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