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City-based Karnataka Bank has signed a Memorandum of Understanding (MoU) with Bajaj Allianz General Insurance Company for General Insurance business.
With the agreement, the bank would be able to provide vast choice of non-life insurance products to its customers across all its 747 branches, supported by the customer centric products of Bajaj Allianz, bank Managing Director and CEO P Jayarma Bhat said.
The corporate agency agreement was inked yesterday at the Head Office of Karnataka Bank, the bank said in a statement.
Tapan Singhel, Managing Director and CEO of Bajaj Allianz, said the partnership was an important part of the company’s growth strategy which required a robust distribution network.
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