Reliance Capital’s subsidiary - Reliance Nippon Life Insurance Company (RNLIC) has signed a comprehensive Bancassurance - corporate agency agreement with Bank of Maharashtra (BoM), one of the prominent public sector banks in Maharashtra.
This partnership is aimed at enhancing the bank’s customer proposition and positioning the bank as the most preferred financial services supermarket. This partnership further aims to maximize the distribution fee potential for the bank.
Bank of Maharashtra with its extensive network of branches enjoys great visibility across metro, urban, semi-urban and rural geographies across India, more particularly in the state of Maharashtra. The tie-up will enable Reliance Nippon Life Insurance to further its customer outreach.
Reliance Capital, a part of the Reliance Group, is one of India’s leading private sector financial services companies. It has interests in asset management and mutual funds; life, health and general insurance; commercial and home finance; stock broking; wealth management services; distribution of financial products; asset reconstruction; proprietary investments and other activities in financial services.
