Bangalore, 12th May 2010: Dena Bank today entered into a tie up with Bajaj Allianz Life Insurance Co. Ltd., one of India’s leading private life insurers, for distribution of their group life insurance product ‘Sarva Shakti Suraksha’ through the Bank’s branches. The Memorandum of Understanding [MoU] was signed by Mr. M.K. Sharma, General Manager, Dena Bank and Mr. A.S. Narayanan, Head – Bancassurance, Group & NRI Business, Bajaj Allianz Life Insurance Co. Ltd.
Speaking on the occasion, Mr. Sharma said, "We are proud to be associating with Bajaj Allianz as this tie up will enable us to offer a low cost financial product, suitable to a large segment of the population which can’t afford insurance. It is a part of the measures being taken by the Bank towards the process of financial inclusion.”
Mr. Narayanan said, “It is a matter of great privilege to be associated with Dena Bank, which is a well known name in the banking sector in the country. This association will enable us to strengthen our commitment to reaching out to all strata of the population.”
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