Reliance Nippon Life Insurance Co partners with Bank of Maharashtra

To enable Reliance Nippon Life Insurance to further strengthen its market position and expand bancassurance distribution

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 prominent public sector banks in Maharashtra. This partnership is aimed at enhancing the bank's customer proposition and positioning the bank as the most preferred financial services supermarket. This partnership further aims to maximize the distribution fee potential for the bank.

Bank of Maharashtra with its extensive network of branches enjoys great visibility across metro, urban, semi-urban and rural geographies across India, more particularly in the state of Maharashtra. The tie-up will enable Reliance Nippon Life Insurance to further its customer outreach.

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