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Insurers rush to finalise tie-ups with niche banks

Bancassurance deals are expected to be finalised in the next few weeks

M Saraswathy & Nupur Anand  |  Mumbai 

Insurance companies are rushing up to finalise tie ups with payments banks and small finance banks to sell their insurance products via these new channel. While it is not clear whether they would be incorporated into the corporate agency channels, these niche banks' branch network will be used to sell products. This comes at a time when there were apprehensions expressed by the insurance regulator saying that these tie-ups with these niche banks may not be very successful. The chief executive of a mid-size life insurance company said that there were doubts earlier whether the ...

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First Published: Sat, March 26 2016. 00:40 IST
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