Bancassurance is an agreement where bank and insurance company collaborate to provide insurance related products available in the market through bank’s distribution networks.
Bancassurance simply means selling of insurance products by the bank.
Globalization, liberalization and cut throat competition have jointly brought the banking and the insurance sectors to facilitate each other and offer effective services to the customers for that instance, our bank also felt importance of introducing insurance services to customer and thus brought Bancassurance service.
We have successfully carried out Bancassurance services with the following insurance companies:
Non-Life Insurance Products:
Life Insurance Products:
Why Mahalaxmi Bancassurance?
We recommend our Bancassurance product to the customers because we are unique in the following grounds regarding Bancassurance products