Third party products

According to the open architecture approach of IRDAI, Punjab & Sind Bank has formed a
corporate agency tie-up with three general insurance companies to provide excellent general
insurance products at competitive costs. The Bank will be able to meet the demands of all
segments of genuine consumers thanks to its agreements with prominent general insurers.
Name of the agencies are as follows:

A) Oriental Insurance Co. Ltd (OICL)

B) The New India Assurance Co. Ltd (NIACL)
C) Bajaj Allianz General Insurance Co. Ltd (BAGICL)

Above three are the companies that provide different type of policies that will be covered in
the following paragraphs.

A) Oriental Insurance Co. LTD

The Oriental Insurance Company Ltd. was founded on September 12, 1947, in
Mumbai. The Oriental Government Security Life Assurance Company Ltd
founded the company as a wholly owned subsidiary to conduct general insurance
operations. From 1956 until 1973, the company was a subsidiary of the Life
Insurance Corporation of India (till the General Insurance Business was
nationalized in the country). The General Insurance Corporation of India
transferred all our Company's shares to the Central Government in 2003.
The company is a pioneer in establishing methods for a smooth and orderly
commercial operation. The Company's strength is its highly skilled and
motivated workforce, which spans many disciplines and has a wide range of
experience. Oriental is a specialist in designing custom coverings for huge
projects such as power plants, petrochemical facilities, steel factories, and
chemical plants. The company has created a variety of insurance products to
meet the demands of India's urban and rural populations. To provide the finest
customer service, the Company has a technically skilled and capable team of
employees.

 HEALTH INSURANCE: there are three different of policies that are being covered
that are as follows:
o Happy family floater policy
o Medical insurance policy (individual)
o Oriental super health Top-Up
 Motor Insurance (2 and 4 Wheelers)
 Property/Fire Insurance (Standard Fire)
 Personal accident insurance ( personal accident policy)
 Miscellaneous insurance: this also provides the insurance under there different
categories that are defined below as:
o Shopkeepers insurance
o Burglary insurance
o Householder insurance
 B) The new India Assurance Co. Ltd.
NEW INDIA ASSURANCE CO. LTD, a Multinational General Insurance Company founded
by Sir Dorabji Tata in 1919, is based in Mumbai, India, and operates in 28 countries. In
March 2021, our global revenue surpassed Rs. 31573 crores.

For more than 50 years, we have led the Non-Life Insurance industry in India.

In March 2021, our Indian business surpassed Rs.28548 crores. AM BEST Company has
given us a B++ Stable FSR Rating and a bbb+ Stable ICR Outlook. Since 2014, CRISIL has
given us a AAA/Stable rating, indicating that the company has the greatest level of financial
strength to meet its Policyholders' commitments.

Indian operations
Our Indian activities are spread out over all areas, with 473 DOs, 587 BOs, 25 DABs, and
1086 Micro Offices. As of March 31, 2021, we have 15249 workers and 1,02,804 agents
offering insurance services to our consumers. There are over 250 items in our catalogue.

The follow are the policies/services that have been offered by the company:

 Health Insurance: this particular insurance is divided into 7 sub categories and those
are as follows:
o Asha Kiran
o Floater Mediclaim
o Top up Mediclaim
o Arogya Sanjeevni policy
o Overseas Mediclaim (B&H)
o Overseas Mediclaim (E&S)
o Cancer guard policy

 Property/Fire Insurance

 Marine Cargo Insurance

 Personal accident Insurance

 Miscellaneous Insurance: this is further divided into 3 parts thar are as follows:

 Shopkeepers Insurance

 Griha Suvida Policy

 Householders Insurance
 C) Bajaj Allianz General Insurance Co. Ltd (BAGICL)

Bajaj Allianz General Insurance Company Limited is a joint venture between Bajaj Finserv
Limited and Allianz SE, the world's largest insurer. On May 2, 2001, the IRDA issued the
company a certificate of registration to undertake general insurance business in India. With
offices in over 1100 towns and cities, Bajaj Allianz General Insurance is now one of the
largest private insurers in the business. The company has been steadily extending its
operations to better serve its consumers.
We will have completed 20 years of care on May 2nd, 2021. We progressed from a small
start-up to an industry leader over the course of two decades. With the support of over 9000
workers, a solid distribution network of over 80,000 agents, over 9,000 motor dealer partners,
and over 240 bank partners, we have acquired the confidence of close to 11 crore clients.
Most brokers, web aggregators, and major e-commerce platforms are also affiliated with us.
Throughout our journey, we have developed significant ties with our partners, customers, and
staff.

