Reliance General Insurance announced recently stated to expect a 3 fold premium collection amount of Rs 300 crore in the consecutive years through bancassurance channel of distribution. (policybazaar.com)
«Life insurance companies with strong bancassurance partners (HDFC Life, SBI Life, ICICI Pru and Max Life) should generate weighted average return on embedded value of 16.8 per cent by FY15, compared to 13.3 per cent for the companies which are predominantly agency - driven (Bajaj Allianz, Birla Sun Life and Reliance Life),» the report added. (business-standard.com)
The transaction, which was completed in July, also saw Prudential enter into bancassurance partnerships with Zenith Bank in Nigeria and Ghana. (legal500.com)