Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
23 January, 2018 21:29 IST
Aviva joins hands with Bank of Maharashtra for Bancassurance biz
Source: IRIS | 10 Jan, 2018, 03.19PM
Comments  |  Post Comment

Bank of Maharashtra (BoM) a prominent bank in the state of Maharashtra and Aviva Life Insurance today announced that they have entered into a Corporate Agency arrangement for distribution of Life Insurance products. With this tie-up, the Bank through its 1,863 branches will be able to distribute Aviva Life Insurance products across the country.

Under the Open Architecture system, a bank can sell insurance products of multiple insurers in the same category. This ensures that consumers are given multiple choices, and they can buy a product which suits their needs the best.

R.P. Marathe, MD & CEO Bank of Maharashtra (Q,N,C,F)* said, ''Since inception in 1935, Bank of Maharashtra has built a strong network which has strived for offering comprehensive financial solutions to support wealth creation for its consumers. As per industry reports Insurance penetration in India is merely around 3.42 percent 1 as compared to global average of 6.2 percent. With our association with Aviva, we are delighted to offer superlative products to our customers and are committed in reaching out to the large section of insurable but untapped population in the Tier II and III cities, in the country.''

Comments Post comment 
 Post Comment
Name Email
Comment
Security Code type    into this box
Sector
Bharti Airtel's weak results may mark low point for India telcos: Fitch - 23-Jan-2018 13:13
Pricol inks pact with Dongguan Shenpeng Electronics Co - 23-Jan-2018 10:29
Kalpataru Power bags new orders worth Rs 8.71 bn - 22-Jan-2018 16:21
Apollo Micro Systems settles 60.6% higher on listing day - 22-Jan-2018 16:12
Infosys inks pact with A.S. Watson Group - 22-Jan-2018 15:50
Reliance Nippon Life inks pact with Bank of Maharashtra - 22-Jan-2018 15:10
Apollo Micro Systems lists at 69% premium - 22-Jan-2018 12:00
Larsen & Toubro launches second offshore patrol vessel - 22-Jan-2018 10:06
ONGC acquires 51.11% stake of President of India in HPCL - 22-Jan-2018 10:01
ONGC acquires 51.11% stake of President of India in HPCL - 22-Jan-2018 10:01
IL&FS Transportation Networks receives LoA for road project in J&K - 22-Jan-2018 09:52
more...
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer