The Hindu Business Line : Karnataka Bank pact with MetLife

BANGALORE: The private sector Karnataka Bank has signed an agreement with MetLife India for distribution of insurance products as a corporate agent.

This allows MetLife to take the bancassurance route for selling life insurance products, considerably reducing selling costs. The agreement with MetLife allows Karnataka bank to distribute life insurance products through its 360 branches in 14 States across the country. Besides it also allows the bank to earn substantial income.

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