Bank of Maharashtra has tied up with insurance company Future Generali India Insurance Company for marketing the latter’s products under bancassurance. The bank’s customers will be able to avail of motor, home, shopkeeper and rural insurance products at any of the 1,896 branches of the bank. Anurag Sinha, senior vice president – Bancassurance and zonal manager-West, of Future Generali, exchanged the corporate agency agreement with Ravindra Marathe, MD and CEO of Bank of Maharashtra. K.G. Krishnamoorthy Rao, MD & CEO, Future Generali, said bancassurance is one of the key avenues to distribute insurance products across a wider audience. An association with Bank of Maharashtra will aid the company in building a strong outreach network for its customers and the focus is to offer customized products, best customer service and sustain the trust of customers of the bank.
