Business Standard
Thursday, Feb 16, 2012
     
drived banner
drived banner
  Advanced Search
RSS
Content Guide
Follow us on  
|||Banking & Finance|||||| 
 Section Home | News Now | Today's Paper | Columnists | BS Says | Money & Forex Markets | Q&A | Bank | Insurance | Monetary Policy | Banking Annual
Home > Banking & Finance Live Markets | Commodities
 

Andhra Bank, BoB, L&G Group in insurance JV
Hrusikesh Mohanty / Kolkata/ Berhampur Feb 25, 2009, 00:24 IST

The public sector Andhra Bank would launch its insurance business in association with Bank of Baroda and Legal & General Group, a London-based financial services company before the end of 2008-09.

“Andhra Bank has already formed a joint venture with the Bank of Baroda and Legal & General Group to launch the insurance business. All formalities in this regard have been completed and the insurance business both in life and non-life segments is expected to be launched before the end of the current fiscal”, T Ravindranath, one of the directors of Andhra Bank told Business Standard.

 Click here for Cloud Computing
 
Andhra Bank has gained experience in insurance and mutual fund sectors as it had already sold the mutual fund products of various companies. The bank has tie-ups with the mutual fund companies like Reliance, Kotak Mahindra, Fedility Mutual Fund and Birla Sun life Mutual Fund for sale of their products.

The Hyderabad-based bank has also entered into a MoU with two other PSU banks- Bank of Baroda and Indian Overseas Bank for forming a subsidiary in Malaysia. The bank has signed a MoU with Maruti Suzuki Limited to offer finance for its vehicles, said Ravindranath.

The bank which currently has a total business volume of about Rs 97,000 crore aims to enter the mid-size category of banks in the country by achieving a total business of Rs 1,00,000 crore by the end of March this year.

“Two districts adopted by the bank- Ganjam in Orissa and Srikakulam in Andhra Pradesh have achieved 100 per cent financial inclusion. The bank has already launched the Smart Card Scheme in Warangal district of Andhra Pradesh on a pilot basis and the scheme would be launched soon in Ganjam district”, he claimed.