The follow are the policies/services that have been offered by the company:
 Health Insurance: this is the most commonly asked insurance by the customers and
it has several types that are as follows:
o Women Critical Illness
o Extra care Plus
o Critical Illness
o Health Guard
o M Care
o Family Health Care
o Arogya Sanjeevani
o Silver Health
o Star Package Policy
o Health Infinity
o Corona Kavach Policy

 Motor Insurance:
o Motor – 2 Wheeler
o Motor – Long term 2 Wheeler
o Motor – 4 Wheeler (Pvt Car)

Mutual funds
 UTI Asset Management Co. Ltd. (UTI AMC) is a professionally managed firm led by
a knowledgeable Board of Directors with diversified experience and a committed
management team with the necessary ability and experience.
 UTI AMC has been in charge of assets for a variety of companies. Domestic Mutual
Funds, Portfolio Management Services, International Business, Retirement Solutions,
and Alternative Investment Assets are just a few examples.
  UTI Mutual Fund has a strong in-house research team that tracks, researches, and
evaluates macroeconomic data, capital markets, and financial sectors, as well as a
skilled and professional fund management staff to look after the investments. It
follows a five-layered investment management system that includes Advisory,
Decision Making, Execution, Fund Accounting, and Control.

Products: there are various kinds of options available when it comes to to investing in
mutual funds and that are as follow:
 Assets class: this is further divided into 4 different types that are as
follows:
Equity Funds: Equity funds invest largely in company stock and
associated instruments such as derivatives (such as futures and options)
that trade on the stock exchange. The fundamental goal of stock investing
is capital growth, but stocks may also pay dividends, which provide
income to investors. When comparing the volatility of equities and debt
mutual funds, equity is the more volatile asset type. For equity fund
investments, investors must have a moderately high to high risk appetite,
as well as lengthier investment tenures.

Debt Funds: Debt funds generally invest in debt and money market
securities. Commercial papers (CPs), certificates of deposits (CDs),
Treasury bills (T-Bills), and other money market products are examples.
Non-convertible debentures (NCDs), Government Bonds or G-Secs, and
other debt market products are examples. The primary goal of debt or
money market instruments investment is to generate revenue in the form of
interest payments. Although the primary goal of debt funds is to create
income, some debt funds that take interest rate calls can also provide
capital appreciation to investors. The fundamental distinction between a
debt fund and an equity fund is that debt funds have far lower risks than
equity funds.

Overnight Funds & Liquid Funds: In terms of time horizon and risk
profile, overnight funds are a step below liquid funds among debt funds.
Overnight Funds invest in debt instruments with a maturity date of the next
day. Liquid Funds invest in assets with a 91-day maturity. Since the money
returns to the Overnight Fund the next day when the ageing securities are
sold by the Fund Manager, Liquid Funds are subject to higher interest rate,
credit, and default risk than Overnight Funds.
Because they have no exit load, Overnight Funds are the best option for
storing excess funds for less than a week. Up to six days, liquid funds
carry a graduated exit load, and beyond that, there is no exit burden.
Liquid Funds can invest in any money market securities, such as CDs and
CPs, that mature within 91 days, regardless of credit quality. As a result,
they may pose a greater credit risk than Overnight Funds.
Liquid Funds tend to generate greater returns than Overnight Funds since
they have slightly more discretion in controlling credit risk due to the
longer maturity of their portfolio vs that of Overnight Funds. Overnight
Funds should be chosen if simplicity of withdrawal is a priority for a
requirement that might develop at any time. Liquid Funds may be a good
 choice if you're seeking for a return on your excess cash for more than a
week.

Hybrid Funds: Hybrid funds are mutual fund schemes that invest in two
or more asset classes and have a high level of diversification. The term
"hybrid" denotes a portfolio that invests in a variety of asset classes.

These funds are often known as asset allocation funds since they generally
invest in a combination of equities, debt, and other assets. Hybrid funds
provide investors with a diversified portfolio since they invest in a variety
of assets. As a result, investors have the option of investing in numerous
asset types through a single fund.

These funds have different risk tolerance levels, ranging from conservative
through moderate, relatively high, and aggressive.

 Exchanged Traded Funds: ETFs, or Exchange Exchanged Funds, are

passive investment products that are traded on stock exchanges. ETF fund
managers mirror the investment portfolio of the underlying index and
incorporate essential adjustments as soon as they are made in the
underlying index. Investors may opt to invest in ETFs to gain exposure to
a variety of asset classes, such as stock, gold, and so on.

 Solution Based funds:

o Wealth Builder

o Child Career Planning

o Tax Saving

o Retirement Planning

o Core Portfolio Builder

o ELSS

o Women and Investing

o Invest In SIP