Reliance General Insurance (RGI), a branch of Reliance Capital, has entered into a bancassurance tie-up with Catholic Syrian Bank recently.
According to the MoU, RGI will offer its general insurance products to Catholic Syrian Bank’s 1.5 million customer base spread across its 430 branches in Kerala, Tamil Nadu and Maharashtra.
Rakesh Jain, CEO, Reliance General Insurance, said, “We are delighted to partner with Catholic Syrian Bank. This tie-up will enable RGI to leverage Catholic Syrian Bank’s retail and SME customer base, robust distribution network, strong technology platform and brand name and offer them innovative and a comprehensive range of insurance products from RGI”.
CVR Rajendran, MD & CEO, Catholic Syrian Bank, said, “The strategic partnership with Reliance General Insurance will make it extremely easy for our customers to access a comprehensive selection of customised general insurance solutions at affordable rates. The corporate alliance will enable Catholic Syrian Bank serve our customers banking and insurance needs under one roof.”