Canara Bank, New India tie up

Canara Bank and the New India Assurance Company have entered into a corporate agency arrangement for distribution of insurance products. The pact allows Canara Bank to offer non-life insurance products to its customers across metros and tier II and III cities through the bank’s extensive network of over 6,000 branches. The pact also strengthens distribution network of New India Assurance.Under the agreement, New India Assurance will make offer a bouquet of products — such as motor, home, health, travel, fire, marine, and engineering insurance policies — through branches of Canara Bank.