Bank of Baroda Academy Promotion Booklet PDF

S A H Mr E A K R A K D U S H A S A N YP Mr E A K...

S A H Mr E A K R A K D U S H A S A N YP Mr E A K R A K US H A S H N P M A Y Mr D AKS AK A U S H A SH E Reference R study M r D material for AK S K A A N Y P A S promotion A H E P R D U S H exercise A S of Officers S A N2025-26 Y M A H Mr E A K R A K rD U KS H KA S A N Y P M A A S A H N E P R U H S M r D K S K A U SA H A Y S H M E A R A D S A A N Y P Mr A K R A K U S H A S H A NE Y P M D S A Mr A K A K D US S HA A S H E R A N Y P Mr A K R A K U S H A S H A NE Y P M r D K S K A S A H M A A U H S N E P R M rD A KS A KA S A AY H E P R U H S A N Y M r D K S K A S A H M A A Baroda Academy D U S H A S E R A N Y P Mr A K R A K U S H A Bank of S HBaroda ANE Y P M D S A Mr A K A K D US S HA S H N E P R M r A K A KA S A For A Yinternal circulation H only E P R U H S N M r D K S K A U SA H A Y S H M Do Not Print A E unless extremely A D Rrequired. SaverPaper, Save Trees S A N P M A Kand preserve AK U SA H AY H Environment. S N E P R M r D K S K A U SA H A Y S H M E A R A D S A A N Y P Mr of the promotion A K R A K NE the readersYto Prefer This booklet is to supplement the learning efforts aspirants. Topics U S H A in nature andSApex H Academy advises M r incorporated are indicative S SOPs, Circulars, DBook of Instructions, A Master Circulars, A S Policy guidelines,A etc. for H to A M updated information.K A K U H S N E P R M rD A KS A KA S A is focusingAmainlyY on the promotion H Ethe Bank (basedPRon U This booklet H S N exam within M r D previous K trends) and Sshould not be K A considered SA manual.HEmployees as an instruction U A Y S H M are supposedE toAupdate themselves R A by reading D Bank’s circulars, S guidelines and latest A A N banking industry/ Y P other general Mr news. awareness related A K R A K U S H A S H A NE Y P D S A Mr A K A K D US S HA E R A N Y P Mr A K U S H A S H A NE r D K S K A S M A A U N E P R M rD S A AY H U H S Mr D A KS A KA NE PR  S A H Mr E A K R A K D U S H A S A N YP Mr E A K R A K US H A S H N P M A Y Mr D A KS A K A U S H A SH E R r D K S K A AN PM A A S AY MANAGEMENT SERVICES WEALTH E SH P R DU H AN Y M Mr A KS A KA US HA SH E R D S A AN Introduction:- Y P Mr E A K R A K US H A S H N P M A Y D KS Wealth plays a significant part in an individual’s life journey. It helps in providing A S A H Mr E A R A K U sufficient resources to meet our goals at each stage of life, thus acting as a cushion of D S H A S N P Mr K K security for us at all stages of life. With an endeavour to become the leading Wealth A Y A R A S A NE Services provider, our Bank has tied up with leading partners so as to provide a U H S H A Y P M D S bouquet of investment/insurance products to meet the financial investment needs of A Mr A K our clients/customers. A K D US S HA A S H E :- R A N Life Insurance Y P Mr A K R A K U S  Life Insurance H A S Hthe insurer and A NtheE insured wherein P Y for a M r D insurer promises K S to pay the Kbeneficiary A is a contract between S A the H M A A an insured personrorD a sum U of money in exchange H S Human Life KA S N E on the death ofPR premium M the policyholder.KThe A A S A (HLV) concept Value A Y is mostly usedHto determine the amount E R of life insurance P U to be recommended H to an individual. S A N Y M D S A Mr HLV Concept A K A K D US S HA A SH N E :- P R r A K K A SThe HLV conceptA Y M E or asset that earns R A U H considers human life S H asofahuman A Nbased kind of property Y P M D S A US HA H an income. It thus measures the value life on an individuals Mr  expected E A K future earnings. net means P A K R a person expects r D S K year in theAKA S N Net earnings A less theAamount Y income M A to earn each he would spend on self.EIt thus indicates the R U Sfuture, economic loss H S H N P M r D