New Ipad Application :Business Standard's all new IPad App
Click here to download for free
Arrow Other Stories     
- Wall Street opens flat as data offsets Moody's warning
- Thomas Cook India Q4 net jumps three times
- Govt plans to make 30% sourcing from MSEs mandatory
- Explain ways to cover govt loss on 3G roaming: TDSAT to telcos
- Magma Fincorp plans to start gold finance biz in H1 of FY13
  Read Business news in 
- Now property search gets more exciting than ever before!
- IndianOil Citibank Card at Zero annual card fee
- High Growth Business Opportunities in Africa - Register to explore
- Save over Rs.3000 with IndianOil Citibank Card
- We live for our family. have you secured them?
- Office 365 for professionals and small businesses.
- India's No. 1 Property Site. Click here to know more..
- Diseases earlier, Saving Costs, Extending Lives. Know More..
- Win a Business Class Ticket to Europe..Know more..
- Exim Bank Conclave on India - Africa Project Partnership. Know more..
- Enjoy the journey as much as the destination. click to know more..
- Medium-sized businesses are the engines of a smarter planet.
- Be part of it The World's Largest Aircraft.
- Creating Wealth made simple the SIP way. Know more..
- Only Developer to give a guarantee on time space & rate.
- Buy Your Property with Our Triple Guarantee in India.
- Improve Patient Care & Experience. Click here to know more
-  Introduce a New Automotive Luxury Car.. know more
- Health is Wealth..... Insurance + Savings... Know More...
Sorry, comments to this story are closed
Latest Messages
Posted by: Azmat
Dear Sir, I m Azmat Aziz Chishti completed my Graduation from Ambedker University Agra. Now working in HDFC Standard Life as a Assistant Sales Manager. Now i want to work with ur company with my full of efforts. Regards Azmat Aziz Chishti 9897791671
Posted by: k a narayana
Poonam Sharma May 03 , 2010 ,12:27 IST Dear Sir, I am k a narayana COmpleted mba From anna University. Working with SUD life Insurance Co BEfore this i was in aviva Insurance Co..i would like to work with your co. with my best Effort. Regards Poonam
Posted by: Poonam Sharma
Dear Sir, I am Poonam Sharma COmpleted Bsc IT From Karnataka University. Working with SUD life Insurance Co BEfore this i was in Cholamandalam General Insurance Co..i would like to work with your co. with my best Effort. Regards Poonam
Posted by: Priyanka Mehta
Dear Sir, I am Priyanka mehta I am M.Sc. in computer science ,Presently Working With SBI Life Insurance Co Ltd In Operation Dept Since 2007 .I want To work With your Growing Company It would Be a Great Experience to Work with this Innovative company .I will Provide my best knowledge with effeciently to our company Thanks And Regards Priyanka Mehta 09826345626 indore
Posted by: thirupathi rao
dear sir,i have done MBA from Andhra university.now i doing job in Bajaj Allianz.I can be part of BOB and ANDHRA BANK life insurence.My mail id tirupathi.777@gmail.com and my phone no 9493417064
    Posted by: kvs ramakrishnayya
sir can i have any oppurtunity in bajaj Allianz Regards, Ramakrishnayya Mobile 9840322439
Posted by: AmitSingh
Dear Sir, I am having an experience of 6+ Years in Finance and Pharma presently working with Tata Aig life as a Senior field sales officer may i know how I can be associated with BOB,Andhara Bank & L & G group Insurance.I am contactable on +982857779(m)& my mail id is- arsingh23@gmail.com singhamit1938@yahoo.co.in.
Posted by: Sreenivasulu
Dear Sir, I am Sreenivasulu from Andhra Pradesh having 15 years of rich experience in various levels & various segments like FMCG & Beverages in Rayalaseema, Coastal & Part of Telengana. Now I would like to join in Insurance Sector. If there is any oppartunity please call to me. My contact No.9553955182
Posted by: narender
I am into Insyrance from 3.5 years 1 yr with Kotak and 2.5 yrs in Tata let me know any good vacancy up 9985003800
Posted by: phani
I am in the insurance (Bancassurance) from last 2.5 yrs in Bajaj Allianz Life Insuance at Hyderabad, let me know any oppertunities,Ia there any opening call 9963090009.
Posted by: MuthuRaj
Dear Sir Presently iam working with Reliance capital services as a Branch Manager since last 1.7years and total expirance 4years in general insurance sector,any good opening pl give a call to 9342240570 or 9379167210.
