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A family is generally dependent for its food, clothing and shelter on the income brought by the family's breadwinner. The familly is secure as long as the breadwinner is alive and capable of earning his income. A sudden death (or inability ) may leave this family in a financially difficult situation. Uncertainty is inherent in human life. This uncertainty makes it necessary to have some protection against the financial loss arising from death. And life insurance exactly offers this kind of protection.
The following product categories would help fulfill specific insurance needs.
BANCASSURANCE!!! |
GENERAL INSURANCE
We face a lot of risk in our daily lives. Some of these lead to financial losses. General Insurance is a way of protecting against these finnacial losses.For a payment (premium), an insurance company will take the responsibilty of compensating your financial losses.
One of the main reasons one should insure is to protect one's belongings and assets against financial loss. When one has earned and accumulated property,protecting it is prudent. The law also requires us to be insured against some liabilities. That is, in case we should cause a loss to another person, that person is entitled to compensation. To ensure that we can afford to pay that compensation,the law requires us to buy liability insurance so that th resposibility of paying the compensation is transferred to an insurance company.
Anyone who owns an asset can buy insurance to protect it against losses due to fire or theft and so on. Each one of us can insure our and our dependent's health and well being through Health and Personal Accident policies.
CITIZENCREDIT Co-operative Bank Ltd. now brings to you general insurance covers through a Corporate Agncy tie up with United India Insurance Co. Ltd (wholly owned by Govt. of India).
The following covers would be available :