Excelsior Correspondent
SRINAGAR, Oct 3: Cementing their business relations further, the J&K Bank and Bajaj Allianz General Insurance Company Ltd (BAGICL) have renewed their Bancassurance tie-up for three more years.
Having already completed the business association of 14 years, the Executive President Parvez Ahmad and Senior President SK Bhat, the bank’s Vice President (Insurance) Chetan Paljor signed the Memorandum of Understanding (MoU) with President and Chief Marketing Officer BAGICL Anamika Roy Rashtrawar here at the bank’s headquarters for three more years. Regional Head (J&K/Punjab), BAGICL Aijaz Ahmad Khan was also present on the occasion.
Speaking on the occasion, Executive President said, “I am glad to be taking our partnership with BAGICL forward for another 3 years. We value our partnership with the company for, during the deluge aftermath last year, they stood by us by paying the claims of our customers in time thus helping them in rebuilding their lives and I hope the tie-up would prove better in future for our valuable customers”, he added.
Anamika Roy said, “We are extremely delighted to renew our partnership with J&K Bank, a leading financial services provider and a household name in the Valley. This partnership has helped us provide insurance solutions to a large number of people in J&K over the years. The testimony to our strong partnership was the fact that Bajaj Allianz was able to reach out to its customers and pay over 28,000 claims worth Rs. 1,000 crore with the support of the bank in the aftermath of the floods last year.”
In response to the suggestions put forth by Bank, Ms Roy agreed to introduce slew of measures aimed at adding to the delight of customers which include leveraging of technology to issue policies on real time basis, imparting training to their own people and also to employees of Bank regarding the latest developments and innovations in insurance industry.
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