Posted by: nitin
can u confirm me the opening of baroda L & G insurance at rajasthan i want to join as soos as possible
Posted by: Zubair
Dear Sir,Madam, This is Zubair Ahmed from Kurnool(AP). I am having B.A with 14yrs 7 months exp in Sales and Management. presently I am working with Bajaj Auto Ltd as a Branch Manager since 2007. I am interested to come into Insurance Industry. My present ctc: Rs 350000/pa. My contact no: 9502233223
Posted by: MANISH
I am in this Insurance Industry since last 7yrs Exp. I am also having Team Handling Exp. so i feel myself comfortable for job. I am ready to work with u please contect me Manish Shah Mo. 09824375763.
Posted by: NIRMALRAJ
Dear Sir/Madam, I am nirmalraj.C, I having good knowlegde in sales. Past few yrs i am doing my best in insurance field. I am giving very good financial planner for the people/Customers. I am looking for a change in ur company. I am very much happy to working in new challenging environment. contact: 9842872898
Posted by: YOUSUFSHARIF
Hi Sir, I am having overall 7.5 years experience in Insurance industry,presently working with Future Generali Inida Life Insurance Company looking for change u can reach me on 9703736555 Thanks
Posted by: sunilgupta
I have 5 year experience in life insurence & presentely working as branch manager.
Posted by: chandrasekhar
hi sir i am chandrasekhar mekala and qualified mba and having around 3years experience in insurance indurstry. i am looking to change and my mobile 8019805575 and chandrani.mba@gmail.com
Posted by: sandep
Dear sir i am having an experience of 2 year in METLIFE INDIA INSURANCE COMPANY LIMITED with AXIS BANK LTD VARANASI. I want to be associated with BOB,ANDHRA BANK L&G Group Insurance.My contact number is +919984357299& id is sandeep_rathor16@yahoo.com
Posted by: Veeresham
I have 16 plus years of experience in the field of Sale & Marketing with a proven track record. I am into life insurance sector for the last 7years served as Sales Manager, Branch Manager and presently as Regional Sales Manager. Hence I request you to give me an opportunity for the personnel discussions. Veeresham Ankuru Mobile: 09848230942 Hyderabad.
Posted by: kamleshsingh
kamlesh Dear sir,I have an experience of 2+year in insurance presently working with TATA AIG LIFE INSURANCE COMPANY.I want to be associated withBOB,Andhra Bank&L&G Group Insurance.my contact number is +919431181888.& id is kamlesh_singhs@rediffmail.com
Posted by: alok
Dear Sir, I am having an experience of 3+ Years in Insurance presently working with STAR UNION DAI-ICHI may i know how I can be associated with BOB,Andhara Bank & L & G group Insurance.I am contactable on +919430387890(m)& my mail id is-alok_jiya@yahoo.co.in
Posted by: NIRAJ
hello,sir i am Niraj pandey working Reliance Life Insurance Com. I have total experience of 6 years in sales & marketing. I am very glad to part of your company. My contact no09300468716
Posted by: virendra
VIRENDRA SINGH HADA have 2 yr experience in the bancassurace channel Like ( ING VYSYA BANK ) as a Sales Manager looking all alwar location ,may i know how I can be associated with BOB,Andhara Bank & L & G group Insurance.I am contactable on +919351318046(m)& my mail id is- virendra4u_2006@yahoo.com
Posted by: sudhakar
My name is Sudhakar working as sr Relationship manager in Way2wealth securities pvt ltd.With MBA iam having total experience of 4+ years in sales & marketing in wealth management & handling the HNI clients in PMS, structerd products,Insurance and Equties.I am very glad to part of your company. My contact no.is 9000010801.Regards Sudhakar
Posted by: balendra
hello sir, i am balendra woring with star union dai ichi life insurance, and have total experience of 9 year in banking and insurance industry. i will be glad if you pls tell me about the recruitment procedure of your openings. my contact no is 9993126909/9685504731.
Posted by: alok
hello,sir i am alok vaishya working Reliance Life Insurance Com. I have total experience of 3 years in sales & marketing. I am very glad to part of your company. My contact no09935399400
Posted by: SushendraPandey
Myself Sushendra Pandey from Lucknow.I have 2 year experience of Insurance Industry (1 year in Bancassurance with Punjab Nationl Bank). Guide me about your opnenings.My contact no.is 09359923496
