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Chennai, Oct. 12 Oriental Insurance Company hopes to generate a premium income of about Rs 40 crore in 2007-08 through its bancassurance tie-up with Dena Bank. That is three times more than what the alliance was able to generate in 2006-07. The three-year-old tie-up was recently renewed for a period of another three years.

Speaking to Business Line on the sidelines of a business review meeting convened between the officials of Oriental Insurance Company and Dena Bank, Mr B.K. Sarkar, Director and General Manager, Oriental Insurance, said: “We have already conducted three meetings in Delhi, Mumbai and Pune. This meeting will help build relationship and confidence between the two partners. It will sensitise our branch managers and we are hoping it will sort out any problems faced by both parties. ”

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