Religare Health Insurance today announced its Bancassurance tie-up with one of the country's leading and largest banks Punjab National Bank.
 
With the bank's wide evenly distributed network of around 7000 branches across the country, Religare Health Insurance looks forward to expanding its footprint across the country. The move comes in light of the bank's vision to become a one stop solution for their customers  empowers them to offer a range of comprehensive  new-age health and travel insurance solutions to choose from.
 
Sunil Mehta, Managing Director, CEO, Punjab National Bank commented, ''We see these strategic partnerships as a key to serve our customer base of over 100 million with a range of comprehensive products under one roof our association with Religare Health Insurance further cements the bank's product proposition. Additionally, we look forward to a higher health insurance penetration by means of quality service deliverable.''
 
Sanjiv Sharan, Executive Director, said, ''We are committed to bringing best-in-class products and services for our customers. This engagement will help us serve our customers with a meaningful financial solution for securing their current and future healthcare requirements.''
 
Anuj Gulati, Managing Director  Chief Executive Officer, Religare Health Insurance commented, ''Punjab National Bank is among the largest and most respected banks in India, with a 123-year old tradition of bringing true value for money and convenient banking solutions to its customers. With this partnership we endeavour to offer long-term healthcare and wellness solutions to the bank's customers.''

Shares of the bank gained Rs 1.4, or 0.89%, to settle at Rs 158.90. The total volume of shares traded was 2,158,997 at the BSE (Wednesday).