Bank of India to distribute Bajaj Allianz General Insurance products
Bajaj Allianz General Insurance and Bank of India have entered into a corporate agency agreement under which the bank will distribute the general insurer’s products through its network of branches and some other facilities across the country.
Bajaj Allianz General Insurance MD and CEO Tapan Singhel said ‘the tie-up with Bank of India provides an opportunity for the insurance company to not only strengthen its presence in urban areas, but also enhance distribution to the remotest corners of the country. As much as creating awareness on benefits of being insured is important to increase insurance penetration, in the country, it is equally important to be present at every touchpoint where customers can access the products’, he said.
With this initiative the Bank of India aims to enhance its customer experience by leveraging the technical support rendered by Bajaj Allianz.
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