BoI partners New India Assurance for general insurance products for its customers
With this tie-up, Bank of India's customers will have access to insurance solutions, including health, motor, personal accident, home, and commercial insurance products offered by NIACL, a systemically important insurance company, the lender said in a release.
)
05:40 PM IST
Bank of India and New India Assurance have entered into a strategic partnership to offer a wide range of general insurance products to customers of the public sector bank.
With this tie-up, Bank of India's customers will have access to insurance solutions, including health, motor, personal accident, home, and commercial insurance products offered by NIACL, a systemically important insurance company, the lender said in a release.
"The tie-up is a step forward in offering comprehensive insurance solutions under one roof," said Bank of India MD & CEO Rajneesh Karnatak.
Girija Subramanian, Chairman-cum-Managing Director, The New India Assurance Co Ltd (NIACL), expressed confidence that the partnership will enhance insurance penetration for Bank of India customers and provide them with quality service and protection.
Bank of India has over 5,200 branches across the country, while New India Assurance brings with it over 100 years of excellence in the general insurance sector, making this partnership a powerful alliance in India's bancassurance ecosystem, as per the release.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
)
)
)
)
)
)
Which shares to buy for long term now? How analysts view SBI, HAL, Trent, Bank of India, a dozen other stocks now
After PNB, this state-run lender reports over Rs 226 crore fraud by Gupta Power Infrastructure
Bank of India raises Rs 2,690 crore via infra bonds at 7.5% interest rate
SBI 444-day FD vs Bank of India 400-day FD: Compare maturity amounts for Rs 4 lakh and Rs 8 lakh investments for general and senior citizens
