Reliance General signs bancassurance deal with Catholic Syrian Bank :

Non-life insurer Reliance General Insurance — part of Reliance Capital Ltd — on Wednesday said it has signed a bancassurance deal with private-owned Kerala-headquartered Catholic Syrian Bank.

In a statement, Reliance General Insurance said it would target the 1.5 million-strong customer base of Catholic Syrian Bank spread across its 430 branches in Kerala, Tamil Nadu and Maharashtra.

“We are delighted to partner with Catholic Syrian Bank. This tie-up will enable RGI (Reliance¬†General Insurance) to leverage Catholic Syrian Bank’s unparalleled retail and SME (small, medium enterprises) customer base, robust distribution network, strong technology platform, strong brand name and offer them innovative and comprehensive range of insurance products from RGI,” Rakesh Jain, CEO, Reliance General Insurance, was quoted as saying in the statement.

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