Private sector life insurer PNB MetLife has inked a corporate agency tie-up with Bank of Bahrain and Kuwait (BBK) to sell retail and group insurance products of the company to the foreign bank’s customers in India.As a part of this tie-up, PNB MetLife will offer its wide array of best-in-class and innovative insurance solutions to BBK’s India customers spread across its branches, PNB MetLife said in a statement.
“Bancassurance tie-up forms an important part of the PNB MetLife’s growth strategy and the company has forged many successful alliances, to enhance its distribution footprint in the country,” it said.PNB MetLife will offer its products across protection, health, savings, wealth and rural plans to the customers of BBK.
Mallikarjun Kota, Country Head and Chief Executive Office,r said: “Bank of Bahrain and Kuwait has been operating in India for over 30 years…BBK intends to leverage its strong presence in the region and amongst the Indian diaspora to serve with most suitable solutions.”
