Punjab & Sind Bank and Bajaj Allianz Life Insurance have entered into corporate agency partnership, under which bank customers can avail insurance products of the life insurer. Punjab & Sind Bank is the 25th scheduled commercial bank that is partnering with Bajaj Allianz Life Insurance for distributing its life goals-based product suite.
The partnership will allow Delhi-headquartered Punjab & Sind Bank's customers to avail a variety of retail life insurance products from Bajaj Allianz Life Insurance including term, savings, retirement and investment options.
Punjab & Sind Bank’s primary business is taking deposits, and making advances and investments, and is principally divided into retail banking, corporate banking, priority sector banking, treasury operations and other banking services such as agency functions for insurance, distribution of mutual funds and pension and tax collection services.
