financial security for your loved ones.
• Aditya Birla Health Insurance: A renowned name in the Health Insurance service sector, Aditya Birla provides comprehensive insurance solutions that cater to diverse customer requirements.

• Our Diverse Insurance Portfolio

BANKIT offers a comprehensive range of insurance plans to cater to various needs. Here's a glimpse of what we provide:

• Accidental Insurance: Accidents can happen unexpectedly which may result in loss of life or disability, we provide very low cost Personal Accident Insurance policy. In case of any accidental death or disability to the life assured, policy Sum Assured paid to the nominee of the life assured.
   
• Health Insurance: With healthcare costs on the rise, having health insurance is crucial. Offering these health insurance plans ensures your clients have coverage for hospitalization expenses, medical treatments, and other healthcare needs, giving them peace of mind knowing that their health is protected.
   
• 2-wheeler and 4-wheeler Insurance: Protect your customers' vehicles with comprehensive two-wheeler and four-wheeler insurance plans. These policies cover damages caused by accidents, theft, or natural disasters, ensuring they can repair or replace their vehicle without financial strain.
• Hospital Cash Plan: The Hospi-cash plan is designed to provide daily hospital cash benefits to help you manage non-medical expenses during hospitalization. With Hospi-cash, your customers will receive a fixed amount of cash for each day he or she is hospitalized, ensuring he/she can cover incidental expenses such as travel, food, and accommodation. Your customers will be entitled to fixed daily cash benefits during hospitalization.

Services with affordable premium

We provide Insurance services starting with the lowest premium amounts, which include specially curated plans for those who cannot afford high-premium insurance. This allows our agents to serve customers who need affordable insurance solutions without compromising on coverage and benefits.
 

Single Portal Access

Our agents (POSP) do not need to log in to another specific portal to serve their customers with Insurance services. They can offer comprehensive insurance services seamlessly, enhancing efficiency and customer satisfaction with a single portal only.

Special Packages for Affordable Coverage

• Embedded Accidental Insurance

We have introduced a special embedded accidental insurance plan designed to provide financial protection to customers through our agents. This plan offers a sum assured of ?10,000 for a very affordable premium of just ?2 per month. It is a budget-friendly option that ensures significant coverage in case of an accident. Customers can also choose from other plans based on their coverage needs. For a premium of ?3 per month, the coverage increases to ?25,000, while ?5 per month provides ?50,000 coverage. A premium of ?10 per month offers coverage of ?1,00,000. Additionally, there is an annual plan available for ?75, which also provides coverage of ?1,00,000. This range of options makes it easy for customers to find a plan that suits their financial protection requirements.

Features and Benefits:

• Low premium of ?2 per month
• Embedded with BANKIT services, hence no extra process.
• Sum assured to ?10,000
• Quick and easy claims process

• Personal Accidental Insurance

BANKIT presents Aditya Birla Active Personal Accident Secure Policy for their end customers with the coverage of rupees ?5,00,000 on just a premium of ?300 per annum, without any age limit barriers, and for those who are looking for an even lesser premium BANKIT has launched a special plan of coverage ?1,00,000 with just premium of ?75 for 1 year. It includes accidental death, permanent total disability, and permanent partial disability.

Features and Benefits:

• Affordable premium
• No age limit
• Financial security
• Quick and easy claims process

Why Insurance is Important and Valuable

1. Providing Financial Security

As a BANKIT agent, your job is to help people stay financially safe during difficult times. Life can be unpredictable—accidents, illnesses, or other emergencies can happen anytime. When such situations arise, your customers won’t have to use up all their savings or borrow money to manage expenses. You provide them with insurance that acts like a protective shield. This coverage ensures they have money available when they need it the most, giving them a financial cushion to fall back on.

2. Offering Peace of Mind

Insurance isn’t just about money; it’s about emotional security too. When people have the right insurance, they feel more relaxed knowing they’re prepared for unexpected events. For example, if someone falls sick or faces property damage, they won’t have to worry constantly about how to pay for it. As their BANKIT agent, you give them confidence that they are financially covered. This allows them to focus on their daily life without unnecessary stress about the future.

3. Protecting Valuable Assets

People work hard to buy things like homes, cars, and valuable items. These are important investments in their lives. However, accidents or natural disasters can cause damage or loss to these possessions. Insurance helps protect these valuable assets by covering repair or replacement costs. For example, if a car gets damaged in an accident, the right insurance can pay for the repairs. As a BANKIT agent, you guide customers to choose the right insurance plans to protect their hard-earned possessions, ensuring they don’t bear the full financial loss alone.

4. Ensuring Legal Compliance

Certain types of insurance, like vehicle insurance, are not just helpful—they’re legally required. This means the law mandates people to have them to avoid fines or penalties. For example, driving a car without valid insurance can result in heavy fines or legal trouble. As a BANKIT agent, you help customers understand these legal requirements and offer the necessary insurance products. This ensures they stay compliant with the law and avoid any legal issues in the future.

5. Providing Investment Opportunities

Some insurance plans do more than just offer protection—they also help customers grow their money. These policies combine financial security with investment benefits. For example, life insurance plans can sometimes offer a return on investment, helping people save for future goals like their child’s education or retirement. As a BANKIT agent, you assist customers in choosing the right policies that match their financial goals, ensuring both safety and financial growth.