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CORPORATE AGENCY Sachit Aggarwal
Indian Insurance Industry ,[object Object],[object Object],[object Object],Source: Life Insurance Council
What is Corporate Agency? ,[object Object],[object Object],[object Object],[object Object],[object Object]
Why Insurance Companies should look at Banks for Distribution of Insurance Products ?
Facts & Figures ,[object Object],[object Object],[object Object],[object Object],[object Object]
Bancassurance: WIN-WIN For Insurer, Banks & for Customers Value to Insurer Value to Customer Value to Bank Leveraging Joint Branding Product Creation Product Fitment & Differentiation Reduced Distribution Cost Additional offering at No extra cost  Leveraging Branch Network (REACH) & Client Base (DEPTH) Holistic Financial offering to Client
Bancassurance Tie-Ups *Aviva started the concept of Bancassurance in India Banks Insurance Company Barclays Axis Bank MetLife India DBS Bank Tata AIG Karur Vysya Bank Lord Krishna Bank Bajaj Aliianz ABN-Amro Canara Bank Amex Aviva Life Insurance* Corporation Bank Indian Overseas Bank Centurian Bank Vijaya Bank LIC
“ There is no Stronger Force than an Idea whose time has come”   - VICTOR HUGO (19 TH  Century Novelist) Banks & Insurers across the world have realized  Bancassurance  is the  distribution channel   , which could help them achieve  economies of scale   and  boost   their   revenues  in the 21 st  Century
Thank You Thank You

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Corp agents1

  • 2.
  • 3.
  • 4. Why Insurance Companies should look at Banks for Distribution of Insurance Products ?
  • 5.
  • 6. Bancassurance: WIN-WIN For Insurer, Banks & for Customers Value to Insurer Value to Customer Value to Bank Leveraging Joint Branding Product Creation Product Fitment & Differentiation Reduced Distribution Cost Additional offering at No extra cost Leveraging Branch Network (REACH) & Client Base (DEPTH) Holistic Financial offering to Client
  • 7. Bancassurance Tie-Ups *Aviva started the concept of Bancassurance in India Banks Insurance Company Barclays Axis Bank MetLife India DBS Bank Tata AIG Karur Vysya Bank Lord Krishna Bank Bajaj Aliianz ABN-Amro Canara Bank Amex Aviva Life Insurance* Corporation Bank Indian Overseas Bank Centurian Bank Vijaya Bank LIC
  • 8. “ There is no Stronger Force than an Idea whose time has come” - VICTOR HUGO (19 TH Century Novelist) Banks & Insurers across the world have realized Bancassurance is the distribution channel , which could help them achieve economies of scale and boost their revenues in the 21 st Century