Bancassurance is a relationship between a bank and an insurance company that is aimed at offering insurance products or insurance benefits to the bank's customers.
Bangiya Gramin Vikash Bank has taken lot of new initiatives for the benefit of its valued customers. With an object to offer the customers of the bank a one stop shop having an array of varied financial products under one roof and for fulfilment of their diverse needs, Bank has entered into tie-up with renowned Insurance Companies.
Tie-up arrangement with the Life Insurance Corporation of India (LICI) for selling Life insurance products and the Oriental Insurance Company Ltd (OICL) for non-life insurance products. The insurance products to our customers acts as an add-on service offered by the Bank in addition to the normal banking services.