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स‍थान/Place: Mumbai तारीख/ Date: 07.05.2016

Press Release

Bank of Baroda enters into an MoU with M/s Max Bupa Health Insurance Co. Ltd and
M/s Star Health & Allied Insurance Co. Ltd

Bank of Baroda has been pioneer in having multi tie-up arrangement in insurance
sector after open architecture Regulation for Corporate Agency (Composite) under
new IRDAI Registration of Corporate Agents Regulation 2015 with effect from
01.04.2016.

Bank of Baroda, one of the leading Public sector Bank with International standard has
entered into tie-up arrangement with two Standalone Health Insurance Companies;
Max Bupa Health Insurance Company Ltd and Star Health and Allied Insurance
Company Limited on 7th May 2016.

Executive Director of Bank of Baroda Mr. Mayak K Mehta exchanged Corporate

Arrangement Agreement with Mr Ashish Mehrotra (Managing Director & CEO)
Max Bupa Health Insurance Company Ltd and Mr V Jagannathan (Chairman
cum Managing Director) Star Health and Allied Insurance Company Limited
separately on 07th May 2016.

On this occasion Mr. Mehta said “The products will be offered in the form of Retail
Insurance, Group Health Insurance to Bank customers. Bank and the insurances
companies, both being strong player in technology and products, this relationship will
manifest into win- win situation for all customers , Bank and Companies.”

The Bank has always endeavoured to provide bouquet of financial product to all their
customer under one roof to serve it’s 6 crores plus customer base. Bank will provide
customised health insurance product after assessing the need of the customer.

कार्पोरे ट जन संर्पकक विभाग, बड़ौदा कार्पोरे ट सेंटर, सी- 26, जी – ब्लॉक , बा‍रा का लाक कॉेर्पेक्स , ुाब - 400 051 ,

CORP.PR Department, Baroda Corporate Centre, C- 26,G-Block,Bandra Kurla Complex,Mumbai- 400 051
Narration of the Photograph 1. – Shri Mayank K Mehta (centre), Executive Director,
Bank of Baroda seen exchanging the agreement with Shri. Ashish Mehrotra (2 nd from
left), CEO & Managing Director, Max Bupa Health Insurance Co. Ltd. Also present
were Shri P S Jayakumar (2nd from right), Managing Director & CEO, Bank of Baroda,
Shri O K Kaul (right), General Manager (Marketing & WMS) & Ms Polly Doak (left),
Chief Strategy Officer and Director of Products, Max Bupa Health Insurance.

Narration of the Photograph 2: Shri Mayank K Mehta (2nd from left), Executive
Director, Bank of Baroda seen exchanging the agreement with Shri. .V Jagannathan
(left), Chairman & Managing Director, Star Health Insurance Co. Ltd. Also present are
Shri P S Jayakumar (2nd from right), Managing Director & CEO, Bank of Baroda &
Shri O K Kaul (right), General Manager (Marketing & WMS)

Sd/-

O K Kaul
General Manager
(Marketing & WMS)

BCC/CPR/2016/

कार्पोरे ट जन संर्पकक विभाग, बड़ौदा कार्पोरे ट सेंटर, सी- 26, जी – ब्लॉक , बा‍रा का लाक कॉेर्पेक्स , ुाब - 400 051 ,

CORP.PR Department, Baroda Corporate Centre, C- 26,G-Block,Bandra Kurla Complex,Mumbai- 400 051