Bancassurance

Ghana

Fidelity Bank and Prudential Life Insurance to extend bancassurance deal by 10 years. Press release, July 29, 2020.
They announced a 10-year extension to their exclusive bancassurance agreement, which began in 2015. The partnership will continue to deliver comprehensive savings, protection, and health solutions to Fidelity’s customers.

India

SBI Life Insurance, YES Bank announce bancassurance tie-up. CanIndia, September 21, 2020.
SBI Life’s range of individual and group insurance solutions will be offered to the customers of YES Bank. YES Bank has branches across 28 states and eight Union Territories.

Canara HSBC and Andhra Pragathi Grameena Bank virtually launch partnership to offer insurance products. NS Insurance, August 31, 2020.
Canara HSBC Oriental Bank of Commerce Life Insurance announced its alliance with Andhra Pragathi Grameena Bank (APGB). Canara HSBC’s insurance products, such as life, health, and pension, will now be sold across all branches of APGB.

Apollo Clinic joins hands with HDFC Life, will offer insurance products to its customers. Mint, August 28, 2020.
The agreement will allow Apollo Clinic to offer its customers a wide array of insurance products from HDFC Life. Apollo has more than 140 clinics across the country and 1.5 million customers.

Bharti AXA Life Insurance and SBM Bank India forge bancassurance partnership for insurance distribution. Press release, August 18, 2020.
Bharti AXA Life will offer insurance products, including protection, health, savings, and investment plans, through SBM Bank India’s network. SBM India has presence in six cities: Mumbai, New Delhi, Chennai, Bengaluru, Hyderabad, and Ramachandrapuram.

Karur Vysya Bank and Bajaj Allianz Life Insurance announce strategic partnership. New Indian Express, July 8, 2020.
The partnership will offer Bajaj Allianz life products to the bank’s customers. The Karur Vysa Bank has over 780 branch offices across India. Bajaj Allianz group products and other products including savings, retirement, investment, protection, and critical illness life insurance.

Myanmar

Capital Taiyo Life Insurance and Myanmar Citizens Bank (MCB) to provide life insurance products in Myanmar. Asia Advisers Network, August 31, 2020.
The MOU signed with Capital Taiyo Life Insurance will kick off a nine-month pilot project where Myanmar Citizens Bank will conduct sales of life insurance.

Pakistan

Jubilee Life and Bank of Azad Jammu & Kashmir sign Bancassurance Agreement. Daily Spokesman, September 10, 2020.
Jubilee Life Insurance products will now be available via the Bank of Azad Jammu and Kashmir.

United States

Insuritas partners with Haven Life to accelerate life insurance sales through financial institutions. Press release, July 9, 2020.
Haven Life’s 100% no medical exam term life insurance is now available via the Insuritas market of more than 10 million users nationwide. Banks and credit unions on the Insuritas platform will be able to connect their depositors to a leading, entirely digital life insurance solution.