The Hindu Business Line : Max NY Life in pact with YES Bank

Mr Dennis Pedinni (left), CEO, Max New York Life Ltd, and Mr Rana Kapoor, MD & CEO, YES Bank Ltd, after signing an agreement in the Capital on Wednesday. - - Kamal Narang

New Delhi , Feb. 23

MAX New York Life Insurance Co (MNYL) hasannounced a bancassurance partnership with YES Bank.

Mr Dennis Pedini, Chief Executive Officer, MNYL, and Mr Rana Kapoor, Managing Director, YES Bank, signed on Wednesday the agreement under which Yes Bank will offer MNYL's products to its customers.

This is the second such distribution tie-up that MNYL has entered into with a bank, the first one being with Thane Janata Cooperative Bank.

"The tie-up is a win-win for both MNYL and YES Bank," Mr Pedini said at a press conference.

While it would help expand the distribution network of MNYL, it would give a sizable fee-based income to YES Bank.

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Eligibility limit for special discount raised to Rs 15 cr — IRDA revises norms on broking commissions

LIC first premium growth at 35 pc

Max NY Life in pact with YES Bank

Disaster insurance for fishermen proposed

Bank of Punjab to issue fresh shares to four investors at Rs 38

United Bank upset over `autonomy exclusion'

Vijaya Bank branch at Chirala

IDBI asked to extinguish 2.5 per cent Bank shares

Bank strike on March 22

ECGC, IOB in pact

Raj Travels ties up with SBI

What banks wish for in the Budget