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Sarkaritel.com News and
Features-Corporate News
Punjab National Bank’s Foray Into Insurance Business
New Delhi, 04
March, 2011
The bank had invited Expression of Interest from intending
insurance companies for strategic partnership in Insurance
business with the Bank on 28.12.2010.
The Bank received overwhelming response from Indian and
International Insurance companies proposing different models.
After evaluation of the various models received, the Bank has
decided to participate in the life insurance venture through a
“corporate agency tie-up along with equity participation in an
existing Indian life insurance company”.
Accordingly, RFPs have been issued to
following ten insurance companies who had proposed this model:
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1 |
Aegon
Religare Life Insurance |
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2 |
Aviva India
Life Insurance |
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3 |
Bharti AXA
Life Insurance |
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4 |
Birla Sun
Life Insurance |
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5 |
DLF
Pramerica Life Insurance |
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6 |
Future
Generali Life Insurance |
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7 |
HDFC Life
Insurance |
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8 |
Max New
York Life Insurance |
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9 |
Met Life
Insurance |
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10 |
Reliance
Life Insurance |
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The bank will finalise the partner
for Life Insurance business based on the evaluation of the
proposals submitted by these insurance companies.
E-Mail :
newseditor@sarkaritel.com
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