Private sector insurer Bajaj Allianz Life Insurance these days signed an agreement with public sector lender Dena Bank for the sharing of an insurance product.
A joint statement said. As per the agreement Dena Bank will allocate Bajaj Allianz Life Insurance's group life insurance product 'Sarva Shakti Suraksha' through the branches.
Dena Bank General Manager M K Sharma said this tie up will allow the bank to offer a low cost financial product, suitable to a large segment of the population which can't afford insurance.
He said. It is a part of the measures being taken by the bank towards the process of financial inclusion.
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