These earnings S are capitalized, Agenerally using Sfixed a family would suffer if the wage earner A were to die Y prematurely. A H M A K A K U deposit H interest rate to S E them. R r D K S A A N discount  There Y P M E A R AK U Sannual incomeHaAfamily would like is a simple thumb rule or SHto have, even way to measure HLV. This is to divide the ifNthe bread earner Pwas M D S A A S be earned. HA Y H Mr no longer K E A A alive, with the rate R Kof interest thatUcan D S A S A N Y P Mr A K R A K N1,E00,000 on himself. Example:- U SMr. Joseph earns H ARs. 5, 00,000 aSyear H and spends A P If M D S A Rs. S to lose (Rs.H5,A00,000 – Y H Mr Mr. JosephKwere to die prematurely,Kper year. A = Rs. 4, 00,000 A U his family stands S Rs 1,E N 00,000) P R M If rD the prevailing Fixed A KS Deposit rate is A KA S A 8%, then HLV can A Y be calculated as H E P R U H S N M r D HLV= 4, 00,000/0.08 K S = Rs. 50, A K 00,000 U SA H A Y S H M A E we can sayPthat A R amount of insurance D S A A N In general Y Mr should be A Karound 10 to 12AK Elimit of life insuranceR U Stimes one’s annualH A income. HLV Salso H tells us the upper N P r D for an individual S beyond which A it should arouse S Asuspicion. In the A Yabove M K example,Aone should growA K suspicious if Mr.D U asks for anSH Rs.N5ECrores while earning P R r Joseph A K insurance of A Y only Rs. 4 M Lacs a year. The actual amount of U Sinsurance purchased H A would of S Hlike todepend course NE like how much on factors A r D insurance one K S can afford and K A would buy. S M A A U N E P R M rD S A AY H U H S Mr D A KS A KA NE PR  S A H Mr E A K R A K D U S H A S A N YP Mr E A K R A K US H A S H N P M A Y Mr D A KS A K A U S H A SH E R r D K S K A AN Life Insurance at Bank of Baroda:- Y P M A A S A H N E P R U D Our Bank offers H Insurance products SLife AS to its customers A through IndiaAFirst Y Life M r K K S H M InsuranceE CompanyA A IFLIC Ltd is D aU S H A S N P Rand Carmel Pointr Investments India (IFLIC) Ltd. joint venture between A KPrivate Bank of Limited.AK Union Bank of India M Astake holding ofAtheY partners in theHjoint venture is as follows:- Baroda, E R U S The H S N P M r D S A S A A Y H M A K A K U 65% S H S Bank of Baroda E Union Bank ofPIndia R r D K K A A N Y M A 9% R A U SCarmel Point Investments H A India Private S H A NE 26% Y P M D S A Mr FollowingEproducts US HA H Limited AK of India First A K D R Life Insurancer are offered by Bank S A S N P M A K of Baroda:- AK S A A Y Plan – A H traditional non – N R E participating Pplan. U IndiaFirst D This plan K H MahaJeevan S offers Term Rider S A to enhance life A linked Y death M r also K U S cover. Guaranteed H A S H M A A N E benefit and maturity benefit P R is the key rD feature M of this plan. A KS A KA A  SIndiaFirst Life Cash AYBack Plan –SAHtraditional non – linked E non – participating P R U H N M r D plan whichKoffers S guaranteedKAadditions as a percentage U SA A Y paid of premium H S H M A E of sum assured depending on the premium A paying term. D R and balance sum Periodic survival S benefits as a A N P M r assured on A K is payableAK A percentage Sunder the plan.HA Y H E maturity P R U S A N Y M D S A S A r M  IndiaFirst A K A K Plan – D AU H three ASH unit linked planSoffering to R Life Wealth Maximizer N E strategies P investment suit your profile. M rA plan which provides A K additions toAK A Syour fund valueHA Y H E Systematic Partial P R U for paying your premiums S N regularly and M r D WithdrawalK(after S completion K of A SA your funds 5 policy years) to access U H A Y you when S H M require. E A R A D S A N P M r A K AK A  SIndiaFirst A Y H Investment E R U Life Money H Balance Plan – SBased A unit linked A NStrategy helpsYyouP to plan offering market linked M D S A US market. SHA H returns. The Automatic Trigger