Canara Bank has entered into corporate agency arrangement with New India Assurance Company for distribution of insurance products. The pact allows Canara Bank to offer non-life insurance products to its customers across metros and tier II and III cities through the bank’s extensive network of over 6,000 branches. The pact also strengthens distribution network of New India Assurance.
Under the agreement, New India Assurance will offer a bouquet of products - such as motor, home, health, travel, fire, marine, and engineering insurance policies - through branches of Canara Bank.
Canara Bank is an Indian state-owned bank headquartered in Bangalore, in Karnataka. It was established at Mangalore in 1906, making it one of the oldest banks in the country.
