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Reliance Nippon Life Insurance enters into bancassurance partnership with Bank of Maharashtra

Reliance Nippon Life Insurance, a subsidiary of Reliance Capital, has marked a bancassurance-corporate agency agreement with Bank of Maharashtra.

The organization will supplement the bunch of monetary arrangements including protection, savings and investment solutions that the bank offers to its clients. While, the tie-up will empower Reliance Nippon to promote its client outreach with the assistance of more than 1,880 branches of Bank of Maharashtra and reinforce its market position and extend bancassurance dissemination.

Reliance Nippon Life Insurance is amongst the leading private sector life insurance companies in India. It is the biggest and largest non-bank supported private life insurer with over 1 crore policyholders and a solid and stable distribution network of over 700 branches.

To empower Reliance Nippon Life Insurance to additionally fortify its market position and grow bancassurance dissemination

Reliance Nippon Life Insurance Co, a subsidiary of Reliance Capital has signed a comprehensive Bancassurance – corporate agency agreement with Bank of Maharashtra, one of the reputed public sector banks in Maharashtra. This partnership is aimed at enhancing the bank’s customer value proposition and positioning the bank as the most preferred financial services supermarket.

This organization additionally plans to amplify the distribution fee potential for the bank.

Bank of Maharashtra with its broad system of branches appreciates extraordinary perceivability crosswise over metro, urban, semi-urban and rustic geologies crosswise over India, all the more especially in the territory of Maharashtra. The tie-up will empower Reliance Nippon Life Insurance to assist its client outreach.

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