Posted by: kamlesh
hi,myself kamlesh basically from lucknow,varansi location and i hv 1 yrs experience of insurance industry and my qualification is mba from uptu lucknow. kindly let me know that u hv any openings.
Posted by: Dhineshkumar
Hi, I've 7Yrs of Experience in Banking & Insurance , & I'm basically from Chennai, Kindky let me know if you have got any openings
Posted by: AninditaDhar
I am having more than 4yrs experince in sales & marketing. Currently I am working with Birla Sunlife Insurance Co. Ltd. for 3yrs as Unit Sales Manager in Bancassurance Channel. I am managing the relationship of Citi Bank. Looking for an opportunity to work in your esteemed organisation. I am contactable on 09903041261 and email id is anindita.dhar1@yahoo.co.in.
Posted by: upendra
i have experiance in 7 years in sales and marketing.now i am working in icicipru in bankasssurance in mumbai.if any job suitable for me then contact me on9338380708
Posted by: PCHANDRASEKHAR
I am having an experience of 4+ Years in Insurance & finance presently working with BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED as a Divisonal Account may i know how I can be associated with BOB,Andhara Bank & L & G group Insurance.I am contactable on +919637302407(m)& my mail id is- chandra.p02@bajajallianz.co.in / chandupasumarthi@yahoo.com
Posted by: ArupChoudhury
I have almost 14yrs of experience in sales & marketing of which 5yrs is with insurance 3yrs with Bajaj Allianz Life Insurance and 2yrs with Reliance Life Insurance CDA channel as Senior Territory Manager. I am very much interested to be associated with BOB insurance can I have information on the same. I am contactable on 09301355336 & mail id is - arup_9174@yahoo.co.in
Posted by: niranjan
i have 5 yr experience in the bancassurace channel Like ( HDFC,CITI,IDBI,SYNDICATE BANK ETC) as a Sales Manager looking all orissa location ,may i know how I can be associated with BOB,Andhara Bank & L & G group Insurance.I am contactable on +919776080314(m)& my mail id is- niranjandas2003@yahoo.com
Posted by: Ajay
My name is Ajay Kumar working Reliance Life Insurance Com. I have total experience of 6+ years n sales & marketing. Including 3+ years in insurance. I am very glad to part of your company. My contact no.is 09891556517.Regards Ajay Kumar
Posted by: Jalalakber
Dear sir,i am working from 5yrs in varanasi, allahabad $ mirzapur insurance indesty to bancaasurance & alternate.I try bancassurance to launch a new exprence i BOB,my contact no-09839678110, jalal_akber1@rediffmail.com,
Posted by: Deepak
Dear Sir, I am having an experience of 6+ Years in Finance and Insurance presently working with HDFC Bank Ltd. as a Deputy Manager may i know how I can be associated with BOB,Andhara Bank & L & G group Insurance.I am contactable on +9359739945 9759232322(m)& my mail id is- deepak.kapur54@gmail.com deepak.kapur54@yahoo.com deepak.kapoor@hdfcbank.com
Posted by: ganga
i have 4 yr experience in the bancassurace as a Assistant Manager-sales may i know how I can be associated with BOB,Andhara Bank & L & G group Insurance.I am contactable on +919919995182(m)& my mail id is- gbsingh2007@yahoo.com
Posted by: Bhanu
I HAVE 6+ EXPERINCE IN BANKING AND IN LIFE INSURANCE IN CHANDIGARH AND IN HIMACHAL. IF WANT TO JOIN YOUR CO.
Posted by: SRINIVASAN
SRI NIVASAN Dear sir/mem, I am working in HDFC STANDARD LIFE INSURANCE CO.as an INSURANCE ASSOCIATE(BANCANSURANCE).I am looking BANK OF BARODA (NEEMUCH, MANDSOUR,RATLAM,JHABUA,ALIRAJPUR).also coardinate all RURAL&URBAN branches, working with your organigation since NOV.2008.I want to join your organization. If u give me opportunity.Base town Ratlam (MP)CONTECT NO.9669173781,9981376701 . Regars sri nivasan Ratlam (mp)
Posted by: vinay
Dear Sir, I am having an experience of 6+ Years in Insurance & finance presently working with HDFC Standard Life Insu. Co. Ltd. as a Business manager may i know how I can be associated with BOB,Andhara Bank & L & G group Insurance.I am contactable on +919879001373(m)& my mail id is- vinay_pandere2003@yahoo.com
Posted by: ashishgupta
Dear Sir, I am having an experience of 3+ Years in Insurance & finance presently working with BONANZA PORTFOLIO as a sales manager may i know how I can be associated with BOB,Andhara Bank & L & G group Insurance.I am contactable on +919893250777(m)& my mail id is-ashigupta7777@gmail.com