Mr safeguard E A K your returns fromAthe R K upside of the equity r D K K A S A N P Life PlanY– This is a pure term Mplan A A  SIndiaFirst A if the life insured Hsurvives the policy NEterm. This plan which offers only death P R benefit. DU S Nothing is payable H A S A Y offers M S A H Mr A high cover E Kat very economical R A Krates. rD U KS H KA S A  BarodaN Y P M A – A group term plan offeringEonly death benefitR A S A Jeevan Suraksha H N P to M r DU the K SH demise group members. ofK AS Ideal for employer to take careA employee. US of the employees’Y A families H M  IndiaFirst A in case of untimely A the D S H A S N E Group Credit P RLife Plan – A group r term plan toAtake K care of yourAK A Y M E does not R S loan liabilities U on the shoulders so Athat the burden H of the family members of repaying H S of the person the outstanding N loan P fall r D S A S A Y an who has taken a loan. A  K Acover on your R K – U secures yourSfamily H & loved M lifeAtill age 99. Ther policy IndiaFirst Life Elite Term Plan This is a pure protection plan which offers E insurance P demise. This D K A onesN in case of yourYuntimely M plan can alsoEbeAbought Online S U IndiaFirst Life A HGuarantee Of Life H SDreams Plan S N Plan)- This is a non- D S A A ( GOLD Mr A K K U linked, non-participating, individual savings limited premium paying life A N E P R M rD S A AY H U H S Mr D A KS A KA NE PR  S A H Mr E A K R A K D U S H A S A N YP Mr E A K R AK US H A S H N P M A Y Mr D A KS A K A U S H A SH E R r D K S K A AN P A insurance plan which offers a shorter pay commitment of 6, 8 or 10 years and Y M A S A E R SH P provides regular income for 30 or 40 years along with a Life Cover to ensure DU SH AN Y M KA your loved ones stay protected. Not just this, the policy will also ensure, S HA SH Mr A K A U continuation of your life cover benefit even in case you miss to pay one E R D S A P Mr K K premium, thus protecting your family with a continued life cover for one year S AN A Y H E A P R A U H S A N Y M D Mr The Health KS Standalone Health Insurance:- A A KA U S H A S H E Insurance RegulationsR of IRDA define D S r health coverAasKfollows:- K A A N Y P M A S InsuranceHBusiness” A H Cover” means NEthe effecting Yof P R U “Health S which provide D insurance contracts S or “Health A A for sickness benefits M r K K U S H A S H A M surgicalEor hospital expense A R benefits, includingD or medical, S A N P M r assured K and long AK benefits A A Y R NE term care, travel insurance and personal accident cover. U S H A S H P M r D Therefore, healthS insurance is important A mainly for two A S reasons: HAY H M A K A K U S E  Providing N financial R P assistance to pay D M A KS in case of AKA r for medical facilities S A any illness. AY H E P R U H S N M r D  Preserving K S the savings K ofA SAmay otherwiseHbe an individual which U A Ywiped S H M E A R A D S A N out due to illness. P M r A K A K A Y R U S InsuranceHatABank of Baroda:- Health S H A NE Y P M D S A Mr A wide range A Kof health insurance A US for ourScustomers. K products are available D HA S H R Bank of Baroda Kinto corporateAKA In N purview Eof the extent regulations, P M r A has entered S A agreementAYwith two leading H Stand AloneE Health InsuranceP R agency U H S N M r D Insurance CoKLtd) companies S on 7th May, K (Niva Bupa Health A for distributionSofAhealth insuranceAproducts. Insurance Co Ltd & Star Health andY Allied H M A A 2016 D U S H A S E R r K A N Y P M E A R AK U S Niva Bupa Health H A Insurance Co SH Ltd. N P M D S A A Y Mr Following A are Ksome of the HealthA KInsurance products D USoffered by Niva S A HBupa A S H E Co Ltd forR N P Mr A K K Health Insurance Bank of Baroda customers:- A Y R A UA)SGroup Health Insurance- H A S H A NE Y P M D S A Family Plan S A H Mr B) A Health Plus K E Plus Loan