Bancassurance is an agreement where Coperative and insurance company collaborate to provide insurance related products available in the market through cooperative’s networks.
Bancassurance simply means selling of insurance products by the cooperative.
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 cooperative also felt importance of introducing insurance services to member and thus brought Bancassurance service.
We have successfully carried out Bancassurance services with the following insurance companies:
Non-Life Insurance Products:
Life Insurance Products: