Standalone health insurer Apollo Munich Health Insurance today said it is expanding its footprint across the country with bancassurance tie-up with state-owned Dena Bank.
Under the tie-up the bank will distribute customised Apollo Munich Health insurance and personal accident policies to the bank's 20 million customers nationwide, a release issued here said.
Apollo Munich Health has developed specialised health insurance solutions with distinctive benefits and an uncomplicated application process, exclusively for Dena Bank customers.
"Since our first bancassurance tie-up in 2013, we have seen a growing trend in the number of people buying health insurance policies through their banks. Our tie-up with Dena Bank helps to strengthen our vision to be a trusted leader in the health insurance sector," Apollo Munich Health Chief Executive Officer Antony Jacob said.
------------------------------
Canara HSBC OBC launches iSelect Term Plan
Canara HSBC Oriental Bank of Commerce Life Insurance today announced launch of iSelect Term Plan (available online), which provides enhanced protection cover for the family at an affordable premium.
With iSelect Term Plan one can design their own financial safety net so that they can protect their family's future and ensure that they lead their lives comfortably, the company said in a release issued here.
"iSelect Term Plan is a simple product which is available online, has an easy and convenient premium payment options and is a simple to understand product which offers very high value to the customer," Canara HSBC OBC Life Chief Executive Officer Anuj Mathur said.
-------------------------------------
Societe Generale appoints Rajat Kohli as global mkts head Ind
French lender Societe Generale today said it has appointed Rajat Kohli as the head of global markets for the country.
He will be replacing Gopal Bhattacharya, who has quit the company, and is tasked with developing its derivatives and forex products, it said in a statement.
Kohli joins SG from BNP Paribas, where he was heading the institutional business in their global markets division.
He will be based in the financial capital and report to country chief executive Evelyne Collin and Arnaud Lhoste, head of markets sales for South East Asia and India, the statement said.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)