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Our Bureau

Mumbai , April 17

BAJAJ Allianz has tied up with Janakalyan Sahakari Bank, scheduled urban co-operative bank, for bancassurance on a referral basis.

Many insurance companies have bancassurance as a key distribution channel.

In the case of SBI Life, the bulk of its business comes from SBI's branches in the country.

As per the arrangement, Janakalyan Sahakari Bank will distribute Bajaj Allianz's life insurance products through its branches.

The bank has a network of 25 branches in Mumbai and its suburbs Thane, Vashi and Panvel. Its area of operation covers entire Maharashtra.

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