India’s leading banks collectively earned ₹21,773 crore in commissions from insurance sales during FY24, reflecting the growing role of bancassurance in boosting non-interest income. However, this sharp rise has reignited…
In a strategic move to strengthen its footprint in the insurance sector, Central Bank of India has acquired a 25.18% stake in Future Generali India Life Insurance Company Ltd (FGILI).…
As The Insurance Times proudly enters its 45th year, we reflect on the journey that has made this publication an enduring voice of the Indian insurance industry. Over the decades,…
About Indranil Dutta Indranil Dutta brings 23 years of experience in insurance, banking, and sales, with a specialization in bancassurance. As the Chief Business Officer – Bancassurance at Bandhan Life…
AU Small Finance Bank (SFB) has announced a strategic partnership with Bharti AXA Life Insurance, a subsidiary of Bharti Life Ventures, to provide comprehensive life insurance and financial security solutions…
A Strategic Partnership to Bring Comprehensive Insurance Solutions Nationwide AU Small Finance Bank (AU SFB), India’s largest small finance bank, has entered into a strategic partnership with United India Insurance…
ABSTRACT Insurance is a means of protection against a financial risk that could occur against a contingent or an uncertain eventuality. The insurance sector in India works on a mainstream…
ICICI Lombard General Insurance has partnered with Karnataka Bank to offer its insurance products to the bank's 13 million customers across 915 branches. This collaboration aims to enhance financial security…
Q.1. IDBI Federal Life has been focusing on the Bancassurance strategy crucially for the past few years. Do you think this strategy helped IDBI Federal in holding a steady position…
Here's a set of 10 FAQs on bancassurance in India: 1. What is bancassurance? Bancassurance is a partnership between banks and insurance companies where banks distribute insurance products to…