For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

Canara Bank ties up with Apollo Munich; eyes Rs 100 cr biz from bancassurance

By Religare
|
Canara Bank ties up with Apollo Munich
Public-sector lender, Canara Bank has formed alliance with Apollo Munich Health Insurance to provide health insurance to Canara Bank customers across the country, said the media report.
 

It has targeted to earn a fee based income of Rs 100 crore from bancassurance business during the next one year, said the media report.

"We've tied up with Apollo Munich to offer health insurance products. We'll offer some tailor-made products to customers," Canara Bank, Chairman and Managing Director, R K Dubey told media.

However, the bank has currently a fee-based income from the sales of insurance policies to the tune of Rs 15 crore. Besides, the bank, in August this year, had entered into an MoU with United India Insurance for distribution of UII's general insurance policies.

Dion Global Solutions Ltd.

Company Search
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more