__________ is insurance companies tying up with banks to sell insurance products.

Question

Question: __________ is insurance companies tying up with banks to sell insurance products.

Options:

1.  Franchising
2.  Merger
3.  Bancassurance
4.  Insuranced linked banking

Answer 1

3. Bancassurance

Bancassurance is insurance companies tying up with banks to sell insurance products.

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More information from web:

Bancassurance means selling insurance product through banks. It is a partnership between a bank and an insurance company that aims to provide insurance products or insurance benefits to bank customers.

In this partnership, bank employees and banking system become a place of sales and customer contact.

Benefits and features of Bancassurance:

Here is list of features and benefits of Bancassurance.

Read more about Bancassurance at gargicollege.in.