Under the proposed model, channels that require greater involvement in customer onboarding, advice, and ongoing servicing are expected to attract relatively higher payouts.
The bank and the insurer said the offering would focus on wealth and legacy-planning cover for customers, including high-net-worth individuals and visitors.
With banks accounting for 32.5% of life individual new business premium and meaningful shares in group, general and health lines, the reforms could materially reshape India’s bancassurance distribution...
The agreement expands LIC’s reach by adding YES Bank’s 1,295 branches and 235 business correspondent outlets to its network of more than 3,600 locations.
