Bank Insurance

Bancassurance is a relationship between a bank and an insurance company that is aimed at offering insurance products or insurance benefits to the Bank’s customers.

Bangiya Gramin Vikash Bank has taken lot of new initiatives for the benefit of its valued customers. With an object to offer the customers of the Bank a one stop contact point having an array of various financial products under one roof and fulfilment of their diverse needs, Bank has entered into tie-up with renowned Insurance Companies.

BGVB is currently having Tie-Up arrangement with the “Life Insurance Corporation of India” (LICI), “PNB MetLife Insurance Company Limited” & “Reliance Nippon Life Insurance Company Limited” for selling Life Insurance products, “The Oriental Insurance Company Limited” (OICL) & “Bajaj Allianz General Insurance Company Limited” for General Insurance products and “CARE Health Insurance Ltd” & “Star Health and Allied Insurance Company Limited” for selling Standalone Health Insurance products.

The insurance products to our customers acts as an add-on service offered by the Bank in addition to the normal Banking services.


  1. Insurance is the subject matter of the solicitation.
  2. For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale. Participation by customers is on voluntary basis.
  3. Contract will be between Insured & Insurer and not between Insured & the Bank. Bangiya Gramin Vikash Bank is a licensed Corporate Agent under the license number CA0419.
  4. Bangiya Gramin Vikash Bank is only a Corporate Agent to above Life and General Insurance companies and it does not underwrite the risk or act as an insurer in any case.
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