Karnataka Bank in pact with Bharti AXA

Karnataka Bank has entered into a memorandum of understanding with Bharti AXA Life Insurance Company to distribute the latter’s life insurance products. Quoting Mahabaleshwara MS, Managing Director and Chief Executive Officer of Karnataka Bank, a press release said on Tuesday that the bank will be able to provide a wide choice of life insurance products to its customers across 836 branches, supported by the products of Bharti AXA Life Insurance Company. This is the third such tie-up by the bank after PNB MetLife Life Insurance Company and LIC of India, both of which continue to provide insurance solutions to the customers of Karnataka Bank.