“J&K Bank and Bajaj Allianz Life Insurance Sign Corporate Agency Agreement”

Jammu and Kashmir Bank has signed a corporate agency agreement with Bajaj Allianz Life Insurance Company, one of the leading insurance providers in India. The agreement will allow the bank to sell Bajaj Allianz’s life insurance products starting from April 1, 2023.

The corporate agency agreement between Jammu and Kashmir Bank and Bajaj Allianz Life Insurance Company was signed by Narjay Gupta, General Manager and Vertical Head (Cross Selling), representing J&K Bank, and Dheeraj Sehgal, Chief Distribution Officer (Institutional Business), representing Bajaj Allianz Life Insurance Company. The signing took place in the presence of J&K Bank’s Executive Director Sudhir Gupta.

In addition to the officials mentioned earlier, the signing ceremony at the corporate headquarters was attended by Bank’s General Manager and Vertical Head (Business Support Division) Syed Rais Maqbool, and Bajaj Allianz Business Heads Varghese Chacko and Zeeshan Andleeb, as well as other senior officials from both organizations.

Commenting upon the Bank’s efforts to expand the choice-canvas for its growing and varied customer-base across the country, MD and CEO of J&K Bank Baldev Prakash said, “Signing of the corporate agency agreement with insurance giant LIC of India and Bajaj Allianz Life in quick succession – with 1st April, 2023 as date for commencing operations – clearly exhibits our customer-centric policy approach, thrust on swift implementation and commitment to widen the range of products, services for our clients.”
Executive Director Sudhir Gupta said, “Through this agreement we have further strengthened our relationship with Bajaj Allianz. With both organizations being reputed brands in their field of operations, I am sure this partnership will help us achieve our business goals successfully.”
CDO Dheeraj Sehgal said after signing the document, “We are thankful to J&K Bank for this opportunity. We believe collaboration with J&K Bank will surely bring solutions to life insurance needs of huge population J&K Bank serves with great pride and professionalism.”
Expressing confidence on the occasion, Bajaj Allianz Life (Business Head) Zeeshan Andleeb said that the partnership with J&K Bank especially in J&K and Ladakh will mean benefit and success for everyone across the value-chain.

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