Linked R A K rD U KS H KA S C) Health A N Y P M A A D) Health S Plus SB Attachment A H N E P R U H S M SA Y E) Max B-Health S Top up PlanKA D F) Health Recharge- A r K A Illness PlanRA M G) GroupECritical D U S H A SH A N Personal Accident H) Group Y P Plan Mr A K R A K I)SGroup Criti Care A U H Plan S H A NE Y P D S A Mr K) SuperEProtect J) Xpress AK Plan RAK Health EMI Protect D US S HA A N Multiplier Y P L) Health Mr E A K U M)S Go Active HA S H N r S D N) Health assurance A S A M A K A K U R rD O) Health companion N E P M S A AY H U H S Mr D A KS A KA NE PR  S A H Mr E A K R A K D U S H A S A N YP Mr E A K R A K US H A S H N P M A Y Mr D A KS A K A U S H A SH E R r D K S K A AN P) Heart Beat YP M A A S A H N E P R U D Health & Allied SH AS A Y M r Star K Insurance CoK Ltd. U S H A S H M A A S Following N areEsome of the Health P RInsurance products M r Doffered by StarAK Health InsuranceAK A S A Bank of Baroda A Ycustomers:- H E P R Co Ltd U for H S N M r D A) Star FamilyKHealth S Optima Insurance K A Plan U SA H A Y S H M B) Star Group E A R A D S A P Mr K K Criticare Gold Loan Protect A N Y A R A NE C) Star Medi-Classic Insurance Policy D)SStar Comprehensive U H A Health Insurance S H Plan P M D S A A Y Mr F) Star Cardiac E) Star SeniorKCitizens Red Carpet A A K Health Insurance D USPlan S HA A S H E R Mr K K Care Health Insurance Plan A N Y P A A G) Star Diabetes H)SStar Accident Care Safe Health A Plan Insurance Plan H NE P R U S D I) BENEFIT PLUS-PLATINUM,H S A Health Insurance A Y M r K KGroup U S Plan H A S H M J) BenefitE Plus A Plan A N P R M rD A KS A KA A Cancer CareAGold K) Accident L)SStar Y (Pilot Product) Care Individual Insurance Policy H E P R U H S A N Y M D M) Star TravelKProtectS InsuranceKPolicy A S A r M N) SuperESurplus A InsuranceRPolicy A D U S H A SH A N Y P Mr A K R A K U S Insurance:- HA S H A NE Y P M D S A US of General A H General Mr Insurance E K ‘Life Insurance’ otherAthan R A Kfalls under the category r D S HInsurance. K burglary etc.,AKA S N General Insurance comprises Ainsurance suchAas P M of insurance of property Y Accident andHHealth Insurance, E A against fire, personal S N P and liability insurance R D whichU H Sfor professionals, covers legal liabilities. S Acredit insurance S There are A also other covers such as Y Errors and M r A K K U H A S H M Omissions insurance E R A D etc. S A N P M r A K AK A Sperils, flood storm Y Aand inundation,Searthquake H E P R soNon. There are products Non-life insurance companies have products that cover property against Fire and D U S H A and A Y M allied S companies HAalso offer ASH Mr that cover propertyA K against burglary, E machinery against A K theft etc. TheUnon-life R breakdown, there D S N policies covering of shipsA Y P Mrgoodsare A K cover the hullAK policies that E by sea,R U S and so on. A Marine A H Cargo policy covers in transit N including P air M r D K SHinsurance and road. Further, insurance K AS of motor vehicles A against damages S and theft Y A forms a H M major chunk of A non-life Abusiness. U H S N E P R M rD A KS A KA S A of insurance ofAproperty, Y H that the coverE P R In respect U H it is important S N is taken for the actual M r value of the propertySto avoid being imposed Dproperty K K A ofainsurance, StheA insured penalty should U there be a claim. H A YWhere S H M a rate able proportion a is E A undervalued for the A purposes RFor instance if the D S will have to bear A A N P of the loss. Y Mrextent A value of a property E K is Rs.100 andAK R U Samount payableHwould it is insured for Rs.50/-, A be Rs.25/- S(50% in the event of a H of the loss being loss to the of say N Rs.50/-, P the maximum r D claim Sproperty by 50%). AThis concept is quite S A borne by the A Y insured M most insured.E A for underinsuring K the A K U often