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Canara Bank, Bajaj Allianz General Insurance ink pact

Press Trust of India  |  Mumbai 

State-owned lender and Bajaj General Insurance, a private sector general insurer, have signed corporate agency agreement for the distribution of Bajaj Allianz's general products through Canara Bank's extensive network of 5,920 branches across the country.

Under this strategic agreement, Bajaj GI will offer its industry's leading general products to the customers of

The partnership aims to provide enhanced customer experience by leveraging technology to augment the comprehensive range of third party products and services distributed by the bank.

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to have short-term effect on cos: * Private non-life insurer General today said that of currency notes will have a short-term effect on general companies.

"of currency notes will have a short term effect on general companies," General senior vice president and chief financial officer Rikhil Shah said in a statement.

"Companies with larger agency channel may see an impact in the short period. This could be true for rural and micro covers, which have smaller premiums," he said, adding that "the industry might see a dip in premium in the immediate short term, especially in tier II and III cities.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sat, November 26 2016. 20:22 IST