Max Bupa enters into bancassurance tie-up with Standard Chartered Bank

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Standard Chartered Bank and Max Bupa Health Insurance today announced their bancassurance Corporate Agency arrangement to provide the insurer's health insurance offerings to the customer base of the bank across the country.  

 

At present, banks are allowed to tie-up with insurance companies as corporate agents. Insurance Regulatory and Development  (Irda) guidelines permit banks to tie-up with one life, one general and one standalone health insurance company. Standard Chartered will distribute Max Bupa’s health insurance products to its customers across its 99 branches spread over 42 cities in India.

 

In November 2013,  Deutsche Bank and Max Bupa Health Insurance announced their bancassurance agency partnership.