not H understood by R D S A N Y P Mr A K U S H A S Hfor Accident, Health A NEetc. Products offering r D Personal insurance K S covers include A policies K S covers offered by non- M A A U rD Personal Accident cover are benefit policies. Health insurance N E P R A M U S H AY S H Mr D A KS A KA NE PR  S A H Mr E A K R A K D U S H A S A N YP Mr E A K R A K US H A S H N P M A Y Mr D A KS A K A U S H A SH E R r D K S K A AN P A life insurers are mainly hospitalization covers either on reimbursement or cashless Y M A S A E R SH P basis. The cashless service is offered through Third Party Administrators who have DU SH AN Y M KA arrangements with various service providers, i.e., hospitals. The Third Party S HA SH Mr A K A U Administrators also provide service for reimbursement claims. Sometimes the insurers E R D S A P Mr K K themselves process reimbursement claims. S AN A Y H E A R A P U H S A N Y M D KS A S A Accident and health insurance policies are available for individuals as well as groups. H Mr A A K D U A group could be a group of employees of an organization or holders of credit cards E R S H A S N P Mr A K A K or deposit holders in a bank etc. Normally when a group is covered, insurers offer A Y R S A H NE P group discounts. D U S H A S A Y M S A H Mr Liability insurance A Kcovers such asAMotor E Policy etc. offerPR K Third Party U D Liability Insurance,HWorkmen’s r liabilities that may S Karise under theAK A S Compensation A N Y cover against legal M A R Sof the respective statutes— Motor A asVehicles E Act,HThe Workmen’s Compensation NParty P Act etc. M U H S A r D Some Compensation A K S are compulsory covers such the K Aby statute. Liability foregoing (Motor U Third and AY Workmen’s S Insurance notHcompulsory S H M by statute isEalso gaining popularity A r D industries insure KSagainst PublicAKA policy) N P R these days. Many A liability.A Y available H M for Products as well.E R U S H A There are liability covers S N P M r D S A S A A Y H M There are general A K A K U H S E insurance products D S that are in the nature of package policies Rcovers mentionedr above. For instance, A offering aNcombination A P of the Y M keepers andEalso AKfor professionals there areAK R package U S policies available H A for householders, S H shop N Apart fromAoffering standard Y P M r D as also such S doctors, chartered K A etc.ones. accountants K S A covers, H M A A D U S H S KA insurers offer customized or tailor-made N E P R r A K Ageneral Insurance Ycovers are necessary M E It is important A Rto U S Suitable H A S H for every N family. P M r D one’s property, protect K S which one might K Ahave acquired from U SAone’s hard earned H A Yincome. S H M A loss or A damage to one’s A property E such as the tsunami, can R earthquakes, leave D one shattered. S Losses created by A catastrophesN P M r cyclones etc.AKhave left manyAK S A and penniless.AY Such losses canHbe devastating butEinsurance couldP R homeless U H S so also the people A N Y help M DHealththem. Spolicy Afinancial Sperson A H medical ASH mitigate Property can be covered, against Personal Accident. r M treatment whether A K A K U A Insurance can E due to a disease provide R or an injury. r D relief to a S undergoing K K A N Y P M A A S A H N E P R D U S H A S A by obtainingSinsurance coversA toYprotect M H Mr their building, K K They need toUcover their liabilities Industries also need to protect themselves A stocksAetc. H S financed by KA S machinery, E on insurance.PSo, FinanciersNinsist R most industriesr orDbusinesses that A Kare as well. banksSand A other institutions Ydo obtain covers. M E R A Uare they insuring A Hadequately are questions S H that need A N But are they obtaining to be given some Y P the right covers? M r D And K S K A S A thought. H A M protected byEinsurance. Also