BARODA INSURANCE PREMIUM FINANCE
Now you can plan and spread the burden of your insurance premium with Baroda Insurance Premium Finance (BIPF) scheme. BIPF is a facility that enables you to pay your insurance premium to cover valuable assets in installment rather than in one lump sum amount.
The bank enters into agreement with the insurer and the insured, whereby the bank agrees to pay immediately in full the insurance premium of the insured on the terms and conditions stipulated in the IPF agreement.
- Easy application process
- Hassle free and swift sanction and convenient documentation
- Competitive pricing based on bat/ reducing interest rate
- No hidden charges
- No security required for the loan