Excelsior Correspondent
SRINAGAR, Mar 20: Jammu and Kashmir Bank today entered into a corporate agency agreement with Bajaj Allianz Life Insurance Company – one of the country’s leading insurance providers. The agreement has paved way for the Bank to sell the life insurance products of Bajaj Allianz from 1st April, 2023.
General Manager and Vertical Head (Cross Selling) Narjay Gupta signed the agreement on representing J&K Bank, while as, Chief Distribution Officer (Institutional Business) Dheeraj Sehgal put in his signatures on behalf of Bajaj Allianz Life Insurance Company in presence of Bank’s Executive Director Sudhir Gupta.
Bank’s General Manager and Vertical Head (Business Support Division) Syed Rais Maqbool, Bajaj Allianz Business Heads Varghese Chacko and Zeeshan Andleeb besides other senior officials of the Bank and Bajaj Allianz Life also attended the signing ceremony at corporate headquarters.
Commenting upon the Bank’s efforts to expand the choice-canvas for its growing and varied customer-base across the country, MD and CEO of J&K Bank Baldev Prakash said, “Signing of the corporate agency agreement with insurance giant LIC of India and Bajaj Allianz Life in quick succession – with 1st April, 2023 as date for commencing operations – clearly exhibits our customer-centric policy approach, thrust on swift implementation and commitment to widen the range of products, services for our clients.”
Executive Director Sudhir Gupta said, “Through this agreement we have further strengthened our relationship with Bajaj Allianz. With both organizations being reputed brands in their field of operations, I am sure this partnership will help us achieve our business goals successfully.”
CDO Dheeraj Sehgal said after signing the document, “We are thankful to J&K Bank for this opportunity. We believe collaboration with J&K Bank will surely bring solutions to life insurance needs of huge population J&K Bank serves with great pride and professionalism.”
Expressing confidence on the occasion, Bajaj Allianz Life (Business Head) Zeeshan Andleeb said that the partnership with J&K Bank especially in J&K and Ladakh will mean benefit and success for everyone across the value-chain.
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