Posted by: shivkumar
Imran October 16 , 2009 ,20:14 IST respected sir i have 5+years exp. in life insurance co and bamking. I have worked with HDFC STANDARD LIFE Co. in tied agency channel as a Sales Development manager from Aug-08 to till date, at ahmedabad,gujarat. i want to join your organization. if you give me opportunity. my contact no. 09924570770.
Posted by: PUNESHPAL
My name is punesh pal working with victory infracon (broking house of metlife) i have total experience of 12+ years n sales & marketing. Including 3+ years in insurance (HDFCSLIC,BAJAJ ALLIANZ)I am very glad to part of your company. My contact no.is 09826422343.Regards punesh pal
Posted by: TapanPaul
Dear Sir, I am having an experience of 3+ Years in Insurance(BANCA)& Personal Loan presently working with STAR UNION DAI-ICHI may i know how I can be associated with BOB,Andhara Bank & L & G group Insurance.I am contactable on +919301115050(m)& my mail id is-tapan.paul5@yahoo.co.in
Posted by: SubirBanik
Hi,I was expecting BOB to comeup with insurance from 2006.As a professional I am also interested to be a part of it.I am a MBAin marketing a 2 yrs sales experience in Multinational FMCG,Life insurance(Direct Marketing channel)currently a marketing managaer in Leading Multinational Panasonic Inc.Tx
Posted by: Imran
respected sir i have 08 mnths exp. in life insurance co. I have worked with ICICI-PRUDENTIAL LIC in tied agency channel-east as a unit manager from jan09 to aug 09, atjamshedpur,jharkhand. i want to join your organization. if you give me opportunity. my contact no. 09709099896,09304746157.
Posted by: kota-rajasthan(AJAJ)
dear sir i have 4 yr. exp. in life insurance co. presently i am working with ICICI-PRUDENTIAL LIC in banca assurance and alliances channel from march 2007 to till dae, at kota rajasthan . i want to join your organization. if you give me opportunity. my contact no. 09829958222
Posted by: maheshmailapur
My contact no:-986511239, I am having 8.4 years of exp in insurance and fmcg, 5.4 years in insurance 3 years with hdfc standrad life in agency module & 2 years with Metlife insurance with bancassurance as channel sale manager basicaly from gulbarga karnataka. worked all disricts of karnataka. At presently working as Branch manager with Birla sunlife insurance Iam glade to joine your organisation.
Posted by: santoshchandel
i am having an experience of 6+ year in securities(broking house)sector.presently i am working with DAWNAYDAYAV SECURITIES LTD as a team manager may i know how i can be associated with BOB,Andhara Bank & L & G group Insurance.I am contactable on +919873902262(m)& my mail id is- santosh.chandel08@gmail.com
Posted by: manojdas
Banka I am having an experience of 6+ Years in hospitality ,FMCG & Insurance(BANCA) presently working with ICICI PRUDENTIAL may i know how I can be associated with BOB,Andhara Bank & L & G group Insurance.I am contactable on +919937035670(m)& my mail id is-das79@sify.com
Posted by: mahesh.G.Mailapur
I have total 8.4 years expierience & 5.4 years in insurance with verious comapnies like HDFC standrd life As Sales Development manager of agency modelin gulbarga & 2 years with Metlife insurance as Channel sale manager for Bancassurence handled care of Karnataka bank & other corporates in hubli region. now at presently working as Branch Manager for Birla sunlife insurance of agency module in bijapur.Previus experience in FMCG for 3 years in bangalore. I worked all parts of karnataka. basicaly from gulbarga. I Worked in bangalore,mysore mandya, tumkur, davangere, shivamogga,bidar, gulbarga,bijapur,bagalkot,raichur,bellary,hubli,dharwad,belgaum,haveri almost all districts in karnataka
Posted by: Banka
I am having an experience of 11+ Years in Phrma , Insurance & Banking presently working with TATA-AIG may i know how I can be associated with BOB,Andhara Bank & L & G group Insurance.I am contactable on +919437299929
    Posted by: Mahipalsinghsolanki
My self Mahipal Singh Solanki presently working with Icici Prudential life insurance i have total exp.4 year exp in insurance field .I heartly want to work with this emerging organization if u give me an Opportunity than i assure you i will do with my best. Thanks And Regards Mahipal Singh Solanki 09826645636
Posted by: SatishSKashyap
My name is Satish S.Kashyap,presently working with Aviva Life Insurance at Nagpur location.I have started Aviva Banca at nagpur with Canara Bank,PSB,Laxmi Vilas Bank.I have total 5+ years exp.in insurance field.since last 4 years with Aviva Life.I am very glad to be a part of your BOB,Andhara Bank & L & G group Insurance.I am contactable on +919422126685.Regards,Satish S. Kashyap
    Posted by: PUNESHPAL
My name is punesh pal working with victory infracon (broking house of metlife) i have total experience of 12+ years in sales & marketing. Including 3+ years in insurance (HDFCSLIC,BAJAJ ALLIANZ)I am very glad to part of your company. My contact no.is 09826422343.Regards punesh pal.
Posted by: PareshSorathia
My Name Mr.Paresh Sorathia Presently i am working with HDFC Standard Life with Bank of Baroda and i have total five Year Exp.and i am glad to part of your company.My No 09879606226 Thank Paresh Sorathia HDFC Standard Life Jamnagar(Gujarat)
Posted by: Deepakvohra
My no is 09818340147 presently i am working in Reliance Life Insurance Co. Ltd. operations deptt. and total work exp. is more than 4 yrs. now,i am very glad to join your company. Thanks & Regards Deepak Vohra, Reliance Life Insurance Co. LTd. 09818340147
Posted by: PraveenKhetre
My name is Praveen Khetre, i am presently employed with ICICI Prudential Life Insurance. I am glad to be a part of Andhra Bank, BoB, L&G Group Insurance. I am contactable at 9833368698.
Posted by: deepakShrivastava
My no is 09179007727 presently i am working in Bharti Axa Life,i am very glad to join your company. Thanks & Regards Deepak Shrivastava Bharti Axa Life,(M.P.) 09179007727 Reply
Posted by: Ashutoshsingh
My self ashutosh singh. I have a above 5years exp.in insurance sector in banka and alternate channel.I am glad to be a part of Andhra Bank, BoB, L&G Group Insurance. I am contactable at 09826412195.
    Posted by: sachin
i m having more 5 years of exp. in banca and alternate channel, i just want to know how i could apply for andhra bank, BoB and L&G Group.
Posted by: shivshankarjha
My no is 9410716694 presently i am working in BoB and HDFCSLIC joint venture,i am very glad to join your company. Thanks & Regards shiv shankar Jha HDFCSLIC,Haldwani(Nainital(Uttarnchal) 9410716694
Posted by: Padmanabhan
My name is N. Padmanabhan, i am presently employed with AEGON Religare Life Insurance. I am glad to be a part of Andhra Bank, BoB, L&G Group Insurance. I am contactable at 9930856285.
Posted by: RishabhTatiya
The proposed three-way insurance joint venture will be 44% owned by Bank of Baroda, 30% by Andhra Bank and 26% by Legal & General. The insurance company will initially offer insurance protection and savings products such as unit-linked investment policies.
    Posted by: kartiktripathy
Hi,I was expecting BOB to comeup with insurance from 2006.As a professional I am also interested to be a part of it.I am a MBAin marketing and HRM 7 yrs sales experience in Multinational FMCG,Life insurance(Banca&alt channel)currently a BM in Alt channel,Bajaj life.Tx
    Posted by: AmitMishra
My no is 9838105921,presently i am working in BoB and HDFCSLIC joint venture,i am very glad to join your company. ThankYou Thanks & Rgards Amit Mishra HDFCSLIC,Lucknow. 9838105921
SmartInvestor+ E-zine
  Pay Rs.747/- for 3 years and
  get a branded watch FREE

  Subscribe Now
Most Popular
Read
E-Mailed
Commented
   
- Leela parts ways with Kempinski
- Kanika Datta: The importance of being SRK
- Nestle: Food for thought
- Tailor-made but not good enough
- Star-studded jury honours corporate excellence
 
 More  
BUSINESS STANDARD INDIA 2012
  Now available at Special price
  Rs.395/- Only
  Buy Now
  Now available on the Kindle Store...
  BS Specials  
    Full coverage of elections in Uttar Pradesh, Punjab, Uttarakhand, Manipur and Goa
 
  Member Area Write to the Editor RSS Archives Advanced Search
  Subscribe to BS print product BS e-paper Newsletter Portfolio Tracker
  BS Products BS Hindi BS Motoring BS Books
FOR HOT PRODUCTS
BS Bazaar.com
Home | Markets & Investing | Companies & Industry | Banking & Finance | Economy & Policy | Opinion
Life & Leisure | Management & Marketing | Tech World
About Us | Partner With Us | Code of Conduct | Careers | Advertise with us| Terms & Conditions | Disclaimer | Contact Us