Dena bancassurance deal
Dena Bank, in India, has announced the signing of a corporate agency agreement with Murugappa Group-promoted Cholamandalam General Insurance Company for the distribution of the latter’s insurance products. Under the agreement, Chola MS will offer a range of non-life insurance products – including travel and health insurance – to Dena Bank customers through the bank`s branch network.
Dena Bank, in India, has announced the signing of a corporate agency agreement with Murugappa Group-promoted Cholamandalam General Insurance Company for the distribution of the latter’s insurance products. Under the agreement, Chola MS will offer a range of non-life insurance products – including travel and health insurance – to Dena Bank customers through the bank`s branch network.
"We are delighted to partner with Chola MS for bringing best-in-class non-life insurance products to our customers,” commented Ashwani Kumar, chairman and managing director of Dena Bank. “The partnership will greatly benefit our banking customers and help Chola MS access a wide potential customer base.”
"We are privileged to be the general insurance partner of choice for Dena Bank,” said SS Gopalarathnam, managing director of Chola MS. “The opportunity offers immense scope to collaborate with Dena Bank and leverage technology to benefit customers. We are committed to working closely with the Dena Bank team to ensure that customers have access to the best insurance protection for their personal and business needs.”