Our foray in Bancassurance
We entered into our first bancassurance partnership with the No.1 Cooperative Bank – Saraswat Bank. This partnership will enable us to strengthen our reach towards a wide-spread customer base of the bank through its extensive network of branches and offer them need based life insurance solutions.
Saraswat Bank is the premier and largest among the 1579 Urban Co-operative Banks in India, established in 1918. The Bank has received a pan-India permission and presently has branches spread across six states. The Bank has achieved a Total Business (Deposits plus Advances) of Rs. 50,000 crore on 31st March, 2016 and is the first Bank in the Urban Co-operative Banking Sector in India to cross the landmark of the total business level of Rs. 50,000 crore.