Canara Bank, The New India Assurance enter into Corporate Agency Arrangement
While Lalit Vaid, General Manager, Marketing & R R Wing, HO signed the Corporate agency agreement on behalf of the bank, R M Singh, General Manager, Bancassurance Dept, HO executed the agreement on behalf of the Insurance Co., in the presence of top Executives from Bank & Insurance Co.
Under this strategic agreement, The New India Assurance Co. Ltd will offer its industry leading general insurance products to the customers of Canara Bank.
"A bouquet of personal lines of products such as Motor Insurance, Home Insurance, Health Insurance, Travel Insurance and commercial line of products such as Fire Insurance, Marine Insurance and Engineering Insurance will be available through branches of Canara Bank," a company statement said.
"The partnership aims to provide best-in-class general insurance products to Canara Bank Customers at highly competitive rates. The extensive branch network of the Bank and the Insurance Co. will facilitate insurance penetration and smooth post sales service of policies," it added.
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