Reliance General Insurance Company (RGI), a subsidiary of Reliance Capital has signed a comprehensive Bancassurance - Corporate Agency agreement with Yes Bank, with the objective to distribute multiple general insurance products to the customers of Yes Bank, further augmenting its distribution network.
Yes Bank with its extensive network of 1040 high-quality branches across all 29 states and 7 union territories of India will enable Reliance General Insurance to reach a large base of Retail and MSME clients. This is the first partnership signed by the bank since the open-architecture norms under the Corporate Agency regulations were introduced by IRDAI in April 2016.
Reliance Capital, a part of the Reliance Group, is one of India’s leading private sector financial services companies. It ranks amongst the top private sector financial services and banking groups, in terms of net worth.
