- TMBL partnered with Chola MS General for the purpose of marketing, selling, and distributing general insurance products.
- The bank partnered with Max Life to extend life insurance offerings to its customers.
- With this pact with Chola MS General and Max Life, TMBL now has 4 bancassurance agreements with insurance companies (the other two being LIC and UIICL).
- Under the partnership, the branches of TMBL will begin retailing the insurance products of both, Chola MS General and Max Life.
- TMBL (erstwhile Nadar Bank) was established in 1921 with its headquarters in Thoothukudi, Tamil Nadu. The current CEO of the bank is K V Rama Moorthy.
Question:
Q.1 Which of the following bank recently inked bancassurance pacts with the Cholamandalam MS General Insurance Company Ltd and Max Life Insurance Company?a. South Indian Bank Ltd
b. Dhanlaxmi Bank Ltd
c. Karur Vysya Bank Ltd
d. Tamilnad Mercantile Bank Ltd