organizations or industries A that are D self-financed U should ensure S H that they are A S R A N Y P Mr E A K R A K U S H A S H N P D S A A Y Mr that are long-term. K K US HA Most general insurance covers are annual contracts. However, there are few products E A R A D S A N Y P Mr A K S It isUimportant H A to read andSunderstand for proposers H A NE and conditions of a the terms r D before theyKenter S into an insurance K A contract. TheSproposal form needs to be M policy A A D U N E P R r A Y M S A H r DU K SH K AS M E A R A N P  S A H Mr E A K R A K D U S H A S A N YP Mr E A K R A K US H A S H N P M A Y Mr D A KS A K A U S H A SH E R r D K S K A AN P A filled in completely and correctly by a proposer to ensure that the cover is adequate Y M A S A E R SH P and the right one. DU SH AN Y M Mr General Insurance A KA K at Bank of Baroda:- A US HA SH N E P R M D r A KS A KA S A has tied up with A Yfollowing partners H for offering A E General Insurance P R U Our Bank H S N various Y M r D Products K S to our customers. K A S A H M A A D U S H A S E Insurance Company R A N Y P Mr A K R A K NE 1.4.2) National Limited:- U S H A S H P M D S A A Y Mr  Burglary A K A K D US S HA A S H EHolders Insurance R Mr K K Insurance A  HouseN Y P A A  SPersonal Accident A Policy H NE P R U D  Shopkeepers H SInsurance KA S A Y M r K U S H A S H M  Two Wheeler A A N E P R M rD A KS A KA S A  Householders AY Insurance:- H E P R U H S N M SA Y Arogya Sanjeevani Policy r D  National Mediclaim K S Plus PolicyKA A H M  National A A D U S H A S E R P Mr K K Parivar Mediclaim Plus Policy (Floater Policy) A N Y A R A U S general Insurance:- Tata-AIG H A S H A NE Y P M D S A S Mr A Kproducts of TATA-AIG A K D UInsurance S HA S H N E at our Bank:PR Following M r General K are A available for A KA A distribution Y  SMediprime :- Comprehensive A H insurance without R Esub limits whichPlets U H S medical N M r D you focus on K Syour family’s recovery K U SA worry. HAY A without any financial S H M  MotorEInsurance:-A R A A comprehensive packageD S policy covering “Own Damage A N + Third Party + Add Ons”P M r A K AK A  STravel Guard:-A A Y Travel Plan to takeHcare of any unforeseen E P R U H S A N contingency Y while M D S A Mr  SME Eprotect:-A AK specifically Kdeveloped US productSfor HAinsurance ASH travelling abroad. R A andDdesigned N coverage options under P SME. M r A K A K A Y R U  SBaroda MedicareA H -Aapka Plan B -TATA S H AIG A NE Y P M D S A S A H Mr Chola MS General E A K R A K rD U KS H KA S A N Insurance Y P M A A S A H N E P R U H S M r D and 3 Dependent K S Children. KA  Group Health Insurance:-A Family U SA floater plan covering Self, Spouse, H A YParents S H M  GroupEHealth A Insurance-Chola A R MS D S A N P r Maccidental A K A K A Y R NE  Group U Smedical expenses Personal H AAccident:- Cover for S H death, disablement P and D S A A Y S for all vehicleHclasses. A Mr  Motor A K E other specifiedPnamed Fire Insurance:-Covering A Insurance:-Comprehensive K insurance cover r D U R financial loss following S damage toKthe property by A N Y M A S fire and A perils. H N E D U Burglary H burglary.of damages Cover:-Covering S A S caused toSself/premises A resulting from Mr K K U actual or attempted E A R A D N P M r S A A Y H r DU K SH K AS M E A R A N P  S A H Mr E A K R A K D U S H A S A N YP Mr E A K R A K US H A S H N P M A Y Mr D A KS A K A U S H A SH E R r D K S K A  AN P A Package Policies:-Combines multiple insurance products as sections and Y M A S A E R SH P covers in one insurance. DU SH AN Y M Mr Mutual Fund:-E AK A KA US HA SH N P R M D r A KS A KA A  SA mutual fund is aApool Y of money managed H by a professional E Fund Manager. P R U H S N M r D  It is a trust K Scollects moneyKfrom that U SA who share A a number of investors H A Y a common