BoM signs corporate agency agreement with Cigna TTK Health

Mumbai : State-run Bank of Maharashtra has entered into a corporate agency agreement with Cigna TTK Health for distribution of the latter's products in the bank's branches.

The bank will offer Cigna TTK's health insurance products to its two crore customers through its network of over 1,896 branches, it said in a statement.

"We are glad to have Cigna TTK as our health insurance partner, and our coming together will help us in not only offering a wide range of products, but also help us enhance customer satisfaction and deliver increased value to our customers," Bank of Maharashtra's Managing Director and CEO Ravindra Marathe said.

Cigna TTK Health's Managing Director and CEO Sandeep Patel said, "Bank of Maharashtra enjoys great visibility in a large number of tier-III and tier-IV cities, helping expand Cigna TTK's footprint across the previously unchartered territories, and also helping to offer affordable health insurance solutions to an increasing number of people."

Last week, the bank had signed a similar agreement with Future Generali India Insurance to offer its customers non-life insurance